GBP Gets Ready for an Unpredictable Day with Meaningful Vote 2 - March 12, 2019 11:34

All eyes are once again focused on the British Pound, with a crunch vote happening today on the deal which Theresa May has secured with the EU parliament. As news broke on Monday evening that there was now an agreement on the Northern Ireland backstop (which has been the main point of controversy throughout the […]

Cardano – At The Forefront of Blockchain - July 5, 2018 9:01

The cryptocurrency market continues to gather followers thanks to its popularity and increasing profitability. One of the latest ones to achieve great success is Input Output Hong Kong (IOHK) with the development of Cardano, a ‘blockchain’ that has managed to attract the interest of investors. With its creation in 2017, Cardano appeared in the bullish […]

CAD: Canadian Dollar Strength and US Dollar Weakness - September 7, 2017 11:04

On the foreign exchange market Wednesday things began slowly. Mixed moves from the major currencies meant choppy trade until data from the West arrived. Things became more volatile as the Bank of Canada (BoC) moved rates by 0.25 to 1%. This sparked some life into the Canadian Dollar, and in turn its US cousin. A […]

Fed Meeting Set To Show The Way - September 21, 2016 12:30

The next installment of the Federal Reserve meeting, with the press release that is published at close the meeting of the Monetary Policy Committee. This is followed by a press conference hosted by the president of the Fed, Janet Yellen. All eyes are on comments surrounding interest rates, and how the Fed see’s the economy […]

GBP Rate – No Push Higher – Yet - June 25, 2014 9:33

The Pound fell below the key 1.50 level against the Euro and the 1.70 level against the US Dollar yesterday after the currency was weakened by dovish comments made by Bank of England Governor Mark Carney. In testimony to parliament’s Treasury Committee, Carney said the exact timing of rate rises would be driven by data […]

Could That Have Been The Top On GBP? - June 19, 2014 9:15

Pound dropped sharply yesterday against the Euro and other major peers after the minutes of the Bank of England’s June policy meeting were less hawkish than economists had been hoping. The minutes reduced expectations that the BoE will raise interest rates before the end of the year. GBP has been flirting with five year highs […]

Better Than Expected US Inflation Data Gives Dollar A Boost - June 18, 2014 9:48

The Pound is hovering just off of a five-year high against the US Dollar and is trading at a 20-month high against the Euro ahead of the publication of the minutes from its June 5th policy meeting. Economists are expecting the minutes to give a clearer indication that the Central Bank is getting closer to […]

USD Rate: Pending Home Sales Rise - April 29, 2014 14:04

The Pound softened slightly against most of its peers as investors take a wait-and-see approach to today’s UK GDP figures. If the data comes in strongly then the Pound could challenge the 1.70 mark against the US Dollar, rise against the Euro and put increased pressure upon the Bank of England to normalize its monetary […]

GBP Makes Gains Before The FOMC Announcement - January 29, 2014 10:25

While the Pound initially advanced yesterday as the UK’s GDP report confirmed that the nation’s economy enjoyed its strongest year of growth since 2007, the British currency went on to pare gains against the US Dollar and Euro. The ‘Cable’ remained close to a 2 ½ year high following a mixed bag of US reports […]