Central Bank Activity and Speculation Drives AUD, EUR, USD, CAD

Pound Sterling Pound Sterling is currently on a high thanks to the performance of recent economic data. Indices charting the growth of the manufacturing, construction and services sector all strongly bettered forecasts. While the construction industry remained marginally in contraction, the manufacturing and services sectors both surprised markets by posting growth in August. Tomorrow’s data …

US Dollar Unsettles Markets as All Eyes Turn to Jackson Hole Symposium

US Dollar Poor US inflation data unsettled the markets last week, causing the US Dollar to fall. The ‘Greenback’ strengthened during yesterday’s session, however, boosted by comments from the Federal Reserve’s Vice-President that inflation was near to the Fed’s target, regardless of the recent poor performance. All eyes are now fixed on Friday, when Fed …

Pound Close to Post-Brexit Lows Despite Uptick in Inflation

Pound Sterling After plummeting in the wake of the Bank of England’s (BoE) rate cut, the Pound extended declines over the course of last week as concerns about the easing measures deployed by the central bank and less-than-impressive domestic data took a toll. This week Sterling has recorded new multi-year lows against peers like the …

Pound Remains Weak after Strong Bank of England Stimulus Measures

Pound Sterling Last Thursday’s Bank of England (BoE) monetary policy meeting caused a significant drop in the Pound from which it has been unable to recover. Markets were expecting interest rates to be cut, but the BoE went much further than that. They also upped stimulus measures by a total of £170 billion, including £100 …

RBA Cuts Rates, BoE Expected to Take Action, Fed Unlikely to Tighten in 2016

Pound Sterling Investors have been relieved by today’s UK construction PMI for July, which only showed a marginal acceleration in the rate of contraction. Markets had expected a more severe downturn, although the fact that the new score of 45.9 represented the fastest sector contraction since the height of the financial crisis has kept appetite …

Data Ignored as UK Enters Referendum Week

Pound Sterling Recovers under Tragic Circumstances Trader fears of a ‘Brexit’ have fallen over the past few days, although the motivation behind this rise in confidence was nothing to celebrate. On Thursday Labour MP Jo Cox was shot and stabbed multiple times, sadly dying from her injuries shortly after the attack. Referendum campaigning was suspended …

‘Brexit’ Fears Grip the World, GBP Leads the Fall

Pound Sterling Slumps as Referendum Grows Increasingly Bitter Pound Sterling has been firmly in the grip of referendum developments over the past week. Multiple polls have shown that the ‘Leave’ campaign has a significant lead, with markets reacting bearishly to the building odds of a ‘Brexit’. The rift in the Tory party has deepened, with …