Currency Analysis & Opinion

Market OverviewAnxiety over Brexit and its impact on global growth is once more plaguing the mind-set of traders as a safe haven preference is playing out across asset classes. Sterling is getting...

General market themeSentiment turned even more bearish in the currency markets yesterday on the back of the Financial Stability Report published by the BoE, Governor Carney spelled out the challenges...

The pound has continued to come under pressure in the past couple of days sinking to new 31 year lows around the 1.2800 level against the US dollar and multi-year lows against the yen and the euro as...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. So much for summer doldrums – the bears came charging out at the start of the third quarter, sending sterling to its...

Today, the GBP/USD dropped to a new 31-year low as it breached last Monday’s low at 1.3120 amid ongoing Brexit worries. Helping the pound move towards 1.30 was comments from Bank of England...

Market OverviewWith the US back from Independence Day national holiday an air of caution has re-entered traders’ minds with a safe haven shift back into forex trading, with equities lower and US...

The Australian dollar gapped lower at the open overnight on fears Australia’s election deadlock could jeopardize the country’s AAA ratings. While the result will not be decided until at...

The cable entered the week strongly under pressure as continued selling post-Brexit was still evident on Monday. Subsequently, the pair was under pressure early but eventually recovered somewhat...

General market themeLimited price action in the major money markets on Friday with the instruments we monitor in our daily report showing nothing new in terms of news or fresh developments. However we...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. What a difference a week makes. The market went from preparing for another financial armageddon post Brexit to wondering if the...

Market OverviewSentiment seems to be a little divided in markets currently as equity markets continue to rally at a time at which forex and bond markets are showing caution amid signs of a renewed...

General market themeSentiment turned bearish again yesterday in a day that was market by two UK-related developments: BoE Governor Carney opening the door to a key interest rate cut in the months to...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Sterling dropped like a rock after Bank of England Governor Carney said another rate cut is coming this summer. Carney has...