Latest Articles by Frank Davies

Less Dovish BOC Commentary Limits Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Support A lack of dovishness from Bank of Canada (BOC) Governor Stephen Poloz helped to keep the Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate under pressure. As Poloz’s latest speech failed to drop any hints that the BOC is likely to...

Underwhelming UK Retail Data Limits Pound Sterling US Dollar (GBP/USD) Exchange Rate Upside October’s UK retail sales data failed to impress investors, leaving the Pound Sterling to US Dollar (GBP/USD) exchange rate on a weaker footing. As sales excluding auto fuel unexpectedly contracted -0.2% on the month this undermined confidence...

Disappointing UK Inflation Sees Pound Sterling US Dollar (GBP/USD) Exchange Rate Struggle A weaker-than-expected UK consumer price index kept the Pound Sterling to US Dollar (GBP/USD) exchange rate on a softer footing on Wednesday. While forecasts had pointed towards an easing in the headline inflation rate investors were still...

As the University of Michigan (UoM) consumer sentiment index showed a modest improvement on the month the Pound Sterling to US Dollar (GBP/USD) exchange rate shed further ground. With US consumer sentiment proving resilient in the face of ongoing trade tensions with China and the EU the risk of weaker economic growth appeared to...

Divided Bank of England Rate Vote Dents Pound Sterling US Dollar (GBP/USD) Exchange Rate A split in the Bank of England’s (BoE) latest interest rate decision caught markets off guard, leaving the Pound Sterling to US Dollar (GBP/USD) exchange rate on the back foot. Investors had anticipated another unanimous decision to leave interest...

Despite some weak Australian retail sales data at the beginning of the week, Australian Dollar investors were relieved by a fairly neutral tone from the Reserve Bank of Australia (RBA) today, knocking the British Pound to Australian Dollar (GBP/AUD) exchange rate down as the ‘Aussie’ advanced. The Pound’s movement has remained volatile...

Despite concerns over the next steps of the Brexit process, with a UK general election expected in the coming months, the British Pound to Canadian Dollar (GBP/CAD) exchange rate advanced slightly yesterday. The latest UK political uncertainties doused market risk-sentiment and dampened demand for the trade-correlated Canadian Dollar as...

Boris Johnson’s Election Push Drives Down Pound Sterling South African Rand (GBP/ZAR) Exchange Rate The latest comments from Boris Johnson saw the Pound Sterling to South African Rand (GBP/ZAR) exchange rate slump sharply ahead of the weekend. After threatening to pull the Brexit withdrawal agreement if Labour did not approve his...

Contracting Eurozone Manufacturing Sector Keeps Euro US Dollar (EUR/USD) Exchange Rate on Back Foot As the German and Eurozone manufacturing sectors remained trapped in contraction territory the Euro to US Dollar (EUR/USD) exchange rate shed fresh ground. Investors were particularly concerned by the latest signs of weakness from the...

Despite a lack of strong support for the South African Rand, a combination of trade sentiment and Brexit developments left the British Pound to South African Rand (GBP/ZAR) exchange rate much weaker this afternoon. Fresh speculation that the UK government’s Brexit plans could be blocked and lead to a relatively long Brexit delay, as well as...