Daily FX Commentary

16 September 2014 - Pound lower on Scottish independence uncertainty

By Jake Trask
United States Dollar: All eyes continue to focus on Thursday Scottish independence referendum with the vote expected to bring a narrow victory for the No campaign. The pound cont... read more

15 September 2014 - Scottish vote remains in focus as GBP opens a touch firmer

By Alex Edwards
United States Dollar: The USD strengthened on Friday, largely a result of better than expected US economic data; Retail Sales printed at 0.6% vs. an expected 0.3%, Prelim UoM Con... read more

12 September 2014 - Pounds recovery continues on latest Scottish referendum opinion poll

By Jake Trask
United States Dollar: The pounds recovery has continued over the past 24 hours as another opinion poll put the No campaign (against independence) ahead in the lead up to next Thu... read more

11 September 2014 - Sterling recovers after latest Scottish independence opinion poll

By Jake Trask
United States Dollar: Sterling strengthened across the board yesterday evening as the latest opinion poll put the Better Together camp in the run up to the Scottish independence ... read more

10 September 2014 - Markets await UK Inflation Report Hearings

By Jake Trask
United States Dollar: Bank of England Governor Mark Carney spoke yesterday at the Trade Union Congress in Liverpool where he hinted that UK rates were due to rise in early 2015. ... read more

09 September 2014 - Sterling sell-off continues on Scottish referendum uncertainty

By Jake Trask
United States Dollar: Sterling’s sell-off has continued over the past 24 hours with GBP/USD dropping to its lowest level since November 2013. Cable touched a low of 1.6067 ... read more

08 September 2014 - Sterling dives on Scottish referendum opinion poll

By Jake Trask
United States Dollar: Sterling has fallen this morning on the back of a report in yesterday’s Sunday Times which shows that the Yes vote for Scottish independence has taken... read more

05 September 2014 - Euro smacked lower after ECB announce surprise series of policy measures

By Alex Edwards
United States Dollar: GBP/USD has broken down through resistance at 1.64 over the last 24 hours. The Scottish independence vote is weighing on the pound but there are other fact... read more

04 September 2014 - All eyes on ECB as inflation concerns continue

By Alex Edwards
United States Dollar: UK Services PMI printed better than market expectations on Wednesday morning and it was another positive reading hot off of the heals of strong Construction... read more

03 September 2014 - GBP suffers as YouGov poll shows growing support for Scottish independence

By Alex Edwards
United States Dollar: The pound kept on falling yesterday. Despite a solid UK Construction PMI reading which printed at 64.0 vs. expectations for 61.5, GBP/USD fell from 1.6571 ... read more

02 September 2014 - GBP/USD settles lower ahead of Construction PMI

By Alex Edwards
United States Dollar: It was an interesting start to the week yesterday as GBP bounced higher. It was led higher by healthy sales in EUR/GBP. UK Manufacturing PMI was then rele... read more

01 September 2014 - Pound bounces across the board in whippy conditions

By Alex Edwards
United States Dollar: GBP/USD drifted lower on Friday although it did spike to a high of 1.6610 as the London session finished. It eventually fell to a low of 1.6564 very late o... read more

28 August 2014 - Dollar slips ahead of key US economic data

By Alex Edwards
United States Dollar: Month end buying of GBP/USD saw the pair climb to a high of 1.6602 yesterday. There wasn’t any economic data to disrupt the move higher, either from ... read more

27 August 2014 - NZD bounces on positive news from Fonterra

By Alex Edwards
United States Dollar: The US dollar strengthened yesterday after U.S. durable goods data jumped in July. Demand for these goods rose by 22.6% from the previous month and was the... read more

26 August 2014 - Euro sinks as Draghi vows to do more on inflation

By Alex Edwards
United States Dollar: It was a public holiday in the UK yesterday so trading in GBP/USD was fairly muted. The dollar did weaken on Friday afternoon though following Fed Chair Ye... read more

22 August 2014 - Dollar settles lower ahead of key speech by Yellen

By Alex Edwards
United States Dollar: It’s been a volatile week this week for the pound but a bit of calm was restored yesterday. GBP/USD traded a fairly narrow range between 1.6575 and 1... read more

21 August 2014 - Volatility at last as MPC and Fed minutes play their part

By Alex Edwards
United States Dollar: The pound recovered on Wednesday morning after MPC minutes showed that 2 members voted for a rise in UK interest rates at the last monetary policy meeting. ... read more

20 August 2014 - EUR/USD close to one year lows as dollar bids prevail ahead of FOMC minutes

By Alex Edwards
United States Dollar: GBP/USD slumped to 1.6602 overnight, this following the release of weaker than expected UK CPI inflation data yesterday morning. The index dropped from 1.9... read more

19 August 2014 - Weak UK inflation data sees pound gap lower

By Alex Edwards
United States Dollar: Ongoing geopolitical tensions in the Middle East and Ukraine continue to dominate the headlines and the uncertainty is hurting risk sentiment. The dollar h... read more

18 August 2014 - Pound strengthens after Carney comments

By Jake Trask
United States Dollar: Friday saw the release of the second estimate of UK Q2 GDP with the quarterly reading unchanged from the preliminary reading of 0.8%. The annual reading was... read more

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