Tag Archives: pound sterling

03.03.15

Euro Stops Rot After Better than Expected Economic Data

Sterling struggles despite strong manufacturing PMI numbers Eurozone CPI, Unemployment rate improves and German data impresses Aussie dollar surges after RBA keep interest rates unchanged at 2.25% Swiss franc retreats on SNB intervention speculation

Categories: Market Commentary.

24.02.15

Greece Scrambles to Keep Deal Alive

Sterling soars against majors Euro slides as Greece delays sending reforms to eurozone till today Fed’s Yellen could send U.S. dollar higher Oil prices continue to fall, pushing Brent under $60 a barrel

Categories: Market Commentary.

17.02.15

Eurogroup Gives Greece Only Few Days to Sign Extension

Sterling mixed as rise seen vs euro but cable falters on risk appetite woes Euro slides as Greece talks fail Dollar takes back losses made earlier in week as risk appetite fades Aussie dollar finds support as RBA Minutes suggest … Continue reading

Categories: Market Commentary.

05.02.15

Euro Remains Weak after ECB Steps on Greece

Sterling recovers vs dollar and continues to push higher vs euro Euro falls after ECB statement on Greek gov’t bonds as collateral Dollar remains bid against both sterling and euro on risk averse sentiment Swiss government warns stronger franc will … Continue reading

Categories: Market Commentary.

05.12.14

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.

04.11.14

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.

08.08.14

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.

29.07.14

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.

07.07.14

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.

01.07.14

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.