Pound Sterling's recent fall to record lows may appear linked to government policy but a wealth of information has since suggested strongly that it was really just a table turned or a glass broken in a scrap between the market and a big hitter of a heavyweight puncher called the Peoples' Bank of China (PBoC).
November 2,2022
The Chinese Renminbi has probed below a notable level on charts in its largest weekly fall since March 2020, drawing attention from the speculative market that could soon make relevant the following insight from a former member of the People’s Bank of China (PBoC) monetary policy committee.
April 22,2022
The Renminbi has begun to ease lower against the Dollar following a 22-month rally and this week’s price action has prompted RBC Capital Markets and BNP Paribas to advocate that clients of the two banks buy USD/CNH in anticipation of a further climb during the weeks and months ahead.
April 20,2022
The Pound has confounded expectations with sharp gains over all major rivals until Thursday, leading to much head-scratching in some parts and prompting Pound Sterling Live to draw on the buy-side expertise of Toscafund Asset Management to tell the untold story of Sterling's steamrolling 2021 rally.
February 25,2021
The Pound-to-Australian Dollar rate rose on Tuesday, helping preserve what remains a year-to-date gain for a British currency that is increasingly a market favourite for 2021, although nascent price action may be only just the beginning of a likely-losing battle by the Aussie to hold the GBP/AUD rate down.
February 23,2021
The Pound remained the outperformer for 2021 Thursday, after being aided by the People's Bank of China (PBoC), which may need to lift GBP/USD to 1.43 and GBP/EUR to 1.17 in February or just after if it's activities are to be conducive to the win-win cooperation Chinese diplomats are renowned for.
February 12,2021
The Australian Dollar was lifted Monday by a surprise injection of stimulus into the Chinese economy from authorities, and is likely to edge steadily higher throughout 2019 according to forecasts from Commonwealth Bank of Australia (CBA).
January 7,2019