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GBPWe are likely to see some movement in the Pound ahead of today’s Bank of England (BoE) meeting and the all important minutes, released shortly after the meeting. Whilst any change in interest rates is extremely unlikely, currently 0.75%, the market will be looking to see if other central banks…

This morning, Sterling remains at two month highs versus Euro with inter-bank mid rates trading around 1.1820. Versus the US dollar, Sterling also remains solid in the 1.55/1.56 range. The most significant changes seen over night are on the Aussie Dollar with AUD strengthening to below 1.7100 against GBP –…

This morning has seen GBP/EUR back above 1.1800. In spite of broadly positive news from Eurozone data yesterday, EUR proved unable to recover ground lost against Sterling. The British pound broadly strengthened in response to strong UK manufacturing and housing figures, and is being further supported by market expectations that…

  Huge week ahead with 5 central bank rate decisions:     Tuesday – Reserve Bank of Australia (RBA) – Australia – Expected to remain at 2.5%   Wednesday – Bank of Canada (BoC) – Canada – Expected to remain at 1%   Thursday – Bank of Japan (BoJ) –…

The Euro may continue to go lower still after hitting its weakest level in two weeks yesterday. This is largely down to inflation data coming through giving rise to speculation of a possible expansion of ECB stimulus. Market movements have been dependent on recovery data throughout the year but we…

Yesterday The Bank of England Governor, Mark Carney, failed to convince the market that the BoE will keep interest rates at all-time lows for the foreseeable future. In Carney’s first policy speech since he introduced forward guidance on August 7th, he sought to reaffirm the banks position that interest rates…

Carney speaks in Parliament today Mark Carney, New Governor of the Bank of England, will speak in British Parliament today to explain how monetary policy could improve the economy of the country. To some degree this is the reason that we have seen GBP fall from its recent peaks. Mr…

With no significant data releases for today the market is looking ahead to tomorrow’s UK Claimant Count Change. Released by the National Statistics, it presents the number of unemployed people in the UK and has a tendency to influence the GBP volatility. Generally speaking, a rise in this indicator has…

Friday’s unemployment data in the US was mostly disappointing, with the economy creating barely 169K new jobs. The unemployment rate decreased to 7.3%, the lowest level in several years but perhaps not enough for the market to see significant tapering in the US and hence USD remains on the back…

It was a busy day on the markets yesterday as we saw the monthly interest dates from the Eurozone and UK as well as various figures out of the US. In the UK, Mark Carney and the rest of the Bank of England team decided to keep the key benchmark…