The Bank of England’s Monetary Policy Committee announced today that they will be maintaining their current ultra-low interest rate of 0.50% through May and the Quantitative Easing target will remain at £325 billion. The decision should help the Pound to hold onto its recent gains in the currency exchange markets. The Pound to Euro exchange [...]
Read the rest of this entry »Archive for the ‘GBP Vs Aussie Dollar’ Category
Why the Bank of England left the Interest Rate and Quantitative Easing target unchanged
Thursday, May 10th, 2012UK Economy falls into double-dip recession during the beginning of 2012 | Strong Sterling currency forecasts put on hold | Pound exchange rate slides back down
Wednesday, April 25th, 2012Following the news that the UK economy contracted by -0.2% in the first 3 months of 2012, strong Sterling currency forecasts were halted and the Pound lost out to its major rivals, as investors were spooked by the headline of a double-dip recession – something not seen since the 1970’s. The Pound to Euro exchange [...]
Read the rest of this entry »Sterling Exchange Rate Forecasts Boosted By Strong Retail Sales
Friday, April 20th, 2012Strong Retail Sales figures have helped Sterling in its ascendency this week. UK Retail sales grew by the most in over a year in March as the unusually warm weather boosted clothing and gardening sales. The oil price hikes that gave rise to a series of petrol panic buys also contributed to the marked increase. [...]
Read the rest of this entry »Sterling / Euro / US Dollar Exchange Rate Update Forecast
Wednesday, April 18th, 201218 April 2012, Sterling Exchange Rate Update and Forecast The Pound to Euro exchange rate is currently trading at 1.2210 The Pound to US Dollar exchange rate is currently trading at 1.5984 The Pound to Australian Dollar exchange rate is currently trading at 1.5400 The Pound to New Zealand Dollar exchange rate is currently trading [...]
Read the rest of this entry »US Dollar Rallies as US Nonfarm Payrolls Up 227K | Sterling & the Euro Exchange Rates fade against Australian Dollar, New Zealand Dollar, Canadian Dollar, Indian Rupee & South African Rand
Friday, March 9th, 2012The US Dollar has soared across the board on the back of the prolific Nonfarm Payrolls. For the 17th consecutive month new people have been added to the payroll; private companies employed 233,000 new staff, while government organisations lost 6,000. The US Dollar Exchange Rate is trading almost a cent higher against the Pound Exchange [...]
Read the rest of this entry »Inflation worries for Australia
Wednesday, July 27th, 2011The latest consumer price index figures rose more than expected in the second quarter. The Aussie Dollar rose to a record high against the US Dollar amid speculation that the Central Bank will be forced to increase interest rates at the next meeting. The Aussie Dollar started today trading around 1.48 against Sterling. Gross Domestic [...]
Read the rest of this entry »Sterling Up Against Euro After Negativity From Trichet
Friday, June 10th, 2011The Pound managed to bounce back against the Euro on Thursday afternoon when Jean-Claude Trichet failed to comment on how the ECB would be raising rates in the coming months after the widely expected increase next month. Trichet used key wording such as “extreme vigilance” in his speech, which is a sure sign that a [...]
Read the rest of this entry »Sterling under selling pressure following weak data.
Friday, May 6th, 2011The UK Manufacturing Purchasing Managers Index fell to 54.6 – far less than the market expected. This still represents growth (anything above 50 shows expansion) however very weak growth. This has had a large affect on Sterling as the manufacturing sector has been the best performing sector since the UK came out of recession. In [...]
Read the rest of this entry »Sterling Suffers Huge Losses Against A Basket Of Currencies
Friday, March 25th, 2011Thursday saw the Pound shed its value against every major currency when news arose that Britain’s retail sales figures were revised down further than analysts had originally predicted. Investors began to sell the Pound at 09:30 when the retail sales figures were released showing a large decline from Januarys robust figure of 1.9% to the [...]
Read the rest of this entry »Sterling Plunges as Oil Prices Surge. Hawkish Comments from ECB Official
Thursday, February 24th, 2011Sterling plunged by almost 1% to its lowest level in three-weeks against the Euro today. Sterling also dropped by 1.3% against the Australian Dollar, 1.6% against the Japanese Yen and was generally down across the board. The catalyst for this is the concerns about rising oil prices and the impact they will have on the [...]
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