Tag Archives: pound sterling


U.S. Dollar Gaines for 7th Week Ahead of Key Jobs Report

BoE leaves interest rates unchanged at 0.5% as expected Euro recovers after rivalries appear in ECB with regards to QE Greenback gained at least 3.8% versus all 16 major peers in last 3 months Asian currencies head for 6th weekly … Continue reading

Categories: Market Commentary.


Dollar Bull Run Set to Continue

Sterling slide against greenback eases Euro continues to look vulnerable versus majors Reserve Bank of Australia keeps rates on hold at 2.5% Aussie dollar falls to 3 week low vs pound as trade deficit widens

Categories: Market Commentary.


Safe Haven Currencies Lead the Way on Risk Aversion

ECB President Draghi’s press conference fails to give direction for euro Yen leads gains on Iraq strike plans Sterling dips versus euro as BoE leave interest rates Unchanged China posts surprise trade surplus to stem Aussie dollar slide

Categories: Market Commentary.


Dollar Reaches Strongest in Six Weeks against Majors

Growing optimism in US economy is fuelling rally in the dollar Speculators ramping up net short positions in the euro Hedge funds reduce their bullish bets on sterling Metalworkers return to work in S.A. but rand remains under pressure

Categories: Market Commentary.


Pound Closing in on 2 Year High vs Euro

Cable shakes off Goldman forecast as £/€ hits highest since Aug 2012 Goldmans brings forward forecast on US interest rates to rally dollar Euro continues to fall as IMF lowers forecast for French GDP numbers Kiwi weakens on lower house … Continue reading

Categories: Market Commentary.


Sterling at Highest Level vs Dollar Since Lehman Brothers Bankruptcy in 2008

Dollar down across the board as economic data points to slowing recovery Pound makes gains on euro and greenback Euro mixed as it looks to ECB rate decision later this week Norwegian Krone slips after weak retail sales figures released

Categories: Market Commentary.


Sterling Rallies as UK Consumer Confidence hits 9-Year High

Pound at 5 year highs versus dollar Support for sterling as UK consumer confidence at highest since 2002 Dollar hits 1 month low versus yen New Zealand dollar firms on stronger than expected exports

Categories: Market Commentary.


Sterling Continues to Impress Versus Majors

Pound off Friday’s high’s but holds key support levels ECB member says no FX target for euro Dollar still under pressure versus majors South African Rand recovers as miners agree to end 5 month strike

Categories: Market Commentary.


Sterling Continues to Impress Versus Euro

BoE’s McCafferty points to interest rate rise sooner rather than later Euro continues to slide as rival currencies buoyed by potential rate rises Dollar looks to retail sales numbers for next move Yen hits weakest level in 1 month versus … Continue reading

Categories: Market Commentary.


Sterling Halts Slide on Impressive Economic Data Release

Triple Boost for UK Chancellor as UK growth soars to support pound US dollar weakens as treasuries gain after GDP release Euro set for biggest monthly drop in 1 year against 9 major peers Aussie dollar climbs after report showed … Continue reading

Categories: Market Commentary.