The Pound took a bit of a battering yesterdayWed, 22 May 2013 08:46:50Headlines • UK inflation at 7-month low - CPI falls to 2.4% in April. • Bundesbank predict solid German growth - Italian PM warns against EU implosion. • GBP/USD hits 7-week low – on BoE easing fears. • RBA remain cautious - RBA Minutes show nothing new. Sterling The Pound took a bit of a [...]
The Rand has come under sustained selling pressure over the past seven daysTue, 21 May 2013 13:15:13Foreign Currency Market Update – GBP / ZAR Update The Rand has come under sustained selling pressure over the past seven days, sending the Pound to South African Rand exchange rate up to its highest level since March 2009 earlier today. The pair spiked to 14.5753 this morning, easily eclipsing its existing 50-month high of [...]
Britain’s benchmark FTSE 100 share index closed at its highest level since the year 2000 yesterdayTue, 21 May 2013 08:43:18Headlines • FTSE 100 closes at 13-year high – Central Bank stimulus drives investors into stocks. • Italian Industrial Output shrinks - GBP/EUR falls. • Profit-taking boosts GBP vs. USD – Canadian Dollar declines -0.3 cents. • RBA remain cautious – RBA Minutes show nothing new. Sterling Britain’s benchmark FTSE 100 share index closed [...]
Sterling weakened by a further -1.6 cents against the US DollarMon, 20 May 2013 15:00:34Foreign Currency Market Update – GBP / USD Update Sterling weakened by a further -1.6 cents against the US Dollar last week as calls for a reduction to the pace of the Federal Reserve’s QE3 programme allowed the US Dollar to maintain its bullish bias against the Pound. GBP/USD declined by around -0.7 cents to [...]
The Pound registered healthy gains against the Canadian DollarMon, 20 May 2013 14:55:18Foreign Currency Market Update – GBP / CAD Update The Pound registered healthy gains against the Canadian Dollar during last week’s session, sending the GBP CAD exchange rate up to its highest level for two weeks just before Friday’s New York open. The Canadian tender remained under consistent pressure throughout the past seven days as [...]