Currency Predictions

Two European data releases have dominated price action in the currency markets so far today. The latest headline UK inflation figure lead the way in the early part of the session, providing a fair wind for the Pound. The May Consumer Price Index figure revealed that rate of British price increases jumped from 2.4% in April to 2.7% last month....

A quiet start to the week for the POUND STERLING is likely to end tomorrow morning when the latest set of UK CPI inflation figures are published. Analysts are anticipating a slight rise in the annualised figure; if this comes to pass, then given the slightly firmer tone of recent British data releases thoughts of an extension to QE by the...

The Pound received a boon earlier today when a detailed survey of the British housing sector revealed that the average sale price of properties in England and Wales reached £233,061 during April. This was the highest recorded reading for the figure, meaning that Britain’s housing market appears to have recovered from the credit crisis...

The European Central Bank monthly report, published earlier this morning, had a broadly neutral effect on the EURO. However, the closely-monitored release sent out a confident message regarding price pressures in the eurozone, stating that inflation in the region remains firmly under control. The statement leaves the door open for a further...

This morning’s session brought the latest in a string of positive data releases emanating from the UK economy. The Office of National Statistics published figures at 0930hrs BST this morning which revealed that the overall level of UK unemployment had dipped by a total of 5,000 during the three months leading up to the end of April....

The Bank of Japan’s gung-ho attitude towards its monetary policy during the past nine months has had a considerable effect on the relative levels of the Japanese Yen as well as several of the other sixteen most-actively traded global currencies. Last night’s Asian session re-enforced the important role which the Bank of Japan plays in...

The POUND STERLING ended last week’s session on a steady footing. A light week for UK data releases this week ensures that tomorrow afternoon’s NIESR quarterly GDP growth estimate for the three months to the end of May takes on added significance. Investors holding Sterling-denominated assets will be looking for a figure of close to or...

Market participants’ focus this afternoon was on this month’s edition of the US Non-Farm Payroll data, but in the end it was another North American data release which stole the show. This afternoon brought the publication of May’s Canadian Unemployment data. Market participants had relatively low expectations for the print, with the...

The POUND STERLING has performed reasonably on the day following the Bank of England’s announcement that, as expected, it was maintaining its current monetary policy stance. This morning’s Halifax House Price survey showed that UK property prices increased by a better than expected 2.6% during the three months to the end of May. The...

There have been several significant risk events of note in the global markets during the past 24hrs. Australia led the way with the release of its latest GDP growth figures during last night’s Asian session and they did not make pleasant reading for investors holding Australian Dollar-denominated assets. The data showed that activity levels...

Two European data releases have dominated price action in the currency markets so far today. The latest headline UK inflation figure lead the way in the early part of the session, providing a fair wind for the Pound. The May Consumer Price Index figure revealed that rate of British price increases jumped from 2.4% in April to 2.7% last month....

A quiet start to the week for the POUND STERLING is likely to end tomorrow morning when the latest set of UK CPI inflation figures are published. Analysts are anticipating a slight rise in the annualised figure; if this comes to pass, then given the slightly firmer tone of recent British data releases thoughts of an extension to QE by the...

The Pound received a boon earlier today when a detailed survey of the British housing sector revealed that the average sale price of properties in England and Wales reached £233,061 during April. This was the highest recorded reading for the figure, meaning that Britain’s housing market appears to have recovered from the credit crisis...

The European Central Bank monthly report, published earlier this morning, had a broadly neutral effect on the EURO. However, the closely-monitored release sent out a confident message regarding price pressures in the eurozone, stating that inflation in the region remains firmly under control. The statement leaves the door open for a further...

This morning’s session brought the latest in a string of positive data releases emanating from the UK economy. The Office of National Statistics published figures at 0930hrs BST this morning which revealed that the overall level of UK unemployment had dipped by a total of 5,000 during the three months leading up to the end of April....

The Bank of Japan’s gung-ho attitude towards its monetary policy during the past nine months has had a considerable effect on the relative levels of the Japanese Yen as well as several of the other sixteen most-actively traded global currencies. Last night’s Asian session re-enforced the important role which the Bank of Japan plays in...

The POUND STERLING ended last week’s session on a steady footing. A light week for UK data releases this week ensures that tomorrow afternoon’s NIESR quarterly GDP growth estimate for the three months to the end of May takes on added significance. Investors holding Sterling-denominated assets will be looking for a figure of close to or...

Market participants’ focus this afternoon was on this month’s edition of the US Non-Farm Payroll data, but in the end it was another North American data release which stole the show. This afternoon brought the publication of May’s Canadian Unemployment data. Market participants had relatively low expectations for the print, with the...

The POUND STERLING has performed reasonably on the day following the Bank of England’s announcement that, as expected, it was maintaining its current monetary policy stance. This morning’s Halifax House Price survey showed that UK property prices increased by a better than expected 2.6% during the three months to the end of May. The...

There have been several significant risk events of note in the global markets during the past 24hrs. Australia led the way with the release of its latest GDP growth figures during last night’s Asian session and they did not make pleasant reading for investors holding Australian Dollar-denominated assets. The data showed that activity levels...