GBP Rate Gains As Conservatives Look Likely To Win Election - May 8, 2015 10:04

Demand for Sterling surged last night when the first unofficial exit poll showed that the Conservatives were likely to have won 316 seats out of a possible 650. The poll put Labour on 239, the Scottish National Party on 58, the Liberal Democrats on 10 and the United Kingdom Independence Party on two. The possibility […]

GBP Euro Exchange Rate Falls Into Election Day - May 7, 2015 10:49

British second quarter growth prospects were given a massive boost yesterday when Markit Economics announced that the dominant UK service sector performed at its strongest level for eight months in April. Smashing expectations of 58.5, the PMI printed at an impressive 59.5 as a surge in new business caused firms to continue hiring at a […]

Slugglish Pound in Light of Dismal Construction Data - May 6, 2015 10:44

Following on from last week’s dismal manufacturing and GDP prints, British economic sentiment took another knock yesterday morning when the latest UK construction PMI printed close to its lowest level for two years. Output dropped from 57.8 to 54.2, missing forecasts of 57.4, as clients held back on investment ahead of this week’s general election. […]

US Dollar Makes Slight Gains Versus Pound and Euro - May 5, 2015 9:58

The Pound Sterling advanced against the Euro as economists continued to worry about the situation in Greece and investors reacted to disappointing data out of France. Against the US Dollar, the Pound was holding close to a one-week low as the US currency regained ground due to Monday’s positive manufacturing data. Sterling is set to […]

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 […]