Yearly Archives: 2015

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February could mark a return to normal for forex market

2 February, 2015

Robin Haynes

January was one of the most eventful months for many years for foreign currency rates; looking forward to February, we might expect a more ‘normal’ month ahead for exchange rates…

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Euro strength amidst poor data – are the tables turning

30 January, 2015

Matthew Boyle

Yesterday was a strange day on the market, and many might say we are now seeing the Euro turn the corner following this month’s major releases.

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Markets focus on US interest rates

29 January, 2015

Rob Bastin

Wednesday provided a particularly quiet UK trading session with no major data releases to help or hinder sterling exchange rates. The Euro had another good start to the day following its recent extensive losses and saw small gains against the pound and USD following better than expected Gfk Consumer Confidence figures for Germany with results up to 9.3 from 9 last month. GBP/EUR rates failed to breach the previous day’s high for the 3rd day in a row signalling that the current rally to this 7 year high has now seemingly reached its short term peak.

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GDP Missed The Mark But Sterling Leads The Way

28 January, 2015

Simon Eastman

Surprisingly yesterday the pound managed to continue its run of positive sentiment as it marched on against a host of major currencies despite the key GDP growth figures missing analyst forecasts.

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Stage set for Eurozone Ding Dong

27 January, 2015

Robin Haynes

In the aftermath of Syriza’s victory in the Greek elections, the stakeholders in the tussle for the Eurozone’s future started to set out their stalls yesterday. German ministers were quick to confirm that Greece must still meet its debt repayment requirements, a spokesman saying that Greece must “take measures so that the economic recovery continues”, while the Finnish prime minister is against writing off any debt, and Jeroen Dijsselbloem, president of the Eurogroup, said yesterday that “there is very little support for a write-off in Europe.”

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Euro takes further hits following Greek elections

26 January, 2015

Tom Arnold

The Pound reached levels against the Euro not seen for seven years and the Dollar pushed even further and reached eleven year highs.

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Currency volatility discussed on Radio 4s Money Box Programme

24 January, 2015

Tom Arnold

Today’s episode of Radio 4’s Money Box programme included a segment on the recent volatility in exchange rates.

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Euro Rates improve again as Draghi announces QE

23 January, 2015

Robin Haynes

The Euro’s drop in price continued yesterday with the European Central Bank announcing its much anticipated Quantitative Easing (QE) program at their January press conference. The Bank’s President, Mario Draghi, announced €60bn of money would be injected every month from March until at least September 2016 – more than the €50bn which was rumoured on Wednesday. That’s a total of €1.1tn of ‘new’ money to be distributed via bond purchases to central banks and, hopefully, into ailing Eurozone economies.

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Central Bankers Rule The Week

22 January, 2015

Simon Eastman

Wednesday was much anticipated as the start of the weeks eco stats having been a fairly quiet start to the week which included a public holiday stateside to celebrate Martin Luther King day.

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Quiet ahead of the storm – Markets nervous ahead of big data

21 January, 2015

Matthew Boyle

Yesterday was quite a strange day for trading as we saw GBP>EUR strength amidst positive Euro data. German ZEW economic data predicted to show a growth from 34.9 to 40.00 which came in at 48.4 whilst the ZEW survey for the Eurozone again predicted to grow to 37.6 from 31.8 which also surpassed expectations showing growth to 45.2. Despite these bits of positive data the pound throughout the day’s trading stole around a cent.

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