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 […]

Emphasis Turns To Rate Hikes - June 8, 2015 9:13

Sentiment towards the Pound improved slightly on Friday in response to a fairly sanguine inflation expectations report. Despite the consumer price index currently standing at a half-century low of -0.1%, the Bank of England’s latest survey showed that Britons expect inflation to rise to +2.2% over the next 12 months. Governor Mark Carney commented last […]

UK Economy Grows Despite Q1 Slowdown - June 1, 2015 9:12

Over the weekend the Confederation of British Industry (CBI) suggested that despite the slowdown during the first three months of the year the UK economy grew at its fastest pace for 12 months during the second quarter. CBI chief Rain Newton-Smith commented that a ‘stellar increase’ in private sector activity combined with ‘increased spending power’ […]

US Dollar Gains Ground After Housing Data - May 20, 2015 10:01

The Pound Sterling declined against the US Dollar as the currency remained under pressure from Tuesday’s negative UK inflation data. Inflation dipped -0.1% in April, defying expectations for an unchanged figure. Against the Euro the Pound advanced sharply as economists raised their bets that Greece will default on its June 5 debt repayment to the […]

BOE Suggesting Interest Rates Won’t Rise This Year - May 14, 2015 11:28

So, the big news is that the Bank of England reduced its growth forecasts for this year and next, and in so doing appeared to indicate that interest rates won’t rise until this time next year. The cautionary statement from BoE Governor Mark Carney had a detrimental impact on the Pound against most of the […]