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 […]

GBP Advances On Weekend House Price Report - April 28, 2014 10:13

The Pound advanced against the Euro and US Dollar after a report released over the weekend showed that UK house prices increased for a 15th consecutive month in April suggesting that momentum in the UK property market has spread beyond the confines of London. With a lack of key data due for today Sterling is […]

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 […]

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 […]

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 […]

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 […]

Under Pressure: The Dollar Hopes For Retail Sales Boost - January 14, 2014 11:45

The Pound fell against all of its peers yesterday after an index showed that recent UK economic data releases are falling short of economist expectations. The report weakened demand for the currency. Today, Sterling managed to recover some lost ground against the Euro on expectations that inflation data will come in better-than-expected. US Dollar The […]