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Currency Articles - January 15, 2014 10:38
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 […]
Those Problems With UK Banks?
As we all know, the UK banking sector had a torrid time through the last 5 years. Some will say (with a distant memory) it was all justified, by the way they helped bring the economy to it’s knees. However, all that aside, it seems that many are looking to invest in banks again. Let’s […]
Will the Price of Silver Soar or Slide in 2013?
Market analysts are predicting significant movement in the silver market. As gold prices continue to decline, will silver steal the financial trading limelight to become one of the best commodities to hold in 2013? Historical Prices In January 1980, the price of silver reached £17.18 per troy ounce – a rise of more than 2,000 […]
Oil, Iran and the West
Oil prices ended down Tuesday after opening sharply higher in a market weighed down from the speech by an officer of the Federal Reserve of the United States (Fed) questioning the effectiveness of the latest stimulus from the institution. Crude oil futures in New York did not go positive into the green all morning, supported […]
All Eyes on Oil as Saudi Arabia Looks to Increase Production
Direction of the global economy remains dark and rumours are rife Saudi Arabia intends to further increase its oil production. This week the current contract expires on Brent Oil, which fell a further 0.6% to $111.3 but WTI held up at 0.2%. In the wake of the ECB and the Fed there has been a […]
Oil Prices Rise After A Slowdown in Output Is Shown
The price of Crude Oil futures rose by a whopping 4.5% on Wednesday after the reported inventory data showed that output fell by 5.2 million barrels during the previous week. This ended a short two days of losses on oil prices. September Crude Oil futures ended the day at $82.89 at Nymex, whilst Brent Crude […]
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