GBP Rate Pushes The Five Year Highs - June 17, 2014 9:26

The Pound is trading close to yesterday’s five-year high against the US Dollar and is holding its gains against the Euro as the currency continues to be supported by comments made by key figures at the Bank of England which suggest that interest rates in the UK could be hiked sooner than investors expect. Today […]

Dollar Shows Weakness In Light Of Iraq Situation - June 16, 2014 9:41

The Pound advanced above the $1.70 mark for the first time since 2009 early on Monday and strengthened against the majority of its most traded peers after Bank of England Deputy Governor Charlie Bean said that he would welcome a rise in interest rates as it would indicate that the UK economy was returning to […]

Lack Of Data Keeps Forex Markets Static - June 10, 2014 10:18

On Monday European trading was rather stilted due to a lack of influential economic reports. However, an increase in the Lloyds business confidence index and a decline in the Eurozone’s Sentix investor sentiment measure did help the Pound edge higher against the Euro. Sterling volatility could be occasioned in the hours ahead if today’s UK […]

GBP Falls After “No Raise” Statement On Interest Rate - May 15, 2014 9:11

The Pound fell against the majority of its peers yesterday after the Bank of England said that it was in no rush to raise interest rates and failed to revise its growth forecasts for the coming year as economists had expected. Positive unemployment data was overshadowed by disappointing wage growth figures. With a lack of […]

GBP Rate Climbs To Highest Level In Years - May 7, 2014 9:32

The Pound climbed to its strongest-level in years on Tuesday as positive service PMI data combined with a softer-than-forecast US trade report. Sterling looks set to remain supported throughout today’s session as investors look ahead to tomorrow’s Bank of England interest rate and quantitative easing decisions. With the UK economy performing strongly, pressure is building […]

GBP Exchange Rate Closes In On 4 Year High - April 30, 2014 10:34

The Pound advanced for a fourth consecutive day against the US Dollar yesterday, as the GBP exchange rate to came close to a four-year high and made a gain against the Euro as investors increased their bets that the UK economy will see a pickup in growth. The currency continued to strengthen yesterday despite GDP […]

USD Rate: Pending Home Sales Rise - April 29, 2014 14:04

The Pound softened slightly against most of its peers as investors take a wait-and-see approach to today’s UK GDP figures. If the data comes in strongly then the Pound could challenge the 1.70 mark against the US Dollar, rise against the Euro and put increased pressure upon the Bank of England to normalize its monetary […]

GBP – 7 Week High Against Euro - April 23, 2014 10:54

The Pound is trading at a seven-week high against the Euro as investors await the release of the minutes of the Bank of England’s March policy meeting. Speculation that policy makers are moving closer to raising interest rates lent support to the Pound. Against the US Dollar the currency is trading close to a four […]

Pound Holding the Highs and Looking Strong - February 26, 2014 10:54

The Pound is holding steady against the Euro and US Dollar as economists await the publication of a report which showed that the UK economy expanded in the fourth quarter of last year. GDP is forecast to have risen by 0.7%, slightly lower than the previous quarter’s figure of 0.8%. The currency is expected to […]