Ahead of the latest policy announcement from the US Federal Reserve, the markets were choppy as both worldwide central banks and market makers positioned themselves ahead of the announcement. On a ‘no data’ day in the…
The pound remained steady yesterday as the latest UK gross domestic product (GDP) came in exactly in line with expectations with a quarter-on-quarter expansion of 0.7% in the last quarter of 2013 and 2.8% year-on-year…
Ahead of the publication of the latest GDP data for the UK economy later this morning, the pound made steady if unspectacular progress at the start of the trading week. The British Bankers’ Association (BBA) reported…
The pound eased against the euro yesterday after the Confederation of British Industry’s (CBI) Distributive Trades Sales Index dropped sharply from a reading of 34 in December 2013 to just 14 in January. The slowdown in…
The pound soared yesterday after another strong raft of UK economic data was published. It is now trading at a 6 year high against the South African Rand; a 4 year high against the Australian and Canadian dollars and a 1…
Ahead of the release of a raft of UK economic data, the pound kept hold of recent gains to continue to trade close to multi month highs against the euro and US dollar and multi-year highs against the Australian, New…
The pound received a further boost yesterday on an otherwise quiet data day after property website Rightmove reported that UK house prices enjoyed their strongest ever start to a new year and rose year-on year at the…
The pound reached its highest level against the Australian dollar since September 2009 after the publication of the worst job market report down under for 8 months increased speculation that the Reserve Bank of Australia…
Better than expected economic and company result data from the US have driven most worldwide stock markets to record highs with the S&P 500 in New York and the DAX in Frankfurt hitting all time record highs and the…
The pound initially fell but regained its morning losses in the afternoon after the Office for National Statistics (ONS) reported that UK consumer prices gained just 0.4% in December to reach a level of 2% year-on-year,…
The pound fell for the second consecutive trading day yesterday on the back of some mixed UK economic data. On the plus side, the National Institute of Economic and Social Research (NIESR), a well respected ‘think-tank’…
The pound reached yesterday afternoon its highest level against the euro since January 2013 ahead of the Bank of England policy announcement due at lunchtime today. Investment bank Goldman Sachs is predicting that the…
Before the latest policy announcements from both the Bank of England and the European Central Bank due out tomorrow, the pound regained most of Monday’s losses after the British Chambers of Commerce (BCC) announced that…
The pound opened the first full trading week of the year on the back foot following the publication of disappointing UK services sector data which came in at a 6 month low and below analysts’ expectations. Commenting on…
Although the Pound brushed a two-year high against the US Dollar earlier in the week and continues to receive underlying support from the impressive economic data emerging from the UK, the British asset slipped against…
With markets returning to normal after the Christmas and New Year breaks the Pound was able to consolidate gains against the Euro during European trading. The British currency was supported by a report showing that the…