GBP Gets Ready for an Unpredictable Day with Meaningful Vote 2 - March 12, 2019 11:34

All eyes are once again focused on the British Pound, with a crunch vote happening today on the deal which Theresa May has secured with the EU parliament. As news broke on Monday evening that there was now an agreement on the Northern Ireland backstop (which has been the main point of controversy throughout the […]

FTSE / DAX Still Weak Moving Into End of Year - December 17, 2018 11:02

Shares in the UK and Europe are still languishing near their year lows, as the often strong time of year for the markets arrives, and nearly passes. The FTSE 100 made a clean break of the support in early December, under 6850 and has since not shown any real strength to suggest it will attempt […]

British Pound Makes Gains on Brexit News Ahead of US Non Farm Payrolls - September 6, 2018 9:31

Yesterday the British Pound made gains across the board as word surfaced that progress towards an agreement on Brexit is being made. Instantly the Pound surged against all other currencies. The main gains were made against the US Dollar with weaker than forecast trade balance data arriving on US markets opening. While a final deal […]

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 […]

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 […]

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 […]