A largely uneventful day yesterday saw few major swings between the major currencies. The Main event of note was related to the Euro…read more

GBP knocked off its perch

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After a quiet Monday, yesterday was an eventful day on the currency markets, with (in the UK at least) various officials and commentators doing their best to make up for the relatively quiet data calendar…read more

Aside from the light data calendar, scant direction from equity markets saw most of the major currencies confined to recent ranges…read more

A bouyant day for GBP?

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Sterling rallied to a six-week high against the dollar on Friday as the U.S. currency came under broad selling pressure… read more

GBP finds some strength

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After a very poor start to the week, sterling has finally found some support which looks like it comes from weakness in the other currencies rather than actual pound strength … read more

EUR rally falters

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Sterling was hurt by the release of the MPC minutes yesterday which seemed to suggest that the possibility of them extending QE had increased…read more

Not to be considered advice but maybe food for thought…

Sterling was under pressure again yesterday following the UK’s borrowing figures for August which came in at more than 3bn than expected. GBP managed to climb slightly against the USD due to the Dollar weakness but this morning has fallen below 1.18 against the EUR, the lowest since July…read more

GBP falls

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Sterling was hit yesterday by new Bank of England data showing a slowdown in the UK recovery… read more

The USD may weaken further

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Looking forward to tomorrow and we have the US Fed decision which could shed some more light on the possibility of an extension of the US quantitative easing currently in place. If the QE measures are increased then this would hurt the already struggling USD… read more

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