Non Farm Payrolls Set To Disrupt Currencies - July 3, 2014 9:49

The Pound softened away from yesterday’s new multi-year highs against the Euro and US Dollar at the start of the session as investors looked ahead to today’s ECB policy meeting and the publication of the latest US non-farm payrolls data. Sterling is likely to push higher in the morning if today’s Markit/CIPS UK Services PMI […]

USD Weakens Further Against The Pound - July 1, 2014 9:22

The Pound softened against a number of peers yesterday after data showed that mortgage approvals in the UK fell to an 11-month low. Losses were restrained however as the currency continues to be supported by expectations that the Bank of England will be the first major central bank to raise interest rates. Sterling could find […]

Mortgage Data Key To Start of Week - June 30, 2014 9:24

The Pound was softer against the Euro but maintaining its position above the 1.70 level against the US Dollar on Monday. A bout of profit taking by investors over the weekend softened GBP as a whole and on concerns that the election of new EU Commissioner Jean-Claude Juncker could increase the possibility of the UK […]

UK House Prices Slow Down - June 27, 2014 10:53

The Pound softened slightly against the Euro on Friday as data released by Hometrack Ltd. showed that UK house prices rose at their slowest pace in five months. The report suggests that demand is slowing as homebuyers become more cautious on the housing market. A separate report released by the GfK showed that confidence rose […]

GBP Rate – Pound Held Back By Carney’s Comments - June 26, 2014 9:10

The Pound remained lower against most of its major peers as it continued to be weighed down by Tuesday’s dovish comments by Bank of England Governor Mark Carney. Sterling briefly slipped to a one-week low against the US Dollar before regaining ground following poor US data and edged further away from the key 1.25 level […]

GBP Rate – No Push Higher – Yet - June 25, 2014 9:33

The Pound fell below the key 1.50 level against the Euro and the 1.70 level against the US Dollar yesterday after the currency was weakened by dovish comments made by Bank of England Governor Mark Carney. In testimony to parliament’s Treasury Committee, Carney said the exact timing of rate rises would be driven by data […]

Clarity On Interest Rates Needed For GBP Rate To Progress - June 24, 2014 11:00

The Pound is little moved against its peers but is holding close to a five year high against the US Dollar and is maintaining gains against the Euro. With a lack of market moving data releases there is likely to be muted trading. However, a speech due to be given by Bank of England Governor […]

GBP Rate – The Pound Just Keeps On Going - June 20, 2014 9:19

GBP continued to trade at a five-year high against the US Dollar as a result of uncertainty over US interest rates and was higher against the Euro after the release of weaker than expected German PPI data. Sterling could make further advances if today’s UK public sector borrowing data comes in positively. US Dollar The […]

Could That Have Been The Top On GBP? - June 19, 2014 9:15

Pound dropped sharply yesterday against the Euro and other major peers after the minutes of the Bank of England’s June policy meeting were less hawkish than economists had been hoping. The minutes reduced expectations that the BoE will raise interest rates before the end of the year. GBP has been flirting with five year highs […]