Currency Clips Archive Brief news and analysis from around the world of FX
Italy says no, ECB still on the dovish side
It was clear that against a backdrop of global crisis, Italy would defy its government and not allow it the chance to apply European austerity policies. Matteo Renzi has made a wise decision by announcing his dismissal as he does not represent what Italians want. ...click here to view the full article
Where next for Sterling?
It has been a torrid few months for the pound, with the outcome of the Brexit referendum providing the fi rst of a series of notable legs down for the pair. Cable for example may be trading a few cents above those 31 year lows of 1.20 which were touched in the wake of the “flash crash” at the start of October, but does sterling deserve to be looking so depressed as 2016 comes to a close? ...click here to view the full article
Beyond US shores, nowhere has Trump’s election as the next US President been more acutely felt as it has in Asia and on Asian currencies in particular. ...click here to view the full article
Growth Prospects Improving for Aussie in 2017
It is the optimism about the growth in year 2017, which has shrugged off the losses for the Aussie after its brutal GDP number. If you look at the county’s GDP, it has not contracted since March 2011. Thus, there was no surprise that we have seen such a reaction by traders when the GDP number was released. ...click here to view the full article