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 […]

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 […]

Jobless Claims Fall As Does the Dollar - January 16, 2014 15:37

In economic data today coming from the United States, the initial weekly jobless claims fell by 2000 to 328,000 for the week ended 11th January. This figure was just slightly above the consensus estimate which had all been pointing at a reading of around 325,000. Also released the same time were the secondary unemployment claims […]

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 […]

Investors Look Ahead To Tuesday’s Retail and Inflation Data - January 13, 2014 12:10

The Pound remains close to a one-year high against the Euro in a quiet news day. Sterling was little moved against the US Dollar. Investors are looking ahead to Tuesday’s retail and inflation data releases which many believe will show that retails sales rose in December and inflation quickened, if so then the Pound will […]

Economists Predict: No Interest Rate Hikes - January 9, 2014 11:47

The Pound has climbed to a two-year high against the US Dollar ahead of the release of the Bank of England’s monetary policy announcement. Economists are predicting that the Bank will maintain its bond-buying target and keep interest rates at a record low. Against the Euro, Sterling is expected to come close to its highest […]

Tedious: The Pound Won’t Go Higher - January 8, 2014 11:25

The Pound is little moved against the Euro and US Dollar as investors await the release of a report which economists expect will show that UK house prices will rise at a slower pace in December. Prices are forecast to have risen by 0.9% in December, down from the 1.1% rise seen in November. The […]

Forex Outlook for the Week Ending December 9th, 2011 - December 6, 2011 2:22

Significant economic events that have a major impact on forex and currencies markets for the week ending December 9th are as follows: On Monday December 5th, 2011, United States reported its official data on factory orders while Institute of Supply Management released its report on service sector activity. In euro zone, revised data on service […]

Weekly Outlook for Euro - August 23, 2011 23:54

List of major events to affect the trading of euro against the US dollar for the week ended August 26th are as follows:- On Monday, August 22nd, 2011, United States reported its official data on mortgage delinquencies. Today on Tuesday, euro zone released its initial data on manufacturing and services sector activities. France and Germany […]