UK labour market conditions are strong and inflationary pressures are heating up, a combination that has seen markets get excited about the prospect of a rate hike from the Bank of England (BoE), potentially before the year is out. As seen in the chart below from Capital Economics, the implied […]
Have you ever participated in an exit interview from a job, or delivered a leaving speech, and regretted not telling your work colleges a few home truths in fear of “burning your bridges” in the future? I’m sure there’s a few nodding heads right now. No one can accuse Kristin […]
The British pound has been hammered in early Asian trade on Monday, dropping to its lowest level against the US dollar since the “flash crash” of early October last year. Here’s the daily chart: The move followed a series of newspaper reports over the weekend that suggested Theresa May will […]
The British pound rallied overnight — something it hasn’t done much recently. Helped by a ruling from the British High Court that the UK Parliament must vote on triggering Article 50 of the European Treaty to pave the way for Brexit, along with a hotter-than expected economic data and an […]
There’s nothing like a bit of political and economic uncertainty to spark a selloff in the British pound, as shown in the chart below from Goldman Sachs. It’s the UK uncertainty index, a construct of economists Scott Baker, Nick Bloom and Steven Davis, that goes back 100 years. Goldman has […]
After days of relentless selling, the British pound has finally found its footing in Asia, jumping more than one per cent against the US dollar. The catalyst for the rebound, modest in comparison to the carnage seen in recent days, has come from the news that UK prime minister, Theresa […]
The British pound fell out of bed in Asia on Friday, plummeting 10% in a matter of minutes to a fresh 31-year low against the US dollar. It’s been the talk of markets ever since, stealing the limelight from what is usually the centre of attention on the first Friday […]
After months of speculation as to whether or not it would eventuate following the June 23 referendum, the United Kingdom now looks certain to trigger Article 50 of the Lisbon treaty by the end of March 2017, paving the way for an exit from the European Union within two years. […]
It’s time to buy the British pound against the US dollar, known in markets as Cable, or, alternatively, Stirling. That’s the view of Richard Grace, chief currency strategist at the Commonwealth Bank, who in a note out today writes that the pound looks set to benefit from short covering and […]
It’s going to be ages until we see rate hikes in Europe, at least based on current market expectations. A very long time. Take the chart below, supplied by ANZ, as a prime example. It shows the number of months until the Bank of England (BOE) and European Central Bank […]
The British pound is getting a touch up in Asia, plummeting to a fresh 31-year low against the US dollar. As at 12.20pm in Sydney, the GBP/USD currently trades at 1.2844, down 1.34% for the session. It briefly fell to as low as 1.2801 before bouncing in recent trade. It’s […]
By a slim majority, some 51.9% of those who participated, voters in the United Kingdom have opted to leave the European Union. Perhaps caught up in the extreme volatility that gripped financial markets in recent days, some have mistakenly formed the view that the UK has now actually left the […]
The GBP/USD, or “cable” as it is nicknamed, has been the proverbial whipping boy for financial markets in recent days. In the wake of last Thursday’s UK referendum, and subsequent decision of 51.9% of voters to leave the European Union, it has been absolutely clobbered, tanking by close to 13% […]
The British pound is tumbling again at the start of trade in Asia, unwinding much of the recovery seen in the latter parts of Friday’s session. As at 10am AEST, GBP/USD buys 1.3438, having traded down to as low as 1.3369 earlier in the session. It is currently down by […]
The British pound is now down 9% for the session. It briefly hit 1.3466, more than 15 big figures below the session highs. Brexit is looking increasingly likely.
Only a tiny amount of overall votes have been counted but “leave” is marginally ahead in the UK’s EU referendum at the time of writing. As a result markets are in a tizzy, and the betting odds of a “Brexit” are increasing. They currently stand at 30%, having been below […]
The British pound has just fallen off a cliff, falling close to 3% from its earlier session highs. At at 9.20am AEST, the GBP/USD trades at 1.4553, down 2.18% from Thursday’s close. The plunge coincides with a resounding victory for the “leave” campaign in Sunderland in the EU referendum. Here’s […]
