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 […]

All Eyes On Bank Of England - February 11, 2014 15:29

The Pound climbed to a one-week high against the US Dollar after data released early in Tuesday’s session showed that UK retail sales growth picked up speed in January, increasing optimism that the UK economic recovery is continuing to pick up speed. With hardly any major data releases due for the rest of the day […]

GBP Edged Higher To Regain Early Loss - February 7, 2014 11:19

After softening against the majority of its rivals yesterday following the Bank of England’s decision to leave policy unchanged, the Pound clawed back losses this morning. Sterling edged higher against the Euro and US Dollar ahead of the release of reports which are expected to show that UK industrial output increased in December. US Dollar […]

Mixed Bag Of Data – Uncertain Pound - February 5, 2014 10:47

While the Pound initially advanced yesterday as the UK’s GDP report confirmed that the nation’s economy enjoyed its strongest year of growth since 2007, the British currency went on to pare gains against the US Dollar and Euro. The ‘Cable’ remained close to a 2 ½ year high following a mixed bag of US reports […]

GBP Makes Gains Before The FOMC Announcement - January 29, 2014 10:25

While the Pound initially advanced yesterday as the UK’s GDP report confirmed that the nation’s economy enjoyed its strongest year of growth since 2007, the British currency went on to pare gains against the US Dollar and Euro. The ‘Cable’ remained close to a 2 ½ year high following a mixed bag of US reports […]

Euro and Dollar Gain Some Ground on the Pound - January 23, 2014 11:03

The Pound hit a 29-month high against the US Dollar following yesterday’s report which showed that unemployment in the UK fell to 7.1%. The fall increased expectations that the Bank of England will raise interest rates before other major Central Banks. US Dollar The US Dollar regained some ground against the Pound and pushed higher […]

British Pound Closes On Yearly High – Ready For Unemployment Data - January 22, 2014 10:29

The Pound is close to a one-year high against the Euro ahead of the release of data which is expected to show that UK unemployment fell closer to the Bank of England’s target of 7%. If the jobless rate does fall it will raise expectations for the Central Bank to raise interest rates sooner than […]