There’s plenty of moving and shaking on the FX markets on this Thursday thanks to Bank of England, so let’s see where the 8 majors trade at 3 PM GMT. Sterling shot up after 10 AM against the Kiwi Dollar and the pair has gained a total of 1.73% to post the day’s biggest move. Bank of England announced no immediate change to interest rates, but showed signs of possible stimulus reduction, thus sending the Sterling sharply higher. Then there’s a huge gap and a bunch of majors trading in a narrow range, including the Greenback. US inflation accelerated more than expected and jobless claims were positive as well, making a case for a rate hike more likely. Australian employment change was positive and Ozzy Dollar is close to level with the Single currency. Japanese Yen is a fraction up from the Loonie Dollar. Canadian new house price index increased more than estimated. SNB left monetary policy unchanged, while softening their tone on the strength of the local currency and Swissie is up only form the Kiwi Dollar, which wraps up the advancers and decliners table. Moving on to longer term performance charts, Sterling/Yen has had an extremely bullish week with a solid gain of 3.92%. Euro/Sterling is on top of the bearish section and the pair is down by 2.89%. Canada/Yen leads the monthly bulls table with a gain of 4.59%. New Zealand/Canada is the most bearish pair and it’s 4.83% in the red. I’m Celeste Skinner and these were the Movers and Shakers for Thursday. Do click back for Friday’s report, but for now, goodbye.
There’s plenty of moving and shaking on the FX markets on this Thursday thanks to Bank of England, so let’s see where the 8 majors trade at 3 PM GMT.
Sterling shot up after 10 AM against the Kiwi Dollar and the pair has gained a total of 1.73% to post the day’s biggest move.
Bank of England announced no immediate change to interest rates, but showed signs of possible stimulus reduction, thus sending the Sterling sharply higher.
Then there’s a huge gap and a bunch of majors trading in a narrow range, including the Greenback. US inflation accelerated more than expected and jobless claims were positive as well, making a case for a rate hike more likely.
Australian employment change was positive and Ozzy Dollar is close to level with the Single currency.
Japanese Yen is a fraction up from the Loonie Dollar. Canadian new house price index increased more than estimated.
SNB left monetary policy unchanged, while softening their tone on the strength of the local currency and Swissie is up only form the Kiwi Dollar, which wraps up the advancers and decliners table.
Moving on to longer term performance charts, Sterling/Yen has had an extremely bullish week with a solid gain of 3.92%. Euro/Sterling is on top of the bearish section and the pair is down by 2.89%.
Canada/Yen leads the monthly bulls table with a gain of 4.59%. New Zealand/Canada is the most bearish pair and it’s 4.83% in the red.
I’m Celeste Skinner and these were the Movers and Shakers for Thursday. Do click back for Friday’s report, but for now, goodbye.
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