Pessimism & reluctance City Talk A moment of nostalgia for sterling and relief for the euro. Sterling was not unduly worried this week, having a surprisingly successful week. Over the eight-day week it strengthened by an average of 0.5%, losing out only to the puzzlingly mismatched Australian dollar and Japanese yen. It added one euro cent and one and one [...]
Growing European Coronavirus fears City Talk Sterling and the Euro – a story of two halves. The pound had another resilient week, strengthening by an average of 1.9% against the other major currencies. This is despite the downgrade of Britain’s credit rating by Fitch. The pound’s strength can be attributed to the US Federal Reserve announcing billions of liquidity to stabilise [...]
What’s happening to the AUD/GBP exchange rate? City Talk A quick look at the performance of the Australian dollar in the FX market during the global pandemic The Australian dollar has been under pressure all year; as a commodity-based currency, it was among the first to struggle due to the impact of the coronavirus. Now, as the countries implement various forms of lock-down and [...]
How are the banks battling coronavirus? March 18, 2020 As countries ramp up efforts to control the pandemic, the economic impact of Covid-19 is having an impact on currency values by creating a significant amount of market volatility. Typically when businesses are faced with large-scale uncertainty, the pound is volatile and the current situation with Covid-19 is adding pressure to currencies, including sterling. The [...]
Want to help Australia after the bushfires? March 3, 2020 New extended working holiday visas for visitors to help with the recovery from the Australian bushfires If you’ve been shocked by the extensive devastation in Australia following the bushfires, you may be thinking about how you can help. When it seems like the rain will never stop in the UK, some time out travelling Australia [...]
Can an overseas role help your career prospects? February 26, 2020 Even a short posting abroad can have significant, long-term career benefits. It’s never been easier for people all over the world to communicate; international teams can be connected by email, intranet, phone and even video calls. However, there is still no real replacement for face-to-face interaction. Companies post staff overseas for a number of reasons; [...]
What Trump’s presidential inauguration means for the US Dollar January 20, 2017 Thanks to the Federal Reserve's Janet Yellen confirming that US rates are going up, the Greenback was the best performing currency on Wednesday, netting half a cent against sterling. She was unremittingly upbeat about the US economy, saying it was "near maximum employment and inflation is moving toward our goal". That being the case, the [...]
