Unemployment Level Suggests UK Is Ready For Rate Hike But Speculation Still Says No - October 16, 2015 12:29

Although hopes of a rate hike from the Bank of England before Christmas were mostly thrown out the window weeks ago the Pound did retain a steady stream of buy orders yesterday, deriding from Wednesday’s upbeat British unemployment report. The latest UK labour data showed that the jobless rate sunk to a new seven-year low […]

GBP/EUR Sinks To Month Low As Concerns On VW Continue - September 25, 2015 9:31

The Pound continued to struggle versus the majors yesterday as speculative investors pushed rate hike bets further into the future. Markets now expect the Bank of England to remain on the sidelines until October of next year – despite comments from BoE Governor Mark Carney suggestive of a rate rise in the second quarter of […]

GBP Continues Slide As Rate Rise Speculation Continues - September 24, 2015 11:02

The Pound weakened yesterday as the dust continued to settle from the Federal Reserve’s latest monetary policy announcement. The US central bank opted to leave rates on hold in September last Thursday and the dovish tone in Chairwoman Janet Yellen’s accompanying press conference caused investors to push back their Fed rate hike bets from three […]

Borrowing Up And Its Bad News For The UK Government - September 23, 2015 12:10

Sterling suffered yesterday as investors reacted to some bad news for the UK government. The big news of the day was a public sector borrowing report, which showed that £12.1 billion was needed to balance the books in August – up from £0.7 billion in July and much higher than analysts’ forecasts of £9.2 billion. […]

Pound Holds Range As Market Awaits Fed Interest Rate Decision - September 15, 2015 14:00

Sterling fluctuated on Monday as investors responded to hawkish comments from Bank of England (BoE) officials and the election of Jeremy Corbyn as Labour leader. The currency failed to exert itself beyond technical resistance against the US Dollar and remained trading in the 1.36 range against the Euro. Pound volatility is likely to occur this […]

Pound Gaining Strength Against It’s US Cousin - September 9, 2015 10:59

Sterling posted further gains against most of the majors yesterday as investors reacted to news of a deal that could see £3.5 billion pumped into the British economy. The Pound surged following an announcement from Japanese company Mitsui Sumitomo Insurance suggesting it was close to completing a £3.5 billion takeover of British insurance firm Amlin. […]

GDP Report Due – Pound Ready To Move - July 27, 2015 13:37

The Pound put in a fairly optimistic performance against the majors on Friday as investors geared up for this week’s UK GDP report. Data due for release on Tuesday is expected to show that economic growth accelerated from 0.4% to 0.7% during the second quarter of the year. If the report prints in line with […]

Pound Under Pressure From Interest Rate Comments - June 30, 2015 9:38

WH13762612 After achieving a fresh seven-year high against the Euro yesterday, the Pound lost out by around 200 pips before the close of trade. While hopes that Greece will vote Yes in the upcoming referendum (and effectively keep the nation in the currency bloc) supported the Euro, Sterling came under pressure due to dovish interest […]

Retail Figures Could Push GBP Further - June 18, 2015 10:01

The Pound was trading near the 1.40 level against the Euro on Thursday as concerns over Greece boosted demand for safe-haven assets. Against the US Dollar, Sterling strengthened to 1.58 as the Federal Reserve lowered both its growth forecast and interest rate projections. The Pound could make further gains if the latest British retail sales […]