Currency Articles
Currency Articles - February 5, 2014 10:47
Mixed Bag Of Data – Uncertain Pound
While the Pound initially advanced yesterday as the UK’s GDP report confirmed that the nation’s economy enjoyed its strongest year of growth since 2007, the British currency went on to pare gains against the US Dollar and Euro. The ‘Cable’ remained close to a 2 ½ year high following a mixed bag of US reports […]
GBP Makes Gains Before The FOMC Announcement
While the Pound initially advanced yesterday as the UK’s GDP report confirmed that the nation’s economy enjoyed its strongest year of growth since 2007, the British currency went on to pare gains against the US Dollar and Euro. The ‘Cable’ remained close to a 2 ½ year high following a mixed bag of US reports […]
Euro and Dollar Gain Some Ground on the Pound
The Pound hit a 29-month high against the US Dollar following yesterday’s report which showed that unemployment in the UK fell to 7.1%. The fall increased expectations that the Bank of England will raise interest rates before other major Central Banks. US Dollar The US Dollar regained some ground against the Pound and pushed higher […]
British Pound Closes On Yearly High – Ready For Unemployment Data
The Pound is close to a one-year high against the Euro ahead of the release of data which is expected to show that UK unemployment fell closer to the Bank of England’s target of 7%. If the jobless rate does fall it will raise expectations for the Central Bank to raise interest rates sooner than […]
Pound Pushing Higher As Wednesday’s Unemployment Report Looms
The Pound is on course to reach a two-week high against the Euro as economists speculate that today’s CBI Business optimism Index climbed to its highest-level in 20-years during the last three months of 2013. The currency is also finding support as investors expect that Wednesday’s UK unemployment rate data will show that the jobless […]
UK Inflation Hits 2% – The First Time In 4 Years
The Pound made its biggest gain in two weeks against the US Dollar in yesterday’s session after a report showed that inflation in the UK fell to match the Bank of England’s target of 2%. -the first time it has done so in four years. Today, Sterling has softened as investors wait for Bank of […]
Under Pressure: The Dollar Hopes For Retail Sales Boost
The Pound fell against all of its peers yesterday after an index showed that recent UK economic data releases are falling short of economist expectations. The report weakened demand for the currency. Today, Sterling managed to recover some lost ground against the Euro on expectations that inflation data will come in better-than-expected. US Dollar The […]
Investors Look Ahead To Tuesday’s Retail and Inflation Data
The Pound remains close to a one-year high against the Euro in a quiet news day. Sterling was little moved against the US Dollar. Investors are looking ahead to Tuesday’s retail and inflation data releases which many believe will show that retails sales rose in December and inflation quickened, if so then the Pound will […]
Economists Predict: No Interest Rate Hikes
The Pound has climbed to a two-year high against the US Dollar ahead of the release of the Bank of England’s monetary policy announcement. Economists are predicting that the Bank will maintain its bond-buying target and keep interest rates at a record low. Against the Euro, Sterling is expected to come close to its highest […]
Tedious: The Pound Won’t Go Higher
The Pound is little moved against the Euro and US Dollar as investors await the release of a report which economists expect will show that UK house prices will rise at a slower pace in December. Prices are forecast to have risen by 0.9% in December, down from the 1.1% rise seen in November. The […]
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