• Syrian tensions rattling markets further

    The threat of a combined attack on Syria is creating some safe-haven plays again on top of all the other trade related fragility.

    GBPUSD failed on another attempt on 1.4200 yesterday evening and has now retreated again as GBPJPY selling adds to the downward pressure. The threat of UK supporting military action takes a bit of gloss of its recent preferred status.Support now growing around 1.4100 though while EURGBP finds itself tightly bound but still holding 0.8700 (GBPEUR 1.1495). Overall the Pound has suffered a few losses but jury remains out.

    EURUSD has fallen to post 1.2331 after failing to break through 1.2400 while USDJPY once again remains under pressure around 107.00 but holding 106.50.USDCHF has seen another spike this morning to post 0.9627 with the SNB still very much in the frame weakening the Franc to temper safe-haven demand with EURCHF underpinned too.

    AUD, NZD and CAD have all had mixed time of it all in amid the turnarounds in risk sentiments.

    Fragile trading conditions prevailing still so get your orders in to take full advantage.

    Have a good day out there one and all

    Interbank Rates 09.45 BST

    GBPUSD 1.4146

    EURUSD 1.2333

    EURGBP 0.8715

    GBPEUR 1.1474

    USDJPY 106.95

    USDCAD 1.2610

    USDCHF 0.9621

    GBPAUD 1.8290

    GBPCAD 1.7849

    GBPCHF 1.3620

    GBPZAR 17.0165

    GBPHKD 10.9744

    EURHKD 9.5646

    GBPSGD 1.8568

    Read more...

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  • General USD supply prevailing as global tensions continue

    US Dollar sellers have been out in force again with trade and Syrian tensions increasing.

    GBPUSD has now been up to 1.4224 this morning but currently retreating after some soggy UK trade and production data. Support growing around 1.4150 now though as EURGBP finds itself on the back foot still but again holding 0.8700 (GBPEUR 1.1495). Overall the Pound has made a few gains but sellers never too far away.

    EURUSD has rallied further to post 1.2388 but failing to break through 1.2400 while USDJPY once again remains under pressure around 107.00.USDCHF saw a sharp spike this morning to test 0.9600 with the SNB very much in the frame weakening the Franc to temper safe-haven demand with EURCHF climbing to 1.1881 too.

    Aussie $, NZS and Canadian $ have all posted further gains taking advantage of the softer US$ tones.

    Fragile trading conditions prevailing still so get your orders in to take full advantage.

    Have a good day out there one and all

    Interbank Rates 09.50 BST

    GBPUSD 1.4195

    EURUSD 1.2368

    EURGBP 0.8712

    GBPEUR 1.1477

    USDJPY 106.97

    USDCAD 1.2603

    USDCHF 0.9578

    GBPAUD 1.8310

    GBPCAD 1.7891

    GBPCHF 1.3595

    GBPZAR 17.1125

    GBPHKD 11.0054

    EURHKD 9.5891

    GBPSGD 1.8574

    Read more...

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  • Pound still on the front foot helped by BOE comments

    All positive for the Pound still as softer tones around the US-China trade spat leads to GBPJPY demand with safe- haven Yen buying no longer featuring strongly as global equity prices rally too.

    GBPUSD has now been up to 1.4169 after BOE MPC member McCafferty this morning repeated his call for an interest rate hike, albeit a modest one, but sellers remain poised into 1.4200. Support growing around 1.4120 though as EURGBP finds itself on the back foot still and still testing 0.8700 (GBPEUR up to 1.1495). Overall the Pound has made a few gains but largely consolidating for the moment.

    EURUSD has held 1.2300 but failing to make progress above 1.2330 now while USDJPY has once again been back down to test 106.80 before rallying on those softer trade wat tones from China's Xi. USDCHF remains below 0.9600 on generally softer USD sentiment but with EURCHF still above 1.1750 and the SNB never too far away to weaken the Franc.

    Aussie $, NZS and Canadian $ have all posted a few gains on the softer USD/trade tone double-whammy.

    Fickle trading times still so get your orders in to take full advantage.

    Have a good day out there one and all

    Interbank Rates 08.50 BST

    GBPUSD 1.4155

    EURUSD 1.2325

    EURGBP 0.8703

    GBPEUR 1.1492

    USDJPY 107.02

    USDCAD 1.2693

    USDCHF 0.9557

    GBPAUD 1.8324

    GBPCAD 1.7970

    GBPCHF 1.3533

    GBPZAR 17.1622

    GBPHKD 10.9759

    EURHKD 9.5509

    GBPSGD 1.8556

    Read more...

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  • Pound feels some love amid trade war escalation

    It seems like it's the turn of the Pound to find a few buyers while the US-China trade spat reaction continues at pace with China in less than conciliatory mode.

    GBPUSD has been up to 1.4120 but sellers remain poised. Support growing around 1.4080 though as EURGBP finds itself on the back foot still and now testing 0.8700 (GBPEUR up to 1.1495). Overall the Pound has made some solid gains.

    EURUSD has held support lines around 1.2250 but failing to make progress above 1.2300 while USDJPY has now been back down to test 106.80 with Yen demand notable as the trade war rhetoric continues. USDCHF has fallen back through 0.9600 with safe-haven CHF demand in play but with EURCHF still above 1.1750 and the SNB never too far away to weaken the Franc.

    Aussie $, NZS have suffered a few losses again mainly versus the Yen but the Canadian $ has mostly held recent gains.

    Fickle trading times still so get your orders in to take full advantage.

    On Saturday the mighty Shrimpers of Southend United travelled to Blackburn and were a tad unlucky to lose 1-0 but now seems assured of a mid-table place ready to work on a new strategy next season.

    Have a good week out there one and all

    Interbank Rates 08.45 BST

    GBPUSD 1.4104

    EURUSD 1.2274

    EURGBP 0.8705

    GBPEUR 1.1485

    USDJPY 107.11

    USDCAD 1.2786

    USDCHF 0.9597

    GBPAUD 1.8385

    GBPCAD 1.8035

    GBPCHF 1.3534

    GBPHKD 10.9340

    EURHKD 9.5203

    GBPSGD 1.8527

    Read more...

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  • Greenback grabbing still the order of the day

    The US Dollar is still feeling some love as another week draws to a close.

    GBPUSD has been down to 1.3978 helped lower by some soggy UK services sector data and back up to 1.4020 but sellers remain poised. EURGBP still tightly bound between 0.8720-50(GBPEUR 1.1440-1.1415). Overall the Pound has suffered a few losses but still delicately poised.

    EURUSD has fallen further to post 1.2215 while USDJPY has now been up further to test 107.50 and then fall back to 107.00 as trade war rhetoric continues. USDCHF has remained underpinned above 0.9600 and posting 0.9644 with EURCHF also firm above 1.1750 still and the SNB never too far away to weaken the Franc.

    Aussie $, NZS have suffered a few losses again mainly versus USD but the Canadian $ has found a few buyers once again on increasing hopes of a positive NAFTA agreement.

    Fickle trading times still so get your orders in to take full advantage.

    Tomorrow the "What kind of team are we going to be today?" Shrimpers of Southend United travel to Blackburn hoping to carry some of Monday's scintillating first-half form with them.

    RIP Eric Bristow who sadly suffered a fatal heart attack yesterday aged just 60. The Crafty Cockney almost single-handedly put his sport on the bigger map. Not many can claim that in their own chosen field.

    Have a good week-end one and all

    Interbank Rates 08.45BST

    GBPUSD 1.3995

    EURUSD 1.2226

    EURGBP 0.8734

    GBPEUR 1.1447

    USDJPY 107.40

    USDCAD 1.2779

    USDCHF 0.9633

    GBPAUD 1.8231

    GBPCAD 1.7893

    GBPCHF 1.3487

    GBPHKD 10.8503

    EURHKD 9.4787

    GBPSGD 1.8459

    Read more...

    0 comments

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