Market news
Market News
09/03/2010
David Lamb, Head of Treasury Services
Not a good month for sterling as it came under heavy pressure across the board, losing 8 cents (or 5%) on the US dollar and almost 4 cents (or 3.3%) against the euro.
Emigration Market News
09/03/2010
By David Lamb, Head of Treasury Services
The latest maket news for Australia, Canada and New Zealand by David Lamb, Head of Treasury Services.
Emigration Market News
03/02/2010
David Lamb, Head of Treasury Services
The latest market news for Australia, New Zealand and Canada from David Lamb, Head of Treasury Services.
Market News
03/02/2010
David Lamb, Head of Treasury Services
In a similar vein to December, the pound began the new decade with mixed results against the dollar and euro.
Emigration Market News
13/01/2010
David Lamb, Head of Treasury Services
The latest Emigration market news with David Lamb, Head of Treasury Services
Market News
13/01/2010
David Lamb, Head of Treasury Services
December proved to be a mixed month for sterling as it gained over 3 cents (3%) on the euro but slipped almost 3 cents (1.7%) against a strengthening dollar.
Emigration market news
07/12/2009
David Lamb, Head of Treasury Services
The latest market news for Australia, New Zealand and Canada.
Market News
07/12/2009
David Lamb, Head of Treasury Services
Sterling ended last month vying with the US dollar for the dubious accolade of the weakest G10 currency. In the end, £-usd closed the month virtually unchanged with the pound a paltry 0.25% stronger but losses against other major trading partners were more notable.
Market News
03/11/2009
David Lamb, Head of Treasury Services
Central bank policy, real and perceived, was yet again at the forefront of activity in FX markets last month.
Emigration Market News
03/11/2009
Head of Treasury, David Lamb
Market news covering Australia, New Zealand and Canada by Head of Treasury Services, David Lamb.
Market News - 05/10/09
05/10/2009
Head of Treasury, David Lamb
Data through September was once again mixed with slightly more encouraging housing data from several sources, improvements in both industrial and manufacturing production, the service sector PMI continuing to expand and the highest reading in the Nationwide Consumer Confidence Index since July last year providing the good news.
Emigration Market News 05/10/09
05/10/2009
Head of Treasury, David Lamb
Upto date market news for Australia, New Zealand and Canada.
Market News - 02/09/2009
02/09/2009
Head of Treasury Services, David Lamb
Another month of mixed data for the UK but markets were far from indecisive as investors chose to focus on the negative aspects of the UK economy.
Emigrate Market News - 02/09/09
02/09/2009
Head of Treasury, David Lamb
Emigration market news affecting Australia, New Zealand and Canada by Head of Treasury services, David Lamb
Market News
05/08/2009
Head of Treasury Services, David Lamb
The UK has produced some very mixed data over the last month, pointing to increased uncertainty and ensuring the path for sterling is likely to remain clouded.
Emigration Market News
05/08/2009
By Head of Treasury Services, David Lamb
Emigration market news affecting Australia, New Zealand and Canada by Head of Treasury services, David Lamb
Weekly Market Comment - 11th June 2009
11/06/2009
Sterling firm as think-tank predicts an end to the recession
Sterling has continued to benefit from a combination of dollar weakness and further signs of improving economic indicators in the UK.
Market News
09/06/2009
Pound gains against dollar and euro
Sterling has been generally positive over the past couple of months with only the Australian dollar of the ‘major’ currencies faring better.
Australian Dollar update 9th June 2009
09/06/2009
Dollar retains yield advantage
The Australian dollar has been an outperformer over the last few months as an improvement in investor risk appetite has helped underpin higher yielding assets.
New Zealand dollar update 9th June 2009
09/06/2009
Interest rates still at record low
Despite an upgrade the outlook on New Zealand's credit rating to stable from negative by ratings agency Standard and Poor’s at the end of last month, the NZ$ has failed to extend the sharp gains seen against sterling back in March.
Canadian dollar update 9th June 2009
09/06/2009
More rates cuts for Bank of Canada
The Bank of Canada cut rates by a further 25bp in April bring the total level of cuts to 4.25% since December 2007 and 2.75% since last October’s global crisis. Rates are now unlikely to change until around the end of the second quarter of next year. The Bank also warned that further appreciation in the C$ would offset improving financial conditions and prolong recession.
Weekly Market Comment - 4th June 2009
04/06/2009
Sterling slips from highs as immediate dollar freefall averted
A timely visit to Asia by US Treasury Secretary Tim Geithner has, at least for now, put a floor under the recent sharp dollar decline. Many were beginning to accept a dollar collapse could be imminent with Treasury yields rising amid fears of longer term inflation.
Weekly Market Comment - 28th May 2009
28/05/2009
Sterling shines despite UK outlook warning
Despite the recent warning from Standard and Poor’s ratings agency over the outlook for the UK’s AAA credit rating, the pound has risen to its highest level in almost seven months against the US dollar and to within a whisker of this year’s high against the euro.
Weekly Market Comment - 21st May 2009
21/05/2009
Sterling Soars
Sterling has hit its highest level of the year against a basket of currencies today pushed higher by a strong rally against the Euro and a broadly weaker dollar.
Weekly Market Comment - 14th May 09
14/05/2009
Sterling slides from close to year highs against the dollar
The pound has spent the last three full days trading above the psychological $1.50 level but has succumbed to selling pressure from both a fundamental and technical perspective.
Weekly Market Comment - 7th May 2009
07/05/2009
Sterling firm ahead of Bank of England
The pound posted net monthly gains in April of just over 3% against both the US dollar and euro and has extended these gains over the first week of trading this month.
Weekly Market Comment - 30th Apr 2009
30/04/2009
Increase in risk appetite hurts US Dollar
A sharp increase in investor risk appetite over the last 48 hours has hit typical safe haven currencies like the US dollar and Japanese yen while riskier commodity based currencies (Australian and Canadian dollars) have benefited most. Sterling has been mixed in this environment, falling against the aforementioned commodity currencies but posting strong gains against the dollar and yen.
Weekly Market Comment - 23rd Apr 2009
23/04/2009
Sterling softer but stable post budget
Sterling weakened across the board in the immediate aftermath of yesterday’s budget but is currently trading off its lows. An over optimistic growth outlook for next year, almost instantly contradicted by the IMF, and an increase in gilt issuance to fund government borrowing were the main factors behind a 1.5% fall against both the US dollar and euro early yesterday afternoon.
Sterling starting to gain ground
08/04/2009
Mixed fortune for the pound
Sterling has had decidedly mixed fortunes over the last month or so. The pound fell sharply against the euro from February highs of 1.1575 to 1.0550 in the middle of last month and has thus far only managed to recover around 50% of these losses. In contrast, the fall against the dollar from 1.4975 in February to 1.3660 last month has now been all but fully retraced.
Australian Dollar update 7th April 2009
07/04/2009
Mixed news from down under
Mixed financial news from Australia over the last few weeks but the fact that investors view the economy as more stable and less exposed to financial markets than the UK, US or Eurozone has seen the A$ push back towards 12 year highs against sterling. At one stage last week, sterling was over 10% lower against the dollar from end January levels.
New Zealand dollar update 7th April 2009
07/04/2009
Sharp trades through March for NZ Dollar
The New Zealand dollar has traded sharply higher throughout March as investor risk appetite returned. Despite continuing weak data releases, most notably slowing growth and manufacturing activity together with poor retail sales, the local currency has benefited from improving consumer sentiment.
Canadian dollar update 7th April 2009
07/04/2009
Bank of Canada continue to cut rates
The Bank of Canada has been gradually cutting rates since December 2007 and could potentially ease again this month to 0.25% and/or move towards quantitative easing in line with its US neighbour. Also, falling construction and a slump in car production has seen the Canadian economy shrink for six consecutive months to January.
Sterling jumps on CPI data
13/05/2008
Sterling has jumped following the release of the CPI data this morning. Markets expectations of a small rise to 2.6% were well short of the 3% actual figure. The data further highlights the difficulties ahead for the bank of England as they juggle inflation with a slowdown in growth. £-usd up to 1.9575 from 1.9510 pre data with £-eur at 1.2620 from 1.2575.
Xchange Business to unify with sister company No1 Currency
11/04/2008
No1 Currency for all your currency needs
No1 Currency, the foreign currency specialist, with 225 high street bureaux de change outlets throughout the UK, are bringing their Xchange Business brand that specialises in worldwide currency transfers, under the one identity as part of a multi-facetted re-positioning of the company’s overall business strategy.
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Latest Bulletin
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