The pound made a recovery of sorts after three solid days of falls against the euro on the back of a report from the British Chambers of Commerce (BCC) that sharply upped its 2013 growth forecast for the UK economy,…
Yesterday, the pound gave up some of its recent gains despite better than expected data from the Confederation of British Industry’s [CBI] who reported in its distributive trades survey the strongest balance since…
Risk aversion has returned to dominate the markets with a vengeance with all three ‘safe-haven’ currencies, the US dollar, Japanese yen and the Swiss franc rising strongly yesterday and world stock markets going in the…
The pound closed last week buoyed by the latest data release from the Office for National Statistics (ONS) which reported that UK gross domestic product (GDP) for the second quarter of this year has been revised upwards…
In complete contrast to the wishes of the Bank of England who want to keep a lid on the value of the pound in order to stimulate exports and aid the economic recovery in the UK, the recent better than expected data out…
The pound enjoyed another good day in the foreign exchange market yesterday despite some mixed economic data. The Office for National Statistics (ONS) reported that public sector net borrowing, excluding the temporary…
The US dollar is feeling the pressure ahead of tonight’s policy announcement from the Federal Reserve, falling to a 2 month low against the pound and a six month low against the euro yesterday. The minutes from the Fed's…
The pound opened at a 7 week high against the euro and a 8 week high against the US dollar after receiving a boost from better than expected UK retail sales figures and a positive report from the Confederation of British…
This week has been one of more ups than downs for Sterling. With the UK’s economic outlook brightened by several pieces of stronger-than-anticipated news the Pound is set to record a second consecutive 5-day gain against…
With yesterday’s better-than forecast UK employment figures continuing to support the Pound, the British currency was able to begin European trading stronger against rivals including the US Dollar and Euro. The Pound’s…
Over the last four weeks the Pound has strengthened by 0.9 per cent as the currency has been boosted by increasingly positive UK data and a brightening economic outlook for Britain. The British currency was able to…
As the European session began the Pound was trading within touching distance of a month-high against the Euro and in the region of 1.5479 against the US Dollar. Overnight the British currency was supported by a report…
Last week’s significantly stronger-than-anticipated UK services PMI, coupled with the Bank of England raising the UK’s growth forecast, saw the Pound put in a commendable performance against peers including the US Dollar…
Prior to the release of UK construction output and trade balance figures the Pound was holding steady against the Euro and US Dollar after advancing on its rivals yesterday amid improving global economic sentiment and…
Yesterday’s Bank of England inflation report, and unprecedented forward guidance regarding interest rate alterations, inspired notable Sterling fluctuations. Interest rate hikes were linked to the unemployment rate for…
Although the Pound strengthened against both the Euro and US Dollar during the European session as UK industrial production surged and house prices climbed, the British currency went on to post modest losses against the…
After UK services PMI was shown to have unexpectedly surged in July, hitting its highest level for over six years, Britain’s economic outlook was boosted and the Pound broadly strengthened. Sterling climbed to 1.5375…
Towards the close of last week the Pound gathered support from the Bank of England’s decision to maintain its current level of asset purchases as well as surprisingly strong UK manufacturing/construction PMI. As the…
The pound received an unexpected boost yesterday after the Bank of England's Monetary Policy Committee (MPC) decided to hold off from an announcement on the much vaunted ‘forward guidance’ policy expected to be announced…
Ahead of today’s monthly policy announcements from both the Bank of England (BoE) and European Central Bank (ECB), the pound fell to trade at a 4 month low against the euro. The BoE are expected to implement the policy…