Sterling leaps higher after Bank of England optimism

Comments from the Bank of England (BoE) saw the pound shoot higher this week as markets swiftly adjusted their bets of an interest rate hike from UK policymakers this year.

GBP/EUR is weakening back from the two-month high hit on Friday, trading today at €1.1339, while GBP/USD has deserted the one-year high struck before the weekend and is now trading at US$1.3545.

This week, speeches from BoE Governor Mark Carney and Prime Minister Theresa May could cause significant volatility for GBP exchange rates.

Pound rockets higher as Bank of England comments boost bets of November rate hike

The Bank of England (BoE) sent the pound racing higher last week after indicating that an interest rate hike was likely coming in the near future. This week, speeches from Governor Mark Carney and Prime Minister Theresa May could see the pound on volatile form.

Caution from ECB policymakers keeps euro appetite soft

Appetite for the euro was soft for much of last week. Comments from members of the European Central Bank (ECB) were largely gloomy, causing markets to rethink their confidence in a decision to begin tapering quantitative easing before the end of the year.

End of week boost for US dollar as inflation data beats expectations

The US dollar may have been on soft form at the beginning of the week, but strong inflation data gave USD a boost before the weekend. Odds of an interest rate hike in December have climbed sharply.

AUD and NZD turbulent on weakening global appetite for risk assets

AUD and NZD were on volatile form last week as market demand for risky assets cooled. Signals from the Australian and New Zealand economies were mixed, giving markets little reason to either flock to, or flee from, AUD and NZD.