Ukraine Tensions Ease And Dollar Gains - August 12, 2014 9:24

The Pound softened against the US Dollar but was holding ground against other major peers after a report released by the British Retail Consortium showed that the value of UK food sales tumbled by its biggest margin in more than five years in the three months leading up to July. Sales are forecast to show […]

Could The Pounds Run Be Over? - July 30, 2014 9:20

The Pound softened against its major peers and looks set to continue that trend over the coming days as hedge funds and speculators reduced their expectations for the currency to make further gains by 28,915 contracts, the biggest fall in a year. With no domestic market-moving data due out today Sterling will be at the […]

Inflation Rises But Unemployment Unchanged - July 16, 2014 9:45

The Pound made solid gains against the Euro and most other major peers on Tuesday after data showed that inflation in the UK increased more-than-expected last month to 1.9%, just off of the Bank of England’s target of 2%. Against the US Dollar the Pound briefly touched a new six-year high before easing later in […]

GBP Rate: Declines on Manufacturing Data - July 8, 2014 9:56

Although economists had hoped that UK Manufacturing Production and Industrial Production advanced by 0.4% and 0.3% in May respectively, both levels of output actually dropped. The unexpected 0.7% and 1.3% month-on-month losses weren’t well received by investors and the Pound posted widespread declines shortly after the data was published. The National Institute of Economic and […]

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 […]