Posts Tagged ‘FX’

No.1 Currency acquires InterCash Bureau de Change

Monday, February 17th, 2014

No.1 Currency, a leading provider of retail foreign exchange in the UK, has today announced the acquisition of six InterCash Bureau de Change outlets. (more…)

Sterling Ended Last Week in a Positive Fashion

Monday, November 18th, 2013

By Carl Hasty, Director of Smart Currency Business

Will UK data support sterling’s recent strong performance? (more…)

Pound under attack again ahead of inflation data

Tuesday, February 12th, 2013

Mike Paterson’s Daily Forex Brief

Yesterday I suggested that the Pound was due for another potential slap after GBPUSD had failed to hold above 1.5800 and so it’s proved after a brief respite from its recent fall. (more…)

Euro slides again after US Trade Balance despite EU Budget agreement

Monday, February 11th, 2013

Mike Paterson’s Daily Forex Brief

I normally refer to the last day of the week as Frantic Friday and the last one didn’t let us down with some highly volatile trading and the Euro continuing to fall. (more…)

Euro falls after Draghi comments – Pound and Yen strengthen

Friday, February 8th, 2013

Mike Paterson’s Daily Forex Brief

Yesterday the BOE and ECB left interest rates and QE on hold as expected, but in the ECB press conference Draghi appeared not to rule out further monetary easing and traders took their cue to unload a few Euros. (more…)

Relative calm as traders await BOE & ECB decisions

Thursday, February 7th, 2013

Mike Paterson’s Daily Forex Brief

It’s been a quiet 24 hours as markets await today’s latest decisions on interest rates and QE from the BOE and ECB, but we can expect it all to kick off again soon enough. (more…)

Euro consolidates as the Pound, Yen and Aussie weaken further

Wednesday, February 6th, 2013

Mike Paterson’s Daily Forex Brief

The last 24 hours has seen another volatile day echoing the trend of recent weeks with the Euro consolidating gains and pressure mounting further on the Pound, Yen and Aussie dollar. (more…)

Euro dips then finds decent support in good two-way business

Tuesday, February 5th, 2013

Mike Paterson’s Daily Forex Brief

Yesterday saw a further retracement in the Euro continuing into Asia, but since then we’ve seen a decent recovery across the board. (more…)

Pound takes another hit in volatile trading

Monday, February 4th, 2013

Mike Paterson’s Daily Forex Brief

Chaos and mayhem ensued after Friday’s US jobs data despite the figures coming in close to expectation and we saw a blistering session which had traders chasing their tails as the Euro first dipped then rose to new highs, and the Pound just, well, dipped. (more…)

Euro rallies again as Yen sinks ever lower

Friday, February 1st, 2013

Mike Paterson’s Daily Forex Brief

After the consolidation comes the continuation of the trend, as is invariably the way, and we’ve now seen the Euro make further gains with the Yen under pressure once more. (more…)

Consolidation time as US leaves rates on hold citing economic “pause”

Thursday, January 31st, 2013

Mike Paterson’s Daily Forex Brief

Last night the US Fed left interest rates on hold but the accompanying statement from the FOMC left little for traders to trade off.

The essence of it was that the Fed are likely to stay in easing mode for a good while yet and this should continue to be generally bearish for the greenback. (more…)

It’s all kicking off again ahead of US GDP and FOMC later

Wednesday, January 30th, 2013

Mike Paterson’s Daily Forex Brief

After a lively day within contained ranges we’ve now seen a flurry of activity in Asia and early European trading ahead of US Q4 GDP and interest rate decision from the FOMC later today. (more…)