US Dollar Remains Weak. Durable Goods Data Could Offer Support. - April 24, 2015 10:07

The Pound Sterling held onto gains against the US Dollar but gave up some ground against the Euro on Friday. Weaker-than-forecast UK retail sales data had weighed on the Pound but more soft data out of the US enabled the currency to advance. With a lack of market moving domestic data due, the Pound will […]

GBP Under Pressure With Hung Parliament Fear - April 2, 2015 11:37

Fears that the upcoming UK general election could result in a hung parliament put the Pound under pressure on Wednesday and the British asset softened against the majority of its currency counterparts. Not even an upbeat UK Markit Manufacturing PMI was enough to help Sterling and the GBP/EUR pairing fell back below 1.38. This morning’s […]

News Awaited On Greek Bailout as GBP Stalls - February 11, 2015 11:26

The Pound gave up some of yesterday’s gains against the Euro as investors await talks over the Greek bailout. The currency could soften further if it appears that a compromise will be struck. Against the US Dollar and other peers, the Pound remained firm following yesterday’s positive domestic data releases. US Dollar The US Dollar […]

Dollar Remains Strong As Oil Prices Fall - December 12, 2014 11:47

The Pound was mixed against it most traded peers as Thursday’s soft house price data continued to weigh on the currency. Sterling could experience some movement later in the session if the latest UK construction output data shows more signs of weakness. With additional data in short supply, the currency’s movement will depend on reports […]

All Eyes On GDP Data as Pound Holds Support - November 25, 2014 10:33

The Pound softened against the Euro and US Dollar on Tuesday as data out of Germany and France came in positively and as investor attention turns to Wednesday’s UK GDP data release. The UK currency could see movement when Bank of England Governor Mark Carney delivers a speech in London later in the session. US […]

Outlook for the Pound and Dollar - November 20, 2014 11:03

The Pound went back on the retreat against the Euro and other peers after edging higher on Wednesday because minutes from the Bank of England’s (BoE) November policy meeting showed that more policy makers than expected continued to be in favour of increasing interest rates. Overnight, Sterling fell as economists increased their bets that a […]

Pound Still in Downwards Trend Fuelled by Economic Outlook - November 19, 2014 10:43

The Pound fell to its lowest level in over a month against the Euro and remained hovering around a 14-month low against the US Dollar as investors focus on the release of the minutes of the last Bank of England monetary policy meeting. The minutes are likely to show that policy makers have become more […]

Dollar Gains Ground into Veterans Day - November 11, 2014 11:09

The Pound recovered ground against the Euro and other peers after the US Dollar found renewed support and a report showed that UK retail sales increased in October due to shoppers splashing out on Halloween costumes and items. According to the British Retail Consortium (BRC) retail sales increased by 1.4%. The mild autumn, however, meant […]

Rebound in EURUSD Makes a Sharp Retrace - November 5, 2014 10:34

Finally there was a rebound on Tuesday afternoon for EurUsd on the foreign exchange market, after halting many days and weeks of declines, and testing the year low at 1.2440 early this week. However, normal service resumed today, with a fall starting late in Asian trading which retraced all of yesterday’s gains. Overall, the underlying […]