• Where next for Sterling?

    Theresa May’s announcement made a few weeks ago that there will be a snap general election caused the Pound to hit a 5 month high to buy Euros with Sterling.

  • Sterling hits 2 month low vs the Euro

    The data released for UK GDP first quarter showed a decreased figure of 2% vs the expectation of 2.1% which caused a fall for Sterling against all major currencies during yesterday morning’s trading session.

  • Will US GDP data strengthen the Dollar vs the Pound?

    US GDP figures to be released at 1:30pm this afternoon, the expectation is that a rate of 2.2% will be announced, which would be seen as good news for the US.

  • Chinese debt problems and the issue for the Australian Dollar

    Last year, the Chinese economy grew by 6.7% to 6.9% in 2015, which was the slowest growth seen in the last 26 years.

  • Two weeks until the UK General Election

    With the General Election only two weeks away uncertainty is starting to affect the Pound. According to a Financial Times poll the Conservatives are currently leading with 46%, compared to Labour’s 33%.

  • ECB Financial Stability report released

    Some of the Euro gains caused by the UK terror threat were reversed after the President of the European Central Bank, Mario Draghi’s speech in which he delivered the Financial Stability report.

  • FED expect to keep interest rates on hold in June

    The Federal Open Market Committee minutes from the Federal Reserve meeting were released yesterday.

  • Bank of Canada keep rates on hold at 0.5%

    The interest rate remains unchanged at 0.5% after the announcement from The Bank of Canada yesterday.

  • Pound Sterling ends yesterday on a high

    During late afternoon yesterday the Pound started to regain some lost ground, with the GBP/EUR rate rising from the low 1.15’s to just below 1.16. This trend has continued this morning with the Pound at 1.16 against the Euro.

  • Euro update: A tale of two nations

    With the political scene calming throughout the Eurozone and the economy starting to improve, Mario Draghi’s speech today is expected to be slightly more bullish in tone.

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