GBPUSD Rate Touched Pre-Brexit Levels and Begins To Fall - April 18, 2018 19:18

The early weeks gains have begun to fade for GBPUSD. After an indifferent start to 2018 cable finally found it’s mojo again in mid March to continue the climb from the horrendous lows of 2017. Last week seen the GBPUSD rate close positive every day, and Monday began with a follow through until in early […]

Rebound in EURUSD Makes a Sharp Retrace - November 5, 2014 10:34

Finally there was a rebound on Tuesday afternoon for EurUsd on the foreign exchange market, after halting many days and weeks of declines, and testing the year low at 1.2440 early this week. However, normal service resumed today, with a fall starting late in Asian trading which retraced all of yesterday’s gains. Overall, the underlying […]

GBP – 7 Week High Against Euro - April 23, 2014 10:54

The Pound is trading at a seven-week high against the Euro as investors await the release of the minutes of the Bank of England’s March policy meeting. Speculation that policy makers are moving closer to raising interest rates lent support to the Pound. Against the US Dollar the currency is trading close to a four […]

Pound Holding the Highs and Looking Strong - February 26, 2014 10:54

The Pound is holding steady against the Euro and US Dollar as economists await the publication of a report which showed that the UK economy expanded in the fourth quarter of last year. GDP is forecast to have risen by 0.7%, slightly lower than the previous quarter’s figure of 0.8%. The currency is expected to […]

GBP Edged Higher To Regain Early Loss - February 7, 2014 11:19

After softening against the majority of its rivals yesterday following the Bank of England’s decision to leave policy unchanged, the Pound clawed back losses this morning. Sterling edged higher against the Euro and US Dollar ahead of the release of reports which are expected to show that UK industrial output increased in December. US Dollar […]

British Pound Closes On Yearly High – Ready For Unemployment Data - January 22, 2014 10:29

The Pound is close to a one-year high against the Euro ahead of the release of data which is expected to show that UK unemployment fell closer to the Bank of England’s target of 7%. If the jobless rate does fall it will raise expectations for the Central Bank to raise interest rates sooner than […]

Under Pressure: The Dollar Hopes For Retail Sales Boost - January 14, 2014 11:45

The Pound fell against all of its peers yesterday after an index showed that recent UK economic data releases are falling short of economist expectations. The report weakened demand for the currency. Today, Sterling managed to recover some lost ground against the Euro on expectations that inflation data will come in better-than-expected. US Dollar The […]

Investors Look Ahead To Tuesday’s Retail and Inflation Data - January 13, 2014 12:10

The Pound remains close to a one-year high against the Euro in a quiet news day. Sterling was little moved against the US Dollar. Investors are looking ahead to Tuesday’s retail and inflation data releases which many believe will show that retails sales rose in December and inflation quickened, if so then the Pound will […]

Summers Out as Fed Chair Nets Bond Buying - September 16, 2013 14:00

The news that Larry Summers has withdrawn his name from contention for being Ben Bernanke’s replacement as the Chairman of the FOMC had an immediate effect on the markets, sending equity futures rising along with bond prices.  The benchmark 10 year US Treasury Note yield dropped nearly 90 basis points and is trading at an […]