Infinity International Moraira
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facebook.comSo far so good this week for the Pound! After the last two weeks of weakness we have finally seen some strength for the Pound against both the U.S Dollar and the Euro. We have seen exchange rates move up around 2% since last week which is a sizeable difference! The reason for the strength firstly came from recent opinion polls for the EU Referendum showing that the "In" camp were ahead, and as we know, staying in = stability which keeps the markets happy! Bank Of England Governor Mark Carney also spoke on Tuesday and pointed out that if the UK remains in Europe then the UK should see an interest rate hike in early 2017, which again was fantastic news for the markets. All eyes are now on the ECB (European Central Bank) on Thursday afternoon; Last time the ECB had an interest rate decision we saw the GBPEUR exchange rate move by around 3% within a couple of minutes- and we are expecting another volatile meeting! Though we are not expecting the ECB to change their interest rates or increase any monetary policy, we are expecting Mario Draghi to move the markets during his press conference at 13:30. "Brexit" seems to be a world concern at the moment and as this would affect Europe just as much as the UK, we are expecting Draghi to comment on his thoughts and possible outcomes he believe would happen if this were to happen. Moving forward I should point out that the Pound is going to be very volatile leading up to this referendum, and though we will have times of strength (as we are now) we will also have times of weakness. When the markets are in this state it is best to have your costs in place and to make sure you are protecting yourself against any volatility on the market.
Good morning, An overnight rally in oil has given a boost to currencies that are linked to commodity economies. The Pound is improving in line with EU referendum polls saying that the remain camp is making advances. Later today the ECB has a policy meeting followed by a closely watched press conference. GBPEUR 1.2710 GBPUSD 1.4355 EURUSD 1.1295 Brent Crude $45.95 ↑$2.80 Gold $1,259 ↑$4 Wednesday close FTSE 100 6,410 unc Dow Jones 18,096 ↑0.25% Have a good day,
Good morning, Currency markets are waiting for what the ECB has to say at its meeting tomorrow. GBPEUR 1.2650 GBPUSD 1.4375 EURUSD 1.1365 Brent crude $43.15 ↓$0.10 Gold $1,255 ↑$17 Tuesday close FTSE 100 6,405 ↑0.8% Dow Jones 18,053 ↑0.3% Have a good day
Good morning, A strike in Kuwait has helped buoy oil prices and helped risk sentiment. GBPEUR 1.2645 GBPUSD 1.4330 EURUSD 1.1335 Brent crude $43.25 ↑$1.80 Gold $1,238 unc Monday close FTSE 100 6,353 ↑0.15% Dow Jones 18,004 ↑0.60% Have a good day,
Good morning, There was no agreement to reduce global oil supply after an oil exporters meeting this weekend. The Brexit Remain Campaign got a boost from Treasury figures explaining how the economy will be 6% smaller by 2030 if the UK voted to leave. GBPEUR 1.2550 GBPUSD 1.4165 EURUSD 1,1285 Brent Crude $41.45 ↓$2.50 Gold $1,238 ↑$6 Friday close FTSE 100 6,344 ↓0.30% Dow Jones 17,897 ↓0.20% Have a good week, Kind regards Glenn
Good morning, Improved risk sentiment overnight and the higher yield has helped the US Dollar make solid gains. GBPEUR 1.2550 GBPUSD 1.4120 EURUSD 1.1255 Brent Crude $43.50 ↓$0.50 Gold $1,234 ↓$16 Wednesday close FTSE 100 6,363 ↑2% Dow Jones 17,908 ↑1% Have a good day
Infinity International Moraira
Good morning, China released better than expected trade figures this morning. The US Dollar reversed its recent weak trend. GBPEUR 1.2540 GBPUSD 1.4230 EURUSD 1.1345 Brent Crude $44 ↑$3.75 Gold $1,250 ↓$6 Tuesday close FTSE 100 6,242 ↑0.70% Dow Jones 17,721 ↑0.90% Have a good day
Good morning, GBPEUR 1.2490 GBPUSD 1.4260 EURUSD 1.1415 Brent Crude $40.25 ↓$1.60 Gold $1,256 ↑$6 Monday close FTSE 100 6,200 unc Dow Jones 17,556 ↓0.20% Have a good day
Good morning, GBPEUR 1.2365 GBPUSD 1.4125 EURUSD 1.1425 Brent Crude $41.85 ↑$1.75 Gold $1,250 ↑$12 Friday close FTSE 100 6,204 ↑1.10% Dow Jones 17,577 ↑0.20% Have a good week
Good morning, GBPEUR 1.2375 GBPUSD 1.4075 EURUSD 1.1375 Brent Crude $40.10 unc Gold $1,238 ↑$11 Thursday close FTSE 100 6,137 ↓0.40% Dow Jones 17,542 ↓1% Have a good weekend
Good morning, Last night the minutes of the last US Fed meeting were released showing that the next rise in interest rates would probably not happen before June. The British Pound drops further as worries persist about Brexit vote. GBPEUR 1.2380 GBPUSD 1.4120 EURUSD 1.1405 Brent Crude $40.10 ↑$1.60 Gold $1,227 ↓$3 Wednesday close FTSE 100 6,161 ↑1.20% Dow Jones 17,716 ↑0.60% Have a good day