Pound Australian Dollar forecast page 7 - GBP USD

One issue dominates the thoughts of investors in the foreign currency market at the moment – the proposed bailout for Cyprus. News has emerged within the past 24hrs that the terms of the miniscule Island state’s emergency funding package are to be re-negotiated following widespread public outrage amongst the nation’s population at the...

With no major UK data releases penned in for the remainder of the week, investors may well pick another target to downsell, following the POUND STERLING’s recent tame performance in the markets. Next week more than makes up for the blank data schedule at the end of this week, and Sterling is expected to trade on a NEUTRAL TO NEGATIVE...

The major market-moving risk events during the overnight session came from the Antipodes in the form of the latest Reserve Bank of New Zealand (RBNZ) policy decision and the publication of last month’s Australian unemployment data. As per analysts’ expectations, the RBNZ opted to maintain New Zealand’s domestic interest rate at...

Friday afternoon’s US Non-Farm Payroll data for last month showed that almost a quarter of a million workers had been added to the American payroll. Analysts had been expecting a print of only 165,000. The release triggered a lurch in risk sentiment which precipitated significant movement for the world’s major currency pairs. Investors...

Friday’s session brought significant price action for more than one Sterling-based currency pair following the release of labour market data in the world’s largest economy which thrashed market expectations. The final session of the week brought the publication of last month’s Non-Farm Payrolls data in the USA and the closely-watched...

Last night’s Chinese Trade Balance data made for interesting reading for investors holding an array of different currencies. The import / export numbers from the world’s second-largest economy painted a decidedly mixed picture. On the debit side, last month’s Chinese import figures showed a marked drop-off in comparison with...

The Bank of England chose to maintain its current policy stance yesterday and the POUND STERLING registered short term gains as a knee-jerk reaction. The decision against further Quantitative Easing came as a relief, but within hours investors were shifting out of Sterling-denominated assets thanks to fears over levels of governmental debt...

The newswires during this morning’s session have been buzzing with analysts’ reactions to two differing sets of Q4 Gross Domestic Product figures. Australia lead the way during overnight Asian trading, and investors holding the ‘Aussie’ liked what the official GDP data showed – economic activity in the go-ahead Antipodean economy...

The Pound is not the only asset to have endured a torrid start to 2013 – crude oil has also come under sustained selling pressure since the turn of the year, sending the price of a barrel of Brent crude down to it lowest level of 2013 during Monday’s session. The wholesale oil price had dipped by over 7% in the last five weeks, hinting at...

Yesterday’s session threw up an interesting juxtaposition for investors holding euros – just as news broke that the tiny Baltic nation of Latvia had applied to adopt the euro, it emerged that the eurogoroup of Finance Ministers are holding meetings in Brussels aimed at providing a potential €17bn bail-out for the tiny Mediterranean...