Posts Tagged ‘BoE’
Currency Articles - February 11, 2014 15:29
All Eyes On Bank Of England
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 […]
Gold Surges on Inflation Expectations
The yield on a 10 year TIP securities dropped to -0.80% yesterday and in doing so sent Gold back over $1700 ounce towards $1720. Today the 10 year TIPS yield dropped to -0.85% and that sent Gold rocketing through last week’s high of $1731.75 to over $1743 per ounce. Inflation expectations are rising rapidly and […]
UK Inflation News Dominating FX Markets
This week will be crucial for the pound ahead of growing uncertainty over the outlook for the UK economy. Markets will watch closely the widely anticipated Quarterly inflation report due for release on Wednesday. Inflation news has been dominating price action in the past fortnight and is likely to continue to set the precedent moving […]
Sterling Jumps on Improved Sentiment
The Pound has made gains today across the majority of the most actively traded currencies. Gains can be attributed to improved sentiment driving the market. For the last couple of weeks the pound has suffered from negative sentiment caused by very poor Q4 GDP figures for 2010. The reversal has however been driven by last […]
Sterling Stages Surprising Recovery
The pound has staged a remarkable recovery this week after very poor Q4 GDP figures released earlier this month. It would appear that traders over did the sterling sell off on fears of a UK double dip recession. This week we have seen a rapid expansion in the CIPS manufacturing index on Tuesday and today […]
Interest Rate Focus Key to Market Direction
Markets have opened the week consolidating on last week’s fundamentals, trading within and not exceeding recent technical ranges.
Global Stocks Decline on Debt Fears
The cost of insuring European sovereign debt against default has risen today to a record high as Portugal, Spain and Italy prepare to borrow $43 billion this year. The fallout of the concern caused by this is a marked decline in risk appetite and subsequent decline in global stock markets
Euro continues to suffer from significant selling pressures
The Euro has been the key loser today, losing 1.6 cents in trade today. Eurozone unemployment figures and GDP figures announced this morning have failed to support the flailing euro. the ECB Chancellor Jean Claude Trichet has said this afternoon that governments should not rely on the ECB for bail outs and that they should […]
Euro Suffers over Sovereign Debt Fears
The Euro has come under pressure in the last few days as fears mount over sovereign debt contagion. The Euro has fallen against most of the world’s most actively traded currencies with the key EUR/USD pair making new lows at 1.3170 and GBP/EUR testing the 1.19 mark towards the end of the UK session today.
Bernanke maintains $600Bn still required
The federal reserve are adamant , that despite recent economic indicators pointing towards a strengthening US economy, the stimulus package designed to keep the recovery underway is still necessary moving forward into 2011. Policy makers have indicated that recent signs of economic strength will not deter them from pumping more money into the financial system […]
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