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Archive for the ‘Great Britain Pound’ Category

Pound Recovers against Euro, Dollar, Yen

Friday, February 8th, 2008

Great Britain poundToday the Great Britain pound started to recover from the week-long losses against the other major currencies, such as the U.S. dollar, euro and the Japanese yen.

BoE Lowers Rates, ECB Holds Them

Thursday, February 7th, 2008

Jean-Claude TrichetToday two important interest rates decision were highly anticipated by the markets — the monetary policy decisions by the European Central Bank (ECB) and the Bank of England (BoE).

GBP at Lowest Level Against JPY in 17 Months

Tuesday, January 15th, 2008

Great Britain PoundThe Great Britain pound today reached its lowest value against the Japanese yen since 11th of July, 2006, continuing the strong bearish trend that has started during early November 2007.

Pound Down, Euro Up after Central Banks’ Decisions

Thursday, January 10th, 2008

European Central BankBoth central banks decided their monetary policy changes today regarding their main interest rates. Both Bank of England and European Central Bank left their interest rates unchanged - 5.50% and 4.00% respectively as the majority of the market experts were predicting.

Pound is Recovering on Good PMI Data

Friday, January 4th, 2008

Great Britain poundThe Great Britain pound recovered the part of its recent losses against the euro, the dollar and the yen today after the U.K. services index for December (reported by the Chartered Institute of Purchasing and Supply) unexpectedly rose.

EUR/GBP Continues Triumphal Rally

Friday, December 28th, 2007

Great Britain PoundToday euro reached a new record high value against the Great Britain pound after the real estate market of the United Kingdom brought even more negative news thus increasing the chances for the Bank of England to cut the interest rate in January or February 2008.

British Pound Declines for a Third Day

Thursday, December 20th, 2007

Great Britain poundPound sterling is experiencing a continuous downfall that started more than a month ago in earlier November. GBP/USD has lost more 5.8% since November 9 - when it reached its maximum value in many years.

Bank of England Cut Rate by 0.25

Thursday, December 6th, 2007

Great Britain poundThe Bank of England’s Monetary Policy Committee today decided to reduce the official interest rate paid on commercial bank reserves by 0.25% from 5.75% to 5.5%. The decision was driven mainly by the slowdown in the economical output and moderating consumers’ spendings.

Great Britain Pound Falls on Rate Cut Expectation

Wednesday, December 5th, 2007

Great Britain PoundGreat Britain pound reached its two month minimum value against U.S. dollar today under the pressure of an interest rate cut during tomorrow Bank of England rates decision. GBP/USD touched 2.0353 level - the lowest since October 23.

U.K. Monetary Policy Committee Minutes Released

Wednesday, November 21st, 2007

Deputy Governor John GieveMinutes of the last (7 and 8 November) Bank of England Monetary Policy Committee were released today, showing the vision for the U.K. economy by the committee members. As the interest rates decision was known by the traders already - BoE left rates unchanged at 5.75%, the major interest was drawn to the exact voting details.