Dollar Holds Strong Against Euro and Pound - October 6, 2014 9:37

The Pound retreated against a number of major peers after UK Business Secretary Vince Cable and the International Monetary Fund both said that the currency is overvalued by 10%-15%. The comments add to those made last week by Bank of England Deputy Governor Ben Broadbent. Sterling could regain some ground if Tuesday’s Manufacturing Production and […]

Pound and Euro Cave In To Pressure - October 3, 2014 10:13

The Pound remained under pressure against the US Dollar for a seventh day in a row after Bank of England policy maker Ben Broadbent said that the UK’s economic recovery may not be strong enough to justify an interest rate increase. Sterling could see further movement if the session’s latest Markit/CIPS Services PMI data comes […]

Chaos Surrounds The Pound - September 12, 2014 9:47

The Pound was holding onto Thursday’s gains after another opinion poll showed the Pro-UK No campaign in the lead ahead of next week’s Scottish Referendum. Comments made by Royal Bank of Scotland indicating that it would move operations into England in the event of a Yes vote were also deemed as a positive as traders […]

Pound Falls Strongly After UK Interest Rates Unchanged - September 5, 2014 9:28

The Pound surged back above the 1.26 level against the Euro on Thursday due to the European Central Bank’s (ECB) surprise decision to cut interest rates to a new record low of 0.05%. Against the US Dollar, the UK currency declined to its lowest level since November last year. With no UK centric data due […]

Ukraine Tensions Ease And Dollar Gains - August 12, 2014 9:24

The Pound softened against the US Dollar but was holding ground against other major peers after a report released by the British Retail Consortium showed that the value of UK food sales tumbled by its biggest margin in more than five years in the three months leading up to July. Sales are forecast to show […]

Could The Pounds Run Be Over? - July 30, 2014 9:20

The Pound softened against its major peers and looks set to continue that trend over the coming days as hedge funds and speculators reduced their expectations for the currency to make further gains by 28,915 contracts, the biggest fall in a year. With no domestic market-moving data due out today Sterling will be at the […]

Inflation Rises But Unemployment Unchanged - July 16, 2014 9:45

The Pound made solid gains against the Euro and most other major peers on Tuesday after data showed that inflation in the UK increased more-than-expected last month to 1.9%, just off of the Bank of England’s target of 2%. Against the US Dollar the Pound briefly touched a new six-year high before easing later in […]

Gold Falls But Higher Prices May Be On The Horizon - July 15, 2014 12:40

Gold prices fell sharply yesterday (Monday 14th) as a stop triggering run plunged the shiny stuff back to the top of the mid June spike. A general boom on the stock market has been chosen as the catalyst by many analysts, but as we well know, Gold is a beast for spiking and running those […]

Forex Report For The Coming Week - July 14, 2014 9:39

The Pound remains close to a six-year high against the US Dollar despite softening slightly at the end of last week as a result of the release of weaker-than-expected construction data. The data showed that construction output dropped by 1.1% in May, the largest drop seen since February. Further losses were restrained as the data […]