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Ayondo: “Sterling Takes Market by Surprise with Show of Strength Following Carney Speech”
Jordan Hiscott, Chief Trader at ayondo markets:
“It’s not often in recent times that we’ve been able to talk about Sterling in terms of relative strength, but that’s exactly what we have today, with GBPUSD trading to a high of 1.30 – over 700 pips higher from the April low of 1.23.
“The currency has been on a tumultuous ride recently, largely thanks to the hung parliament resulting from the snap election, which saw GBPUSD move lower from 1.29 to 1.27. But with today’s move to 1.30, speculative short positioned traders from the leveraged sector certainly have been caught offside.
“While the retracement to 1.30 doesn’t fully surprise me, the speed at which it’s attained this level has. For the upwards move to continue, Sterling will have to break through recent resistance at 1.3050. This will no doubt with be aided by Mark Carney’s slightly hawkish speech on the possibility of higher interest rates.”
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CLS Appoints Six New Board Directors
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of six new members to its Board of Directors at the CLS Annual General Meeting held on 9 June 2026.
Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World
Mobey Forum’s Fraud Expert Group has published a new report, Rethinking Fraud in a Connected World: Trust, Collaboration, and Resilience in the Digital Ecosystem, exploring how fraud is evolving beyond traditional banking threats and why stronger collaboration across industries is becoming essential.
SumUp Launches in Canada
SumUp, the global financial technology company, today announced its official launch in Canada. The milestone makes Canada SumUp's 38th market and its latest step in building out its presence across the Americas, as the company continues its mission to make commerce simpler and more accessible for all businesses worldwide.
European Fintech Association Elects New Board of Directors
The European FinTech Association (EFA) today announced the election of its new Board of Directors, bringing together senior leaders from across Europe's fintech ecosystem to guide the Association's work over the coming term.
G+D: Navigating the Future of Fintech Agility and Innovation
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Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support
Connect IFA Ltd is pleased to announce key leadership appointments designed to strengthen its commitment to growth and enhance the support it provides to advisers and network members.
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