Pound Sterling’s Further Uptrend Depends on the UK Consumer Spending
The British Pound gained a more solid footing before of the weekend as a Bank of England member cautioned that an interest rate hike may be necessary earlier than the street presently thinks, although advances might well be restricted due
Read MoreNew Zealand Dollar Strengthens On Hawkish Policy Statement By RBNZ
After the Reserve Bank of New Zealand startled the market with a ‘hawkish’ monetary policy statement, the New Zealand Dollar surged back into action on Wednesday, pushing GBP/NZD into a nosedive as it led the table of top currencies into
Read MoreUS Dollar Ends Week On a Stronger Note, but Euro is Expected to Catch Up Soon
The US dollar finished the week in condescending disregard of its skeptics Friday as currency exchange rates along with the US government bond returns, as a result of a barrage of economic jolts, and a few at the end-of-the-day drops
Read MoreNatWest – Pound to Lose Gains Against EUR, US Dollar in Third-Quarter
According to analysts at Natwest, the pound will maintain its momentum against the euro and the US dollar in the weeks ahead but the thrust is likely to evaporate in the second half of this year, giving an opportunity for
Read MoreNew Zealand Dollar Continues to Trade Near Six Week Highs
The kiwi dollar gained 0.09% to trade at 0.7185 on Friday morning, aided by risk on sentiment after fears of increasing inflationary pressure startled market participants earlier this week. Domestic 10-year rates hit 2-month high of 1.886%, while the US
Read MorePound Surges on Weak US Non-Farm Private Payroll Data
The US dollar declined sharply against its peers after data indicated that the country’s economy added far lesser jobs than consensus estimates for April. Specifically, the long-awaited non-farm payrolls (NFP) data reflected 266,000 job additions in April, far lower than
Read MorePound Signals Further Strengthening Against Major Currencies
The GBP/AUD pair has begun its uptrend and the scenario could remain bullish in the days and weeks ahead as the comparative central bank policy outlook calls for Sterling’s better performance against the Aussie. The pound rallied against several major
Read MoreJapanese Yen Strengthens Amid Likely ‘Short Squeeze’
The yen eclipsed other top currencies Tuesday following the monetary policy meeting by the Bank of Japan (BoJ) and against the backdrop of rising demand for safe-haven assets, even though there is a room to appreciate again in the forthcoming
Read More
