After the decision of the UK to leave the EU the GBP has received a very hard sell off from a high of 1.5000 vs the USD to currently trading at 1.2429. Recent volatility was caused by a flash crash in the GBP with a lack of liquidity and buying interest along with Francois Hollande’s comments of EU leaders making a “firm negotiating stance” with the UK. At the rate the GBP is going it is likely the UK will be bought up from foreign interest soon enough anyway.
AUD/USD higher after RBA signals higher expected growth and stable employment in the future after recent monetary easing. Rate rose 0.5% up to current of 0.7328. EUR/USD lower to 1.1333 and GBP/USD currently 1.4467.
AUD/USD recovering higher to 0.7295, EUR/USD higher to 1.1353 and GBP/USD at 1.43812.
EUR/USD mildly higher at 1.13162, AUD/USD fell over 170 pips to current of 0.7601 after much lower than expected CPI figures came out. This signals further potential downward pressure on Interest Rates and tips traders to a 50% chance of a rate cut next Tuesday when the RBA has their Monetary Policy meeting. GBP/USD has kept flat at 1.4569.
EUR/USD recovering to 1.1251, AUD/USD flat at 0.7719 and GBP/USD higher to 1.4484.
EUR/USD at 1.13070 after opening lower due to Doha Oil talks which eventuated in nothing new. AUD/USD higher to current of 0.7720 after opening up much lower and GBP/USD at 1.4193
EUR/USD lower at 1.1266, AUD/USD higher to 0.7729 after unemployment rate came out lower than expected and GBP/USD mildly lower at 1.4195.