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Yesterday’s Monetary Policy Committee minutes were delivered and there is some subtext to the overall tone that is certainly worth examining. The vote to hold interest rates steady at 0.5% was unanimous. However, the minutes did reflect that two of the nine policymakers stayed ‘finely balanced’ on their decision to…
Yesterday’s GBP trading was still indicative of a slowdown in momentum, with a very range-bound day against the USD and the EUR. However, some significant moves did happen outside of the London trading session as analysts and investors jostled for position in forecasting the outcome of the UK Inflation data…
After building some positive pressure on the US Dollar during the majority of the week last week, the Pound has opened this morning selling off slightly. The GBP/EUR has continued to move very slowly downward and this has been the same story as we open today as well. So, overall…
Yesterday ECB Chief, Mario Draghi praised the early success he views as being attributable to the European Central Bank Quantitative Easing Programme. Much of his focus was on reiterating that the lengthy period of instability for both firms and households meant they were very hesitant to take on economic risk….
Yesterday the Pound had a rollercoaster ride against both the USD and the EUR and headed in completely different directions in both. Let’s take a really close look today at the big market mover for the Pound, the UK Inflation report. This, really, can provide a good gauge into forecasting…
Yesterday, the GBP broke fresh higher ground against the USD to make new highs of 2015. There are a lot of factors at play at the moment and, pleasingly, there are a great deal of UK positive elements to the scenario. In the Mediterranean, however, I can but imagine the…
I remember when I was a young man, I used to attempt to curry favour with my parents when I knew I was in trouble by tidying my room or completing some other chore I knew they would like me to do…before they found out about ‘the other thing’. Could…
Well, that was quite a day for movements in the currency market as the UK election result really surprised analysts by having a clear winner, rather than the need for a coalition of some kind. Friday showed continued movement for the GBP against the EUR and the USD as it…
With the Greek instalment of their payback ahead of schedule, the EUR has really gained a lot of traction against the Pound, but also against the USD. The UK has so much going on internally that could really move the value of our currency over the coming weeks. As things…
Friday’s trading was a fairly hasty retreat of the recent (brief) pick up in strength of the Great British Pound. As we saw, last week’s failure of the GBP against the USD to effectively test the higher levels of February then saw a very fast turnaround to push all the…