Tag Archives: GBP


Sterling dives on pessimistic BoE forecast

BoE cuts UK outlook and says crisis impact bigger than thought Speculations that Greece to receive bailout to support Euro Greenback keeps bullish amid economic uncertainties Yen drops to 6-month low as BoJ opts for more easing

Categories: Market Commentary.


Greece Bailout concern knocks Euro and Sterling

Sterling slips amid all eyes back to the UK recovery Euro zone focuses on German Economic Sentiment data Risk aversion supports green back Aussie declines on its slowdown concerns

Categories: Market Commentary.


Dollar Strength Ahead of Key Non-Farm Payroll Data

Dollar makes gains on majors as market awaits key non-farm numbers Euro takes hit as Greece bailout issue comes back into play Sterling takes advantage of under-fire euro to hit week high Canadian dollar posts gains on rise in risk … Continue reading

Categories: Market Commentary.


Sterling climbs higher before PMI to add confidence to UK recovery

Strong UK data lowers chances of QE next week Euro drifts lower against pound amid EU official comment Dollar remains unchanged ahead of Job and Manufacturing figure Yen weakens on BoJ easing risk; Aussie rises on China data

Categories: Market Commentary.


Sterling/dollar hits 6-week low as risk of EU crisis rises

Sterling dipped broadly, tracking euro loss Euro slips on PMI Manufacturing and Service Greenback gains further on positive housing figure Aussie surges; Yen posts loss before BoJ stimulus

Categories: Market Commentary.


Dollar Strength Kicks off New Trading Week

Safe haven currencies kick off new week on the front foot. Spain still in market focus for when rather than if it will take a bailout. EU Summit to take place Thursday/Friday this week. Oil drops for second day on … Continue reading

Categories: Market Commentary.


Euro Takes Spanish Downgrade in it’s Stride to Post Gains

Spanish downgrade seen as positive move to make Spain request bailout. Single currency posts gains over sterling and dollar. Risk appetite improves in global markets to send dollar lower. Japan may intervene in FX markets. For more information see tool … Continue reading

Categories: Market Commentary.


Spain Downgrade by S & P on Risks

Sterling edges higher, but gains could be temporary. Euro slides as worries over Spain grow. Dollar advances amid risk aversion. Aussie climbs as job gains top forecasts. For more information see tool bar above, click ‘Market Data’ then ‘Market Commentary’.

Categories: Market Commentary.


IMF Warns of Fresh Global Crisis Unless Eurozone Finds a Fix

U.S. currency rallies as risk appetite disappears. Equity markets post losses as fears of global debt crisis continue. Sterling suffers against majors but trades higher vs South African Currency. Euro mixed as posts losses versus dollar but hits 3 week … Continue reading

Categories: Market Commentary.


US Unemployment Below 8% for First Time Since 2009

Weak UK data weighs on pound. Euro temporarily boosted on risk taking. Surprise drop in US unemployment rate. Rand hammered to 3-1/2 year lows. For more information see tool bar above, click ‘Market Data’ then ‘Market Commentary’.

Categories: Market Commentary.