The Greenback took a hit this week from two sides as it fell against major trading currencies no thanks to two news releases that had a negative impact on the US Dollar. Firstly, the latest release of inflation figures projects a 0.2% rise in inflation, which is down from the figure of 0.5% regis
The Pound once again caught a break this week after the optimistic statement by the UK’s Chancellor. The nearly battered currency strengthened against the Dollar, which unfortunately was subjected to another mild economic hit no thanks to the latest in a long list of power-play moves by the
Despite the lack of immediate domestic data, the Pound Sterling rose against the rest of the world’s heavily traded currency in the wake of Phillip Hammond; Chancellor of the Exchequer’s spring statement. The spring statement suggested that the days of austerity brought about in respon
According to forecasts by Australia and New Zealand Banking Group (ANZ), the pound could see a double-digit growth against the Australian Dollar before the end of the year. Despite the news, Britain’s currency continues to be the scapegoat of Brexit negotiations which will influence periods
Thursday 22nd of February saw the US Dollar hit a 10 day high in response to minutes from the US Federal Reserve January meeting. The result of the meeting saw policy makers showing confidence in the economic outlook for 2018. The US Dollar which is measured against six other major currencies cli
In 2017, Bitcoin was the rage as the cryptocurrency’s value shot up in bounds and leaps. As its value went up, not only did more people become interested in what Bitcoin actually was, they also became interested in owning Bitcoins of their own which suddenly made the digital currency a viabl
According to Reaz Rahman a Senior Dealer at Currencies Direct the pound was left flat against the euro and slumping versus the US dollar on Friday after the latest UK retail sales figures disappointed. Data covering January showed that sales including petrol increased just 0.1% month-on-month, co
Halo Financial a leading foreign exchange brokerage and specialist foreign exchange service provider released it's Euro Research report Strong economy doesn’t translate to a strong Euro While the economic results for the Eurozone appear to be largely positive – beating forecast
Halo Financial Foreign Currency Review and Technical research reports show since the flash crash, Sterling-Euro stabilised around 1.10, forming a strong base before staging a massive correction of 9 cents since the start of November. Sterling-Euro struggled to close above the 200 day moving averag
Big news from India as a dramtic announcement made on Trumps victory day sends clear message to terrorists, and corrupt orgnaistaions. Prime Minister Narendra Modi is removing the 500 and 1,000 rupee notes, worth about $8 and $15, to fight corruption and terrorism-related “black money&r
