Jan
5
GBP bouyant
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Risk on was the dominant theme on the first full trading day of the year in FX, with both Sterling and the Euro setting fresh highs in the wake of stronger than anticipated UK PMI manufacturing data, and hotter inflation readings from the Eurozone. Sterling rallied nearly two cents against the Dollar as risk appetite [...]
Sep
22
Exchange rate opportunities for Importers and Exporters
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Not to be considered advice but maybe food for thought…
Aug
19
Early morning good news for GBP
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With the decent news out for the UK this morning we should see a bit of a rally in the pound and hopefully reverse the losses from earlier in the week. With only the US jobless claims this afternoon it could prove to be a bit more of a positive day for the proud pound… read more
Jul
13
Negative ne
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The Pound stayed roughly range bound yesterday as news that Standard & Poor were keeping their negative watch on the UK’s AAA credit rating, was later countermanded by a stock market recovery…read more
Jun
21
Hold your breath until tomorrows budget
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All eyes in the UK will be on tomorrow’s budget, with the Chancellor promising the pain will be spread around, and also promising that the budget will be a long term strategy covering the life of the parliament…
Jun
15
GBP/EUR and GBP/USD hold steady
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The Pound gained some support from the OBR report, and has managed to keep above 1.47 into this morning. Sterling has also managed to make some modest gains against the single currency, pushing up towards 1.21 even as the Euro itself benefited from some decent economic data…read more
Jun
9
Pound faces defecit challenge
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Fitch has said that the UK faces ‘formidable’ challenges and needs a more ambitious plan to cut the deficit, and these comments dragged the Pound down to 1.4350 against the Dollar, and towards 1.2050 against the Euro. Listening to a representative of Fitch on the radio this morning, the statement was intending to say that there needed to be a more ambitious plan for the deficit compared to the last budget in April…read more
Jun
2
GBP/EUR up to 1.20 but is it fundementals that have taken it there?
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it may be that the large amount of currency moving through the markets has distorted the price somewhat and it may fall back to a more orderly pace, however the Pound has continued to edge upwards, albeit much more sedately and currently sits around 1.20, and 1.47 against the Euro and the Dollar respectively…read more
Jun
1
EUR falls further
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It’s been an eventful long weekend, with Spain’s credit downgrading, the first (but no doubt not the last) resignation from the coalition government…read more
May
27
GBP up as panic subsides
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For now the Pound seems to be holding onto it’s gains from the OECD optimism, and it is likely to manage to hold onto them throughout today…read more