currecncy insight

UK shutdown shows up in data – Sterling runs out of puff

Pound runs out of puff due to a jump in public sector borrowing, a January slump in consumer confidence and weaker than forecast retail sales data. Absence of European Central Bank decisiveness has left the Euro a little adrift...
currecncy insight

Relief permeates the markets

Weaker USD and stronger commodity currencies with relief in the financial markets now the US election is finally over. Roll-out of vaccines in the UK is lifting investors' mood with Sterling having had a good day against the Euro ahead of today’s European Central Bank meeting...
currecncy insight

GBP bounces back

Relief in the markets that the US election was finally over gives way to concern over the state of the COVID-19 pandemic in the US. Sterling is showing similar strength against other currencies with the release of improved UK inflation data...
currecncy insight

4 million receive first dose of COVID-19 vaccine

UK says COVID-19 vaccine rollout is hampered by ‘lumpy’ manufacturing processes. EU tells members they must vaccine min 70% of their population by summer and US Senate returns from recess to set timetable for President Trump’s second impeachment trial.
currecncy insight

Safe haven buying boosts USD

Safe haven buying boosts USD but US public holiday will mean afternoon markets are quiet. China GDP on the mend as data released this morning shows annual GDP growth at 2.3%
currecncy insight

US jobless numbers worse than forecast

US jobless claims rise, Sterling’s strong despite UK GDP contraction of 2.6% in December and GBPAUD, and GBPNZD both mount a recovery
currecncy insight

US president impeached but Dollar awaits stimulus package

US President Donald Trump has been impeached for the 2nd time as USD largely ignored the news. USD traders are more interested in just how big the stimulus package will be when the new President...
currecncy insight

Democrats vote to charge Trump with inciting insurrection

The Democrats charge Trump with “incitement of insurrection”, GBPUSD remains in an uptrend. UK PM Johnson is getting a bit of flak for his 7-mile bicycle ride and BoE is looking at further stimulus measures...
currecncy insight

US employment drops 140,000

The US Dollar is the strongest it has been so far in 2021. Overnight we saw a bounce back in Chinese consumer inflation and a healthy rebound in Australian retail sales. US inflation and retail sales will be closely watched...
David Johnson - Halo Financial

When is the best time to make a currency transfer

Halo Financial’s Chief Analyst, David Johnson, explains why timing your currency transfer is so important when migrating or purchasing overseas property. Since exchange rates are volatile, you need...
currecncy insight

Dollar wobbles on Washington invasion

US tears itself apart as professed Trump supporters invaded US government buildings. US Dollar was volatile in the overnight markets but within recent ranges and boost for the Australian Dollar, with better than forecast building approvals growth...
currecncy insight

NZD boosted by 3.9% jump in dairy prices

3.9% rise in global Dairy Prices caused a solid gain in the New Zealand Dollar value, a return to optimism in the US ISM manufacturing sector and Sterling traders will be paused ahead of a speech by the Governor of the Bank of England at 2 pm UK time...
currecncy insight

UK National Lockdown knocks Sterling

Prime Minister announces nationwide UK lockdown to combat the new strain of COVID-19, UK lenders approved the largest number of mortgages in 13 years and US Dollar is hanging on the Georgia senate election outcome...
currecncy insight

UK rollout Oxford/AstraZeneca COVID-19 vaccine

The UK will begin the Oxford/AstraZeneca vaccine rollout today. The Pound held up against the USD overnight. Data to look out for this week includes EU manufacturing data, UK mortgage approvals, Canadian and US manufacturing data...