London Morning FX Comentary March 1

by | Mar 1, 2018 | Uncategorized

British Pound (GBP) We warned here yesterday that “another tricky day lies ahead for the pound”. It did indeed have a very bad day on Wednesday; bottom of our one-day performance table by quite a margin, with losses ranging from -0.6% to -0.9% against the major...

Sydney Morning FX Commentary March 1

by | Feb 28, 2018 | Uncategorized

Australian Dollar (AUD) The Aussie Dollar has spent most of the last three days moving lower against the USD, although from Monday’s opening levels in Sydney it is up against both the EUR and GBP. The combination of a stronger USD, much lower gold prices and a pick-up...

London Morning FX Commentary February 28

by | Feb 28, 2018 | Uncategorized

British Pound (GBP) The GBP had another lurch lower on Tuesday morning as the implications of Opposition leader Jeremy Corbyn’s Brexit speech began to be more widely recognized. However, by the end of the European day, even though the GBP/USD rate was still down more...

Sydney Morning FX Commentary February 28

by | Feb 27, 2018 | Uncategorized

Australian Dollar (AUD) From Monday’s high of USD0.7885 – its highest since last Tuesday – the Aussie Dollar has spent the last 36 hours moving lower, with the move accelerating in North America on Tuesday on a combination of stronger USD, much lower gold prices...