- Expert Views
Trading commentary: Currencies Direct
Mark O’Sullivan, Director of Dealing, Currencies Direct.
Mark has over 20 years experience working in both the corporate and retail foreign exchange markets having worked for a number of companies including MW Marshall’s, Harlow Garban and GT Trading, where he was a partner. Mark is held in high regard within the industry and regularly features on CNBC, Bloomberg and in the Financial Times providing expert opinion on the currency markets.
Posted on: 20 February 2017
After disappointing Retail Sales figures for the UK last Friday and a drop in sterling, the pound begins today looking relatively positive.
Posted on: 11 October 2016
Both the FTSE and oil prices sparked into life yesterday, as Commodity Prices rose with the increase of Brent Crude, after Vladimir Putin demonstrated a sense of understanding to Opec’s situation.
Posted on: 7 October 2016
Sterling found itself 6% worse off against the dollar overnight during the Asian trading session, but has since staged a respectable recovery, down 1.5%.
Posted on: 6 October 2016
Sterling continued its most recent nosedive yesterday. Despite recent, positive data for the UK. investors are shaken by fears of a hard Brexit.
Posted on: 4 October 2016
Philip Hammond's positive tone and plan to spend the UK's way through Brexit was met by the pound falling off a cliff in early trading today.
Posted on: 30 September 2016
The markets were rattled yesterday, after reports from Bloomberg that 10 hedge funds had cut their exposure to Deutsche Bank. Will Merkel offer a bailout?
Posted on: 29 September 2016
The price of oil surged late last night as the Organisation of the Petroleum Exporting Countries (OPEC) have agreed, somewhat provisionally, to cut oil production for the first time in 8 years.
Posted on: 23 September 2016
The week's biggest events ended in anti-climactic fashion, so Friday's focus is Eurozone and US Flash PMI data, followed by Candian PMI and retail sales...
Posted on: 16 September 2016
The BoE rate decision meeting didn’t provide any fireworks yesterday, as UK policymakers voted 9-0 in favour to keep interest rates unchanged...
Posted on: 15 September 2016
The Greenback recovered its strength after a period of volatility caused by mixed data releases and general dovishness from FOMC members...
Posted on: 9 September 2016
Investors were left disappointed yesterday, as Mario Draghi didn’t come up with the expected goods, failing to announce further monetary stimulus for the Eurozone economy.
Posted on: 8 August 2016
Market movement dictated by US and UK, with US NFP figures much stronger than predicted, and Mark Carney cutting the BoE's interest rate by 25bp...
Posted on: 5 August 2016
The Bank of England have cut interest rates to a record low 0.25% and increased quantative easing, as well as adjusting their forecasts for UK growth...
Posted on: 3 August 2016
Sterling has strengthened enough to regain some of the ground it lost at the start of the week, but today's weak data is unlikely to help its cause...
Posted on: 2 August 2016
The pound is attempting to fight off the dangers of the UK's poor economic date in the build up to the latest BoE decision on interest rates and QE...