Latest Articles by Frank Davies

Despite the Reserve Bank of New Zealand’s (RBNZ) shockingly deep interest rate cut yesterday, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has given up a good chunk of its weekly gains. Investors continue to sell the Pound on deepening uncertainties in Brexit and UK politics, while the New Zealand Dollar has rebounded...

Following months of controversy and a recently unveiled government bailout program for South Africa’s embattled energy firm Eskom, the company’s latest financials were published today and helped to keep pressure on the British Pound to South African Rand (GBP/ZAR) exchange rate following yesterday’s board plummet. Sterling remains...

Rising Risk of No-Deal Brexit Drives Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Lower As market anxiety over the prospect of a potential no-deal Brexit intensified the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate remained under pressure. With both candidates in the Conservative leadership contest pledging...

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Slips as UK Productivity Disappoints Ahead of the weekend the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate remained on the back foot thanks to another weak quarter of UK labour productivity. As productivity contracted -0.2% on the year in the first quarter of 2019...

Disappointing UK Borrowing Figures Dent Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate May’s UK public sector net borrowing data helped to drive the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate down ahead of the weekend. As borrowing clocked in at 5.1 billion, roughly a billion higher than forecast, this left...

Pound Sterling US Dollar (GBP/USD) Exchange Rate Falters in Spite of Falling US Inflation The weaker-than-expected nature of May’s US consumer price index data failed to prevent the Pound Sterling to US Dollar (GBP/USD) exchange rate from trending lower. Although the inflation rate’s miss raises the odds of the Federal Reserve...

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Strengths as UK Unemployment Maintains 44-Year Low A steady showing from April’s UK unemployment rate helped the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate recover further ground on Tuesday. As unemployment remained at a 44-year low of 3.8% this gave investors...

UK Construction Sector Contraction Fails to Drag Down Pound Sterling US Dollar (GBP/USD) Exchange Rate A surprise contraction in the UK construction PMI was not enough to keep the Pound Sterling to US Dollar (GBP/USD) exchange rate on a downtrend for long on Tuesday. Although weakening business confidence saw a decline in workload...

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Shrugs Off Theresa May’s Resignation The Pound Sterling to Australian Dollar (GBP/AUD) exchange rate saw little reaction as Theresa May announced her resignation as leader of the Conservative Party and named a departure date. With May set to vacate her post on the 7th of June...

Increasing Pressure on Theresa May Pulls Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Lower An increasing sense of political turmoil in the UK saw the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate come under fresh pressure as the odds of a no-deal Brexit increased. However, as Theresa May made efforts to eke...