Page 3 - Tim Boyer News Today

April 9, 2021 - Written by Tim Boyer Despite concerns about weakness in South Africa’s economy, the British Pound to South African Rand (GBP/ZAR) exchange rate continues to trend lower and lower as the Rand capitalises on the latest market moods. Sterling has been sold on profit-taking and fresh coronavirus vaccine concerns all week, and higher demand for risk and emerging market correlated currencies has kept the Rand broadly appealing in comparison. Since opening this week at the level of ...

February 26, 2021 - Written by Tim Boyer The Pound’s strong streak may have come to an end for now as investors took profit from the British currency’s bullish February, and the British Pound to Swiss Franc (GBP/CHF) exchange rate has been tumbling from its best levels on new demand for the Swiss Franc as well. The Swiss Franc is a safe haven currency which is often appealing in times of global market uncertainty, so it is benefitting from this week’s bonds rout. After opening this week ...

February 9, 2021 - Written by Tim Boyer Despite new fiscal stimulus packages being announced for Japan, the safe haven Japanese Yen continues to climb today and the British Pound to Japanese Yen (GBP/JPY) exchange rate is tumbling. Investors are selling the Pound amid fresh uncertainties over Britain’s coronavirus and Brexit outlooks, and the Yen is benefitting largely from weakness in major rivals like the US Dollar. After opening last week at the level of 143.50, GBP/JPY slipped lower befo...

February 1, 2021 - Written by Tim Boyer Optimism over Britain’s coronavirus vaccine outlook has helped the British Pound to Canadian Dollar (GBP/CAD) exchange rate to advance lately. While the pair was unable to hold last week’s best levels, it is once again edging higher this morning as investors continue to find the Pound appealing. However, the Pound may run out of steam soon unless there is an upside surprise in Britain’s outlook. It’s been a busy couple of weeks for GBP/CAD, as th...

January 15, 2021 - Written by Tim Boyer While Britain’s outlook has improved over the past week, the British Pound to Japanese Yen (GBP/JPY) exchange rate is sliding today. Investors are hesitant to keep buying the Pound as focus on the possibility of Britain seeing a ‘double-dip recession’ rises. Meanwhile, the Japanese Yen is gaining a little on market risk-aversion, but Japan’s coronavirus and economic outlooks continue to keep pressure on the Yen overall. Since opening this week at...

 E-Mail IMAGE: Fishing boats amidst "Arctic sea smoke " near Qingdao, China on January 7th. Arctic sea smoke is a result of frigid air passing over relatively warm water; the phenomenon is rare,... view more  Credit: Shaoqing Wang Even with the COVID-19-related small dip in global carbon emissions due to limited travel and other activities, the ocean temperatures continued a trend of breaking records in 2020. A new study, authored by 20 scientists from 13 institutes around the world,...

January 11, 2021 - Written by Tim Boyer Concerns about surges of coronavirus infections in Britain, combined with rising speculation that the Bank of England (BoE) could introduce negative interest rates soon, have left the British Pound to US Dollar (GBP/USD) exchange rate tumbling today. A rebounding US Dollar has been able to more easily capitalise on the Pound’s losses. The US political situation is keeping the US Dollar more appealing, at least for now. GBP/USD opened last week at the l...