Articles Archive for April 2016
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The pound Sterling has rebounded from the near 2-year lows we witnessed at the start of the month, gaining nearly four cents as the build up to the referendum continues to sway the currency markets.
Brexit, Currencies, French News »
Sterling surprised the markets on Tuesday as it strengthened on most of its counterparts, despite thin data throughout the European session
Brexit, Currencies, French News »
The pound for now is relatively calm but implied volatility for June is extremely high, showing the potential for big swings in the run up to, and post, June 23.
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Yesterday the Bank of England unanimously decided to keep interest rates on hold for another month, keeping the figure at 0.5% for over 7 years
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The pound fell further across the board yesterday, as it continued to fight an uphill battle against the impact of a possible Brexit. Whilst uncertainty about the outcome of the vote still lingers the pound is struggling to find support, and continues to move lower. We can expect further volatility as we approach closer to the date.
At the end of 2014 we witnessed huge volatility ahead of the Scottish referendum polls and, to a lesser extent, the same scenario played out in the lead up to the general elections last …
Currencies, French News »
Currency markets were fairly steady on Monday as much of the session was spent deciphering Friday’s US jobs data. With a positive figure coming out from the NFP, USD strengthened on Friday afternoon. The euphoria on the dollar didn’t carry on into this week however, as the pound bit back yesterday morning on the back of UK construction data and the dollar not being overly strong at the moment.
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Article by Callum McGrouther, Corporate Dealer, Currencies Direct.
* Information courtesy of …
Currencies, French News »
A new week has begun however the pound has picked up where it left off at the end of last week by continuing its rapid demise against the euro.
A combination of factors has resulted in the euro now trading at it’s highest level in 22 months against the pound.
Fear and uncertainty over a possible ‘Brexit’ continues to weigh on Sterling, whilst the euro has recently gained strength due to the increased flow of money into the Eurozone as part of the stimulus package introduced by the European Central Bank.
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