Currencies Direct

Services PMI, Trump and French elections in focus, will GBP keep sliding?

Apr 05 2017 @ 04:29
The pound held losses against the euro and US dollar on Tuesday, with GBP/EUR fluctuating between €1.1700 and €1.1643 and GBP/USD ending the day at $1.2425. Although demand for higher-risk currencies faltered, the pound also dipped to a low of AU$1.6402 against the Australian dollar. Sterling did manage to hold its own against the New […]

Trump worries send GBP higher

Mar 28 2017 @ 04:46
The pound enjoyed a day of pretty solid gains at the start of the week, with the currency rising to an almost two-month high against the US dollar while recording its best level against the Canadian dollar since December. GBP/AUD also marched to its highest rate since February, although the pound’s gains against the euro […]

Strong UK retail sales pushes pound even higher

Mar 24 2017 @ 05:28
Strong retail data saw the pound jump higher against its major peers on Thursday. GBP/EUR hit a three week high of €1.1614 thanks to 0.5% gains, while GBP/USD rose to $1.2521; its best level in almost four weeks. Weakness in the Australian dollar allowed GBP/AUD exchange rates to charge 0.7% higher to A$1.6411 – the […]

Pound steady as Article 50 trigger date approaches

Mar 23 2017 @ 07:37
Although we’re now only six days away from the long-awaited activation of Article 50, the pound is proving resilient and its best levels of the week could be yet to come. Sterling edged slightly lower yesterday as excitement over the inflation surge eased. However, GBP largely returned to opening levels before the close of the […]

Pound hits best levels after UK inflation data

Mar 22 2017 @ 07:13
With the UK’s latest inflation figures exceeding forecasts on Tuesday, the pound skipped higher against all its major currency rivals. As well as hitting a ten-day high against the euro (of €1.1560) the pound achieved a three-week high of $1.2498 against the US dollar and struck C$1.6703 against the Canadian dollar – its best level […]

The Fed Chair Yellen’s speech on economic outlook

Mar 03 2017 @ 05:21
The market’s appetite for US dollars seems to be insatiable and influenced how all other currencies move. Sterling was no exception as dealers seem to back a second interest rise in the US. Lael Brainard, a rate-setter at the Fed and usually considered a dove hinted that a rate hike is “appropriate soon”, which in […]

Plan B for Article 50

Mar 02 2017 @ 07:02
Theresa May will be licking her wounds this morning, as the House of Lords voted against changes to Article 50 Bill. The same Bill had passed through the House of Commons with little restrain, which had been expected to happen this time also. Theresa May, may now need a plan B for triggering Article 50 […]

Anti-climax of Trump’s speech

Mar 01 2017 @ 04:28
This morning, the green back is slightly weaker on the pound as the markets have reacted to Donald Trump’s congress speech. This reaction was fairly limited and markets are instead focusing on significantly higher risks of a rate rise by the Fed at the 14-15 March meeting, especially after the comments from New York Fed […]

Trump’s address to Congress attracts market attention

Feb 28 2017 @ 05:16
Tonight Donald Trump will be addressing Congress and this will attract the attention of the markets, as previously Trump has promised to announce “something phenomenal” in relation to tax. Tonight we may find out some of the detail on the tax plans and this could lead to volatility in the USD. Looking further ahead it […]

Sterling regains modest ground against the majors

Feb 27 2017 @ 05:02
Last week, Sterling fought to regain some fairly modest ground against the majors whereas; political uncertainties in the Eurozone thanks to upcoming elections and Trump’s fiscal policies severely damaged the euro and dollar respectively. Markets haven’t completely forgotten about Brexit though as it looks like Sterling could take an impact this week due to the […]
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