Forex Traders continue to buy Euros

The Pound exchange rate remains well supported by continued strength in domestic data, but has slipped back against the Euro Exchange Rate in recent days following the lack of any new easing action at the ECB meeting. Why Forex Traders continue to buy Euros is a mystery that leaves me scratching my head. While Pound […]

Australian Dollar Exchange Rate

The Pounds to Australian Dollar exchange rate is another currency that decided the pound was a bully boy and deserved a seeing to. We started the week at 1.8800 and ending the week almost 3% lower, typical for the pound this week. The reasons behind forex traders buying Australian Dollars was that local data surprised […]