Market news
Bank of England and ECB
08/09/2011
At today's policy meetings, both the Bank of England
SNB action sparks sharp chf depreciation
06/09/2011
The Swiss National Bank this morning set a minimum
First batch of data out
23/08/2011
Several data releases have already crossed the wires
Australian Dollar News - August
02/08/2011
Yet another 26-year low for £-aud last month although by the close of play, the pound had recovered to close the month only 1/3 of a cent below opening levels.
New Zealand Dollar News - August
02/08/2011
July saw the pound lose ground to the New Zealand dollar for the fifth successive month. The net loss of almost 7 cents left sterling 38 ½ cents or 17% off the Post earthquake high of 2.2520 seen in March.
Canadian Dollar News - August
02/08/2011
Central Bank Policy - August
02/08/2011
Yet again, no change from the Bank of England with interest rates held at the 0.5% historic low for the 28th consecutive month.
Data Releases Throughout July
02/08/2011
July was more of a mixed month for UK data but there remains a slant towards the weak side which has kept interest rate hike expectations in check.
EUR and USD News - August
02/08/2011
July saw sterling more or less recoup the June losses suffered against both the euro and U.S. dollar.
Canadian Dollar News - July
07/07/2011
Sterling lost just over 4 ½ cents to the Canadian dollar last month, its largest monthly loss since March last year.
New Zealand Dollar News - July
04/07/2011
The pound lost a further 6 cents to the New Zealand dollar in June bringing total net losses over the last four months to 22 ½ cents or 10.4% and pushing £-nzd to fresh post-float lows.
Australian Dollar News - July
04/07/2011
Central Bank Policy - July
04/07/2011
The Bank of England once more made no change to either interest rates or the asset purchase program (0.5% and £200bn respectively) but there has been a noticeable shift towards the dovish camp.
EUR and USD Currency News - July
04/07/2011
New Zealand Dollar News - June
07/06/2011
Canadian Dollar News - June
07/06/2011
Australian Dollar News - June
07/06/2011
Although sterling gained a little less than 2 cents on the Australian dollar in May, it was the first positive month since January and followed to a new 26-year low of 1.5045 in the first half of the month.
Central Bank Policy - June
07/06/2011
An overview of Central Bank policy over the past month by David Lamb, Head of Treasury Services at No1 Currency.
EUR and USD Currency Overview - June
07/06/2011
After falling to a 14-month low last month, £-eur recovered to post a modest 1 ½ cent (1.25%) gain. Meanwhile, after probing 16-mont highs against the dollar in both April and May, sterling lost a net 1.6%, or 2 ¾ cents, over the course of last month.
IMF Chief Forced To Step Down
07/06/2011
Proposed French Property Tax Not As Expensive As Some Fear
07/06/2011
The proposed new property tax for holiday homeowners in France may hit the rich but others may not feel the effect quite so much, according to French property experts.
Central Bank Policy - May
19/05/2011
Read more about Central Bank Policy, the main driver for currencies this year. David Lamb, Head of Treasury at No1 Currency gives a rundown of policies for the year to date.
IMF in disarray after Strauss-Kahn arrest
19/05/2011
The media spotlight has been firmly set on the International Monetary Fund (IMF) since the arrest of Dominique Strauss-Kahn over charges of sexual assault. Strauss-Kahn is being held in custody in the USA and the IMF has been thrown into disarray.
Australian dollar currency overview
19/05/2011
An overview of the Australian dollar since the start of January until May by David Lamb, Head of Treasury at No1 Currency. Read on to find out how the AUD's behaviour for the year to date.
New Zealand dollar currency overview
19/05/2011
A currency overview of the New Zealand dollar from January until May by David Lamb, Head of Treasury at No1 Currency. Read on to for the NZD's behaviour for the year to date.
Canadian dollar currency overview
19/05/2011
An overview of the Canadian dollar from January until May by David Lamb, Head of Treasury at No1 Currency. Read on for the CAD's behaviour for the year to date.
Currency market overview - May
17/05/2011
An overview of April - May's market news by David Lamb, Head of Treasury at No1 Currency
Currency Market News - March
15/03/2011
An overview of the euro and dollar currency markets in February and March by David Lamb, the Head of Treasury at No1 Currency.
Emigration Currency News - March
15/03/2011
An overview of the Australian, New Zealand and Canadian emigration currency markets in February and March by David Lamb, Head of Treasury at No1 Currency.
Currency Market News - January
02/03/2011
An overview of the currency market in January 2011 by David Lamb, Head of Treasury Services at No1 Currency.
Emigration Currency News - January
02/03/2011
An overview of emigration currency news in January 2011 by David Lamb, Head of Treasury Services at No1 Currency.
Market News
05/10/2010
September was a very mixed month for sterling as it took advantage of broad based dollar weakness
Market News
08/09/2010
David Lamb, Head of Treasury Services
Last month saw the pound consolidate recent gains against the euro, pulling back ¾ cent of July’s 2 cent decline but fared poorly against the dollar in losing over 3 ½ cents and closing 6 ½ cents off its month high.
Emigration Market News
08/09/2010
David Lamb, Head of Treasury Services
The latest market news for Australia, Canada and New Zealand from David Lamb, Head of Treasury Services.
Emigration Market News
05/08/2010
David Lamb, Head of Treasury
The latest emigration news for Australia, New Zealand and Canada from David Lamb, Head of Treasury.
Market News
05/08/2010
David Lamb, Head of Treasury
Another mixed month for sterling, making its strongest monthly net gain on the dollar since last May with close to 7 ½ cents put on over the month while a 2 cent loss against the euro halted a run of four consecutive monthly gains which had taken us to 19-month highs of 1.2395 in June.
Emigration Market News July
07/07/2010
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
07/07/2010
David Lamb, Head of Treasury Services
Sterling made headway against both the dollar and euro last month with a 4 ½ cent net gain (or 3.1%) on the dollar and 4 cent gain (3.4%) on the euro.
Emigration Market News June
02/06/2010
David Lamb, Head of Treasury Services
The latest emigration market news from Australia, New Zealand and Canada from David Lamb, Head of Treasury Services.
Market News June
02/06/2010
David Lamb, Head of Treasury Services
Mixed fortunes for sterling over the last couple of months with continued gains against the euro being offset by a slump against the US dollar. Last month saw general dollar strength push the pound lower by over 7 cents (4.8%) on the month while pressure on the euro allowed the pound to gain nearly 3 ½ cents (2.9%) in May.
Emigration Market News
14/04/2010
David Lamb, Head of Treasury Services
The latest market news for Australia, Newz Zealand and Canada by David Lamb, Head of Treasury Services.
Market News
14/04/2010
David Lamb, Head of Treasury Services
The latest market news on sterling from David Lamb, Head of Treasury Services at No1 Currency
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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