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By Rob Bastin

Sterling has enjoyed another good day on the markets as data this morning confirmed that consumer prices index rose to 1.5% from 1.1% last month. GBP/CAD exchange rates were up by 0.75% at 2pm but one of the only major currencies where Sterling was losing ground was agaisnt the dollar. The pound was down by 0.15% on the day as net TIC flow figures for the US came out much better than expected. Despite this drop the pound is still trading at close to a 15 week high against the greenback.

By Rob Bastin

Sterling has lost ground across the board today with the most significant losses against the Canadian Dollar. Early better than expected unemployment figures falied to improve Sterling exchange rates as comments from Mervyn King shortly after caused investors to sell the pound as he warned that the BoE has not definately finished their QE programme, and that inflation is forecast to rise sharply in the coming months. GBP/USD rates are down by 1% and GBP/CAD rates are doen by 1.45% by 4:30pm.

By Rob Bastin

GBP/NZD exchange rates have been fairly stationary during the mornings trading ahead of tomorrows Bank of England interest decision. Many anaylysts are expecting the BoE to extend their QE policy by a further £25bn which would almost certaily cause the pound to fall in value. New Zealand’s unemployment rate tonight is expected to increase to 6.4% from 6%.

By Rob Bastin

There has been little movement in GBP/NZD exchange rates today, as the pound has gained just 0.20% by 3:00pm UK time. The next couple days could have a significant effect on exchange rates as New Zealand announce their unemployment rate for the 3rd quarter tomorrow at 10:45pm GMT, and the Band of England announce on Thursday at 12pm GMT whether they are to increase the quatitative easing programme. Sterling is likely to fall if they vote in favour of an extension.

By Rob Bastin

The pound has continued its good start to the week with further gains against the kiwi. Exchange rates for buying new zealand dollars with Sterling have improved by a further 1.75% by 4pm on Wednesday. The Royal bank of New Zealand (RBNZ) meet tonight at 9pm UK time for their interest rate decision, expectations are for a hold at 2.5% however if rates a hiked then the dollar would be expected to strengthen agianst the pound.