Latest Articles by John Cameron

The POUND STERLING started the day off on a firm footing, but has subsequently leaked support. This morning’s revised UK GDP data for Q1 confirmed the Office of National Statistic’s initial growth estimates for the first three months of this year were accurate. This left investors to concentrate on this week’s Sterling-negative UK...

This morning’s session, from the perspective of the Pound Sterling, at least, is likely to be dominated by the release of a raft of price data which may alter investors’ perspective on the future direction of the Bank of England’s monetary policy. The key headline figure to look out for comes in the form of April’s annualised Consumer...

A light schedule of data releases in the global economy have made for limited price action in the currency markets so far today. Perhaps the major driver amongst the investment community at the moment is the ongoing situation in Syria, where evidence has emerged within the past few days that the ruling Assad regimes has apparently used...

The US Dollar continued its near-term renaissance during yesterday’s session in the currency markets, gaining ground against virtually all of the sixteen most actively traded currencies. The Greenback started the day on the front foot thanks to reports in the States that the US Federal Reserve had formulated a road map which would see it...

The Bank of England’s monetary policy committee opted against any further loosening of the UK’s monetary policy earlier today and the POUND STERLING registered respectable gains against the majority of the other sixteen most actively traded global currencies as a consequence. With this morning’s British Industrial and Manufacturing...

The POUND STERLING has put in a relatively weak performance o the day, losing ground against almost all of the sixteen most-actively traded currencies with the exception of the Australian and New Zealand Dollars. The positive effect of Friday’s encouraging UK Services sector PMI survey appears to have worn off, leaving investors to fret...

Trading volumes in the UK were extremely light during yesterday’s session thanks to the May Day Bank Holiday. However, it was ‘business as usual’ across Asia and large parts of Europe, triggering pronounced price action for many of the sixteen most-actively traded currencies. Market participants spent the early part of yesterday’s...

The POUND STERLING has outperformed all of the other sixteen most-actively traded global currencies so far during today’s session, thanks to this morning’s Q1 UK GDP data which revealed that economic activity in Britain rose by a higher than anticipated 0.3% during the first three months of this year. However, this morning’s comments...

Yesterday’s news that the UK is set to launch a legal challenge to the controversial European Financial Tax (FTT) has ensured that the POUND STERLING has remained under selling pressure today. Tomorrow morning’s UK Public Sector Net Borrowing figures are unlikely to prove positive for the Pound. Sterling is expected to trade on a NEUTRAL...

The POUND STERLING has been held back on the day by another disappointing UK data release. This time it was March’s Retail Sales figures which hurt the Pound, sending the GBP EUR exchange rate down to as low as 1.1660 earlier. With no further British tier one data releases penned in for the remainder of the week, Sterling could now suffer...