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  • Super User
    strengthened significantly Aside from this we can expect a fairly quiet session but one should be cautious at 1 15pm as the preliminary US employment figures will be released Following the rapid Cable decline over the past two weeks Dollar buyers may want to speak with their dealer to discuss the options available to hedge against a further decline GBP EUR 1 3482 GBP USD 1 5135 GBP CHF 1 4742 GBP JPY 181 85 GBP AUD 2 1622 GBP NZD 2 3722 GBP CAD 2 0321 GBP ZAR 21 053 GBP NOK 12 807 GBP SEK 12 684 EUR USD 1 1228 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 09 30 GBP Gross Domestic Product YoY Q2 2 6 2 6 10 00 EUR Unemployment Rate Aug 10 9 10 9 10 00 EUR Consumer Price Index YoY Sep 0 0 0 1 All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 29th September 2015 Governors Speech the key for Sterling 29 September 2015 Super User News 0 comment Governors Speech the key for Sterling As we approach both month and quarter end we have seen some slightly unexplained moves that are balancing out exchange rates Sterling has lost substantial ground over the last week or so but in fairness still stands at very reasonable levels against the majority of it major counterparts Some analysts have put these short term moves down to profit taking ahead of the end of this quarter with Sterling being sold off to balance many short positions in the Euro The focus for today will be on Bank of England Governor Mark Carney s speech later this evening to see if the ongoing topic of interest rate increases is mentioned yet again Sterling has been helped to some of its best levels of the last decade against the Euro on promises of interest rate rises in the UK so any deviation from this stance could prove damaging for Sterling The US still look on course to raise interest rates before the end of this year and this Friday s US Non Farm payroll data will be used as a key indicator to whether we are likely to see it materialise in October or November The US has pressure on both sides as to why they should and shouldn t raise interest rates However taking that out of the equation the US Federal Reserve must focus on the economic data and base their decision on what is best for the US economy GBP EUR 1 3501 GBP USD 1 3501 GBP CHF 1 4763 GBP JPY 181 80 GBP AUD 2 1765 GBP NZD 2 3954 GBP CAD 2 0357 GBP ZAR 21 3290 GBP NOK 12 9429 GBP SEK 12 8031 EUR USD 1 1247 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 09 30 GBP Net Lending to individuals MoM Aug 4 1Bn 3 9Bn 09 30 GBP Mortgage Approvals Aug 70 000 68 764 13 00 EUR Consumer Price Index YoY Sep 0 1 0 2 20 40 GBP BOE s Governor Carney Speech All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 28th September 2015 Interest ing Balance 28 September 2015 Super User News 0 comment Interest ing Balance Economists are stressing that larger economies may fall foul to secular stagnation whereby low interest rates put off potential investors required to drive recovery and stimulate growth With recent events in the global economy and China analysts have this week stressed the importance of investment to stimulate growth and are now also stressing that historically low levels of interest may be hindering our attractiveness to investors Some economists however are arguing that this will not affect the UK and in fact we will be in a much better position than others During the financial crisis investment in the UK fell by over 20 but UK firms have had 11 of GDP investment in the second quarter of this year suggesting a strong turn around The EU is forecast to return to 0 inflation on the back of low oil prices Mario Draghi did warn about this a few weeks ago saying it wouldn t shock him and the ECB have also done all they can to show that they are unconcerned Despite the lack of panic the ECB has revised its growth figures and some are arguing they may expand their QE programme to counteract the effects of lower inflation Despite a quiet week for fundamental data Thursday see s an ECB monetary policy meeting and Friday features the monthly Non Farm payroll figures from the US GBP EUR 1 3593 GBP USD 1 5204 GBP CHF 1 4894 GBP JPY 182 92 GBP AUD 2 1624 GBP NZD 2 3797 GBP CAD 2 0252 GBP ZAR 21 037 GBP NOK 13 001 GBP SEK 12 834 EUR USD 1 1181 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 12 30 USD Personal Spending Aug 0 3 0 3 14 00 USD Pending Home Sales MoM Aug 0 5 0 5 14 00 USD Pending Home Sales YoY Aug 7 2 All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange

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  • 22nd May 2014 - Aussie Slides After RBA Minutes as Euro Holds Losses on ECB Bets
    30 UK Core Consumer Price Index YoY Apr 1 8 1 6 09 30 UK Consumer Price Index YoY Apr 1 7 1 6 09 30 UK Producer Price Index Output Mom n s a Apr 0 2 0 2 00 50 JPN Producer Price Index Output YoY n s a Apr 0 7 0 5 All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Last updated 03 June 2014 Tagged under Australia RBA Euro ECB Central Markets Centralfx Sean Callow Westpac Banking Corp Daily News Super User 25 Apr 25th April 2016 Rate hike in June unlikely as Yellen emphasises downside risks Read more Super User 22 Apr 22nd April 2016 Retail sales report rekindles concerns over potential UK slowdown Read more Super User 21 Apr 21st April 2016 Dreary Draghi Due Read more Sign up to our newsletter Please complete all required fields Please tell us your name Please use only alpha numeric characters Please use only alpha numeric characters Your Email Please let us know your email address Business Personal Business Personal Invalid Input Please tell us a telephone number you can be contacted on Please use only numbers and hyphens Get in touch CentralFX 2 America Square London EC3N 2LU 44 0 207 265 7979 info centralfx co uk We trade currency here You can trade currencies too Why not try our currency calculator and use our currency chart and currency economic calculator Currency is everything here We trade currency here You can

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  • Super User
    Non Farm Friday to finish the week Today is all about the US Dollar with the release of both the Non Farm payroll data and the Unemployment Rate Based on the previous reading the market is predicting a slightly disappointing number this time around and for the number of unemployed Americans to increase This could well be why we have seen the Dollar start to weaken again ahead of this data and the market prices a poor number into the rate before the data is officially released Based on the fact that a poorer number is expected I would guess that the real number will be fairly close to the expectation this time around and it won t have too much affect on the Dollar other than what we have seen already priced in Going into next week I think that we will see a continuation of the general Sterling strength that we have had since the start of the year and could see better levels across the board before the first half of this year comes to a close and any short term profit taking occurs GBP EUR 1 2314 GBP USD 1 6812 GBP CHF 1 4990 GBP JPY 171 99 GBP AUD 1 8006 GBP NZD 1 9781 GBP CAD 1 8360 GBP ZAR 17 9447 GBP NOK 10 0621 GBP SEK 11 1888 EUR USD 1 3653 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 08 15 CHF Consumer Price Index YoY May 0 1 0 0 13 30 CAD Unemployment Rate May 6 9 6 9 13 30 USD Nonfarm Payrolls May 218K 288K 13 30 USD Unemployment Rate May 6 4 6 3 All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 05th June 2014 It s crunch time for the Euro 05 June 2014 Super User News 0 comment Daily News Test 1 It s crunch time for the Euro Central Bank Thursday is well and truly upon us and Mario Draghi s performance during today s European Central Bank policy statement and press conference will be closely scrutinised Bets have started to mount that the European Central Bank will trim their Interest Rate further to its lowest level ever As it currently sits at 0 25 I personally can see a move down to either 0 1 or 0 15 today and think that is heavily anticipated and what markets expect to see So what could be in store for us today well it s definitely going to be about how quickly you can react because as soon as the rate announcement is released and when Draghi starts talking at the press conference will be the time to react Realistically we will probably see the Euro slump against both the Pound Sterling and also the US Dollar very quickly and this could produce some new highs in GBP EUR not seen for some time If you re pretty quick you could catch a very good rate today as I can t see it lasting long as firstly things will settle down before the end of the day and also the Bank of England won t be best pleased with Sterling appreciating further in value at the moment potentially unravelling a lot of the hard work that they have done over the last few years GBP EUR 1 2315 GBP USD 1 6752 GBP CHF 1 5019 GBP JPY 171 75 GBP AUD 1 8044 GBP NZD 1 9838 GBP CAD 1 8328 GBP ZAR 17 9817 GBP NOK 10 0424 GBP SEK 11 1277 EUR USD 1 3603 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 12 00 UK BoE Interest Rate Decision 0 5 0 5 12 00 UK BoE Asset Purchase Facility Jun 375B 375B 12 45 EUR ECB Interest Rate Decision 0 10 0 25 13 30 EUR ECB Monetary Policy Statement Press Conference All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 04th June 2014 All eyes on Draghi tomorrow for some stimulating stimulus 04 June 2014 Super User News 0 comment Daily News Test 1 All eyes on Draghi tomorrow for some stimulating stimulus As we reach the middle of this week all eyes are firmly focused on Mario Draghi s European Central Bank to see if there is any change in monetary policy Pressure has mounted on the single currency in recent weeks and there are strong bets that the ECB will introduce monetary stimulus at tomorrow s interest rate meeting to avoid disappointing markets I strongly expect that both the Bank of England and European Central Bank will leave interest rates unchanged and it will still be some time before we see any movements in that area The most important thing tomorrow will be how Draghi navigates the potential minefield of the press conference that will follow any announcement from the European Central Bank Today will see the Bank of Canada release its own interest rate announcement but again I expect no change in rate or policy leaving the base rate firmly at 1 0 GBP EUR 1 2277 GBP USD 1 6710 GBP CHF 1 5004 GBP JPY 171 58 GBP AUD 1 8029 GBP NZD 1 9858 GBP CAD 1 8272 GBP ZAR 17 9922 GBP NOK 10 0394 GBP SEK 11 1720

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  • Super User
    euro area He signalled this month he intends to expand the ECB s balance sheet by as much as 1 trillion euros This week the BoE will hold all cards close to its chest waiting on the announcements from the Fed and the ECB GBP EUR 1 2818 GBP USD 1 6265 GBP CHF 1 5472 GBP JPY 177 92 GBP AUD 1 859 GBP NZD 2 0888 GBP CAD 1 8135 GBP ZAR 18 291 GBP NOK 10 473 GBP SEK 11 774 EUR USD 1 2683 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 08 55 EUR Unemployment Rate s a Sep 6 7 6 7 10 00 EUR Consumer Price Index YoY Sep 0 3 0 4 15 00 USD Consumer Confidence Sep 92 5 92 4 All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 29th September 2014 Mario Drags the Euro Down 29 September 2014 Super User News 0 comment Mario Drags the Euro Down Mario Draghi s strategy for reviving the euro area looks like devaluation While the European Central Bank president says the exchange rate isn t a policy target officials aren t secretive about their approval of the currency s 9 percent slide The depreciation increases the cost of imports and boosts exporters competitiveness aiding the effort to revive inflation that data tomorrow will probably show is at the weakest since 2009 The currency slumped as low as 1 2664 today the weakest since November 2012 after reaching 1 3993 on May 8 He then cut interest rates twice offered cheap long term loans to banks and announced a plan to buy asset backed securities and covered bonds The week ahead is packed with first tier data out of the UK and this may keep the pound volatile during the coming days however the scheduled for today Money Supply and Mortgage Approvals reports are usually ignored by the market Only large deviations from the forecasted levels may trigger some moves in the short term GBP EUR 1 2805 GBP USD 1 6262 GBP CHF 1 5452 GBP JPY 178 12 GBP AUD 1 8616 GBP NZD 2 0926 GBP CAD 1 8122 GBP ZAR 18 322 GBP NOK 10 4935 GBP SEK 11 7902 EUR USD 1 269 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 09 30 GBP Consumer Credit Aug 0 85B 1 10B 13 00 EUR Harmonised Index of Consumer Prices YoY Sep 0 7 0 8 13 30 USD Personal Spending Aug 0 4 0 2 23 50 JPY Unemployment Rate Aug 3 8 3 8 All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 26th September 2014 No risky lending for banks but the government is game 26 September 2014 Super User News 0 comment No risky lending for banks but the government is game It looks like the European Central Bank and the US Federal Reserve are moving in opposite directions as the US continues to grow and outperform its estimated data and the Eurozone is feeling the pain of stagnation The Euro fell to a fresh two year low against the US Dollar during yesterday s trading and many analysts are still expecting further moves lower The British recovery is said to remain on track as we all keep spending therefore helping to keep the economy going The biggest rises have come from sales of clothing and furniture with department stores having great levels of success 48 of British retailers told the Confederation of British industry that their sales were up on the year which far outweighed the 17 that has seen sales fall The strong data of a net 31 of retailers experiencing growth is slightly down from last month s 37 but is still one of the best figures we have seen this year So what now for the FX markets Well according to many analysts most of the Eurozone will welcome a weaker Euro to help kick start their economies but how far can it dip before it starts becoming a burden on other economies As GBP EUR pushes higher exports in the UK will start to suffer so it might not be very long before we start talking Sterling down again GBP EUR 1 2794 GBP USD 1 6300 GBP CHF 1 5447 GBP JPY 177 83 GBP AUD 1 8600 GBP NZD 2 0622 GBP CAD 1 8130 GBP ZAR 18 2217 GBP NOK 10 4428 GBP SEK 11 7644 EUR USD 1 2740 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 07 00 EUR German Gfk Consumer Confidence Survey Oct 8 5 8 6 13 30 USD Gross Domestic Product Annualised Q2 4 6 2 1 13 30 USD Gross Domestic Product Price Index Q2 2 1 1 3 14 55 USD Reuters Michigan Consumer Sentiment Index Sep 84 7 82 5 All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 25th September 2014 No risky lending for banks

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  • Super User
    in value probably averaging around a 1 gain against most of its major counterparts However if we see a Yes campaign win Sterling could lose substantial ground quite quickly probably 3 times as much in the opposite direction Many hedge funds are trying to position themselves ahead of the announcement which is why Sterling continues to yoyo in a small range against both the Dollar and the Euro UK Prime Minister David Cameron appealed to Scottish voters yesterday in his final speech in Aberdeen by telling voters that voting Yes shouldn t be about their personal dislike for the Conservative Party or himself personally as this current government won t last forever The Conservatives know they aren t the most popular in Scotland and this may well have been the most sensible tactic that David Cameron could have used GBP EUR 1 2516 GBP USD 1 6188 GBP CHF 1 5141 GBP JPY 173 60 GBP AUD 1 7975 GBP NZD 1 9822 GBP CAD 1 7911 GBP ZAR 17 7560 GBP NOK 10 3620 GBP SEK 11 5375 EUR USD 1 2934 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 09 30 GBP Core Consumer Price Index YoY Aug 1 8 1 8 09 30 GBP Consumer Price Index YoY Aug 1 5 1 6 10 00 EUR German ZEW Survey Economic Sentiment Sep 4 8 8 6 17 45 CAD BoC Governor Poloz Speech All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 15th September 2014 UK gets independently put on hold 15 September 2014 Super User News 0 comment UK gets independently put on hold Parts of the United Kingdom are grinding to a halt on the lead up to the Scottish referendum for independence Several companies have put plans on hold to float on the stock market before the vote is decided and markets settle down from their current volatility UK Prime Minister David Cameron is heading to Aberdeen today to deliver a speech aimed at securing votes of the estimated 500 000 Scottish people who are at present yet to make up their minds Polls that were released over the weekend showed very different stories although most favoured a No victory One poll had the Yes campaign ahead with 58 of the vote and another had the No campaign ahead by the same margin There were two other polls that both showed the No campaign ahead but with a much smaller margin Scottish Independence Party leader Alex Salmond has said that if the No campaign is victorious he will not call for another referendum but didn t rule out that another referendum wouldn t be requested when a new leader eventually replaces him The expectation is that we will see similar patterns in rate movements again this week with the general movement in EUR USD being lower and if the No vote for Independence gains any momentum GBP EUR could also look to push higher GBP EUR 1 2554 GBP USD 1 6244 GBP CHF 1 5208 GBP JPY 174 32 GBP AUD 1 8064 GBP NZD 1 9950 GBP CAD 1 8025 GBP ZAR 17 9599 GBP NOK 10 3558 GBP SEK 11 6215 EUR USD 1 2938 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 10 00 EUR Trade Balance s a Jul 13 8B 10 00 EUR Trade Balance n s a Jul 19 5Bn 16 8Bn 14 15 USD Capacity Untilization Aug 79 3 79 2 14 15 USD Industrial Production MoM Aug 0 3 0 4 All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 12th September 2014 No campaign edges ahead for the sprint finish 12 September 2014 Super User News 0 comment No campaign edges ahead for the sprint finish The Scottish Yes vote campaign for Scottish independence took a hammer blow yesterday after an influential think tank picked holes in Alex Salmond s economic vision for an independent Scotland Warnings that a vote for the Yes campaign will make it harder to protect public spending from cuts Further backing for the No campaign was displayed as a number of high profile banks and retailers added their names to the growing list citing concerns about the possible economic outcome of a Yes vote As the No vote has swung back into positive territory in recent polls Sterling has climbed off of its low levels and has started to gain some ground back against most currencies This shows a clear intent that we could see further gains in Sterling should the No campaign be triumphant at next Thursdays vote The market is a little quiet today in terms of data releases so I think it is fair to expect a similar pattern that we have seen over the last few days We should see some unwinding of Dollar positions and a small portion of the Dollar s recent gains lost to profit taking as the week finishes but overall it will still leave the Dollar in a strong position GBP EUR 1 254 GBP USD 1 6250 GBP CHF 1 5212 GBP JPY 174 24 GBP AUD 1 7932 GBP NZD 1 9862 GBP CAD 1 7956 GBP ZAR 17 8709 GBP NOK 10 3767 GBP SEK 11 6043 EUR USD 1 2923 All rates are indicative of interbank

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  • Super User
    improving U S economy will support the case for the Federal Reserve to raise interest rates The U S Currency gained versus all except one of its 16 major peers as analysts predict U S data this week will show manufacturing grew in August and employers added more than 200 000 jobs for a seventh month GBP EUR 1 2608 GBP USD 1 6562 GBP CHF 1 5227 GBP JPY 173 65 GBP AUD 1 7818 GBP NZD 1 9842 GBP CAD 1 8041 GBP ZAR 17 723 GBP NOK 10 262 GBP SEK 11 592 EUR USD 1 3132 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 08 30 GBP PMI Construction Aug 61 4 62 4 13 00 CAD RBC Manufacturing PMI Aug 54 3 13 45 USD Markit Manufacturing PMI Aug 55 8 14 00 USD ISM Manufacturing PMI Aug 56 8 57 1 All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 1st September 2014 Draghi enters the pressure chamber 01 September 2014 Super User News 0 comment Daily News Draghi enters the pressure chamber The policymakers of the European Central Bank will meet again this week faced with an increasingly dismal economic outlook and a growing chorus of disapproval Grim figures released on Friday confirmed that consumer price inflation in the euro area dropped to just 0 3 per cent in August the lowest level in nearly five years Italy also recorded deflation during the month for the first time in 50 years Some forecasters are now suggesting that the central bank will cut interest rates once again despite signals just three months ago that that they had now reached their lowest possible level With a hike in interest rates in the UK on the horizon for the new year and a cut from the ECB this could see a firm spike behind GBP EUR Elsewhere we see economic data due out this week that appears to show a continuing steady growth in the UK s economy Although mortgage approvals data for July due out today may be seen to dip slightly analysts expect this weakness to be temporary Manufacturing and services results are both expected to show steady growth which is little change from July This week all eyes on a possible ECB rate cut GBP EUR 1 2662 GBP USD 1 6625 GBP CHF 1 5275 GBP JPY 173 18 GBP AUD 1 7782 GBP NZD 1 9832 GBP CAD 1 8067 GBP ZAR 17 735 GBP NOK 10 287 GBP SEK 11 652 EUR USD 1 3132 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 07 55 EUR Markit Manufacturing PMI Aug 52 52 4 08 00 EUR Markit Manufacturing PMI Aug 50 8 51 8 08 30 GBP Markit Manufacturing PMI Aug 55 55 4 08 30 GBP Mortgage Approvals Jul 66 6K 67 2k All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 29th August 2014 US economy yanked into recovery 29 August 2014 Super User News 0 comment Daily News US economy yanked into recovery US Gross Domestic Product beat analysts expectations yesterday posting an annual 4 2 gain during the second quarter of this year The expectation was for a reading of 4 which is pretty monstrous in itself but the data even managed to beat that expectation This is a clear indication that the US economy is in fine form based on recent data and the momentum isn t showing any signs of tailing off anytime soon The only concern that the US have at present is with slow wage growth despite unemployment falling This is a similar problem that the UK are currently facing and it will be interesting to see which central bank manages to solve this conundrum first The Scottish Independence campaign is heating up after more than 200 Scottish business leaders published a counter letter claiming that independence was the right choice for Scotland This counters a published letter that was featured in the Scotsman in which 130 Scottish business leaders lent their support to the No campaign With confidence in the Eurozone sliding keep an eye out for today s Consumer Price Index data which is already expected to be lower than its previous reading This could well add additional pressure on an already struggling Euro GBP EUR 1 2600 GBP USD 1 6586 GBP CHF 1 5190 GBP JPY 172 18 GBP AUD 1 7734 GBP NZD 1 9792 GBP CAD 1 8002 GBP ZAR 17 6363 GBP NOK 10 2607 GBP SEK 11 5633 EUR USD 1 3164 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 10 00 EUR Consumer Price Index YoY Aug 0 3 0 4 10 00 EUR Consumer Price Index Core YoY Aug 0 8 0 8 13 30 CAD Gross Domestic Product Annualized QoQ Q2 2 7 1 2 13 30 USD Core Personal Consumption Expenditure YoY Jul 1 6 All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the

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  • Super User
    George Osborne have an unwritten agreement to keep interest rates low until next year s general election in a bid to help the Conservative get re elected into government The UK Treasury have stated that such rumours are completely untrue and that the Bank of England has held its own independent status since the reforms set up in 1997 The vote for Scottish independence takes place in exactly a month from today on 18 th September If Scotland vote Yes to independence they will be leaving the UK forever and there will be a lot of repercussions to come from that As things stand at the moment polls suggest that the Yes vote has 45 of the vote and the No vote is holding 55 of the vote It does look as though we could see another quieter week again as there is a lack of data out over the course of the week but there should be potential for Sterling to regain some of last week s losses GBP EUR 1 2502 GBP USD 1 6733 GBP CHF 1 5134 GBP JPY 171 47 GBP AUD 1 7960 GBP NZD 1 9735 GBP CAD 1 8217 GBP ZAR 17 7370 GBP NOK 10 2822 GBP SEK 11 4609 EUR USD 1 3384 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 00 01 GBP Rightmove House Price Index MoM Aug 0 8 00 01 GBP Rightmove House Price Index YoY Aug 6 5 03 16 CNY FDI Foreign Direct Investment YTD YoY 2 2 15 00 USD NAHB Housing Market index Aug 53 All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 15th August 2014 One size fits all leaves no room for growth 15 August 2014 Super User News 0 comment One size fits all leaves no room for growth The Eurozone is firmly back in the firing line this morning as data released yesterday shows the Eurozone is in a negative cycle of increasing public debt little to no growth or inflation and flat lining tax revenues Figures that were released yesterday show that the Euro area as a whole did not grow in the three months leading up to June and the most reliable economy Germany actually contracted by 0 2 It has been an overall criticism of the Eurozone from its first inception that the one size fits all economic strategy doesn t work This may now be beginning to show even more clearly as each individual country is unable to manipulate its own economic policy to suit its needs Sterling has struggled the last few days after news that the Bank of England won t be looking at raising interest rates until the first quarter of 2015 As we had reported on several occasions the rate at which Sterling was appreciating was putting pressure on UK exports and much of the gain was started by Mark Carneys very aggressive speech at Mansion House That was the point that the current Governor of the Bank of England told us that interest rates in the UK would go up sooner than markets expected GBP EUR 1 2477 GBP USD 1 6683 GBP CHF 1 5118 GBP JPY 171 09 GBP AUD 1 7881 GBP NZD 1 9662 GBP CAD 1 8176 GBP ZAR 17 5645 GBP NOK 10 2652 GBP SEK 11 435 EUR USD 1 3372 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 09 30 GBP Gross Domestic Product YoY Q2 3 1 3 1 09 30 GBP Gross Domestic Product QoQ Q2 0 8 0 8 13 30 USD Producer Price Index YoY Jul 1 8 1 9 13 30 USD Industrial Production MoM Jul 0 3 0 2 All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 14th August 2014 Rate Hike On your Bike 14 August 2014 Super User News 0 comment Rate Hike On your Bike The day ahead boasts a low reading of market data releases but gives us some time to digest yesterday s events on the back of Mark Carney s more Dovish outlook on the UK economy It is not surprising we have seen the Pound fall against 90 of its pairings as the BoE announce interest rate hikes will now take place during the 1 st Quarter of 2015 which is a far cry from the BoE more Hawkish tone 3 months ago Elsewhere we see Germany s GDP level contract 0 2 from a first quarter reading of 0 8 leaving an element of stagnation in the mouth of the Eurozone s main growth engine The reversal of the mild weather effect on the construction sector an unusual amount of holidays in May combined with ongoing problems in France and Italy should have been the main drivers of the slowdown of the German economy The US releases initial jobless claims data this afternoon with a possibility we could see a correction back up to 1 67 against the pound if we see an increase in the expected 307K consensus figure up from 289k last month However we expect the market to remain rather flat today following on from yesterday s announcements GBP EUR 1 2468 GBP USD 1 666 GBP CHF 1 5116 GBP JPY 170 72 GBP AUD 1 7905 GBP NZD 1 9632

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    form of short term pull back This could however be short lived but it will take a couple of weeks to find that out as this month s Bank of England s minutes could provide the catalyst for Sterling to spike higher this month Many analysts feel that this could be the month that we see the first Bank of England Monetary Policy Committee member vote for an increase in interest rates Continued economic growth and the fall in unemployment are the main reasons behind this However any change in the 9 0 vote that we have been seeing could reverse the current dip in Sterling and push it back up to its recent highs of the past month GBP EUR 1 2538 GBP USD 1 6827 GBP CHF 1 5255 GBP JPY 172 70 GBP AUD 1 8065 GBP NZD 1 9785 GBP CAD 1 8386 GBP ZAR 17 9730 GBP NOK 10 5547 GBP SEK 11 5612 EUR USD 1 3421 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 01 30 AUD Retail Sales s a MoM Jun 0 4 0 3 08 30 CHF SVME Purchasing Managers Index Jul 52 8 54 0 09 30 GBP PMI Construction Jul 62 0 62 6 00 30 AUD AiG Performance of Services Index Jul 47 6 All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 1st August 2014 Will Non Farm data go against the grain 01 August 2014 Super User News 0 comment Will Non Farm data go against the grain The US Dollar is still firmly in the limelight today as today is what we affectionately call in the markets Non farm Friday It s been a busy week for the US Dollar with the US Federal Reserve announcing that they are tapering their quantitative easing programme by 10Bn from its current level and Non Farm Payrolls following so quickly today All in all it s been a much better week for the US Dollar Many analysts predict this will continue into August with EUR USD and GBP USD both looking to decline and head lower over this month Today s Non Farm data will set the tone for August and give us a good indication of how the markets are going to play the US Dollar against its major counterparts this month Slightly closer to home Eurozone inflation dropped to one of its lowest levels registering at 0 4 The European Consumer Price Index has grown at an alarmingly slow pace since 2012 and the last time we saw it register above the European Central Banks target level of 2 was back in January 2013 With inflation so low it doesn t bode well for GDP data from some of the Eurozone members On a more positive note unemployment in the Eurozone has dropped but is still extremely high at 11 5 GBP EUR 1 2601 GBP USD 1 6868 GBP CHF 1 5340 GBP JPY 173 73 GBP AUD 1 8175 GBP NZD 1 9877 GBP CAD 1 8430 GBP ZAR 18 0994 GBP NOK 10 6192 GBP SEK 11 6246 EUR USD 1 3385 All rates are indicative of interbank rates GBP EUR GBP USD EUR USD 02 00 CNY NBS Manufacturing PMI Jul 51 4 51 0 13 30 USD Nonfarm Payrolls Jul 233K 288K 13 30 USD Unemployment Rate Jul 6 1 6 1 15 00 USD ISM Manufacturing PMI Jul 56 0 55 3 All rates shown are indicative of interbank rates and should only be used for indication purposes only It is important to note that foreign exchange rates fluctuate and that rates may vary depending on the amount and the base currency that is purchased or sold Rates are correct as of 8 00am UK time CentralFX are not responsible for the rates shown Read more 31st July 2014 US growth is economic obesity 31 July 2014 Super User News 0 comment US growth is economic obesity The US Federal Reserve hinted at increasing inflationary pressure yesterday for the first time in a very long time It has been known in history that the easiest way to curb inflation is to raise interest rates which will completely contradict the current US Federal Reserve s policy of rates staying low for a considerable time This all came on the back of yesterdays US data releases which showed that the economy had had a dramatic turnaround in the second quarter US Gross Domestic Product beat analysts expectations yesterday coming in at 4 for the second quarter against an estimate of 3 There was also an upward revision for the first quarter s numbers which were originally posted at 2 9 being revised at 2 1 This is all positive data for the US and yesterday we saw the US Dollar strengthen ahead of the Fed s announcements this could continue at a slow pace over the coming few weeks This won t be great news for the US whose uncontrollable trade deficit continues to widen but the Dollar has had a sustained period of weakness over the last twelve months against some of its major counterparts First Federal Open Market Committee member Charles Plosser broke ranks yesterday and became the first member to take a more aggressive stance He said that keeping interest rates low for a considerable time after quantitative easing wouldn t be appropriate GBP EUR 1 2631 GBP USD 1 6908 GBP CHF 1 5380 GBP JPY 173 90 GBP AUD 1 8149 GBP NZD 1 9873 GBP CAD 1 8440 GBP ZAR 18 0484 GBP NOK 10 5931 GBP SEK 11 6451 EUR USD 1 3387 All

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