Financial Stability Report — News Archive

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Pound Rallies Then Falls on Weak PMIs and Profit Taking

The pound today rallied briefly against the US dollar before falling to its daily lows as traders continued to take profits from the post-election rally. The GBP/USD currency pair was also affected by the weak PMI data released by Markit Economics in the London session and Brexit optimism.

British Pound Extends Gains Following Carney’s Upbeat Speech

The Sterling pound today rallied higher against the US dollar following Mark Carney‘s speech at a press conference following the release of the UK’s financial stability report for July. The GBP/USD currency pair rallied higher driven by the greenback’s overall weakness as markets continue to price-in future rate cuts by the US Federal Reserve.

NZ Dollar Gains After Release of Financial Stability Report

The New Zealand dollar gained today after the Reserve Bank of New Zealand released the Financial Stability report. Gains were limited, though, as market participants were waiting for new developments in the trade war between the United States and China.

British Pound Rallies Higher Against US Dollar on BoE’s Carney Speech

The British pound today rallied higher against the US dollar even after the Bank of England Governor Mark Carney took a slightly dovish tone in his speech. The US dollar was largely weaker against its main peers, which also fueled the rally amid lackluster data reported from the US docket.

New Zealand Dollar Gains on Improving Outlook for Economy

The New Zealand dollar gained today, reaching the highest level since March 2 against its US counterpart, as the New Zealand central bank was relatively upbeat about domestic economic developments. Businesses felt the same way as the business confidence improved.

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