The Great Britain pound jumped today as Bank of England Chief Economist Spencer Dale talked about the possibility of an interest rate hike next year, saying that it is a likely event.
February 13th, 2014 at 20:03
February 11th, 2014 at 5:11
The Great Britain pound advanced against the US dollar and was almost flat versus the euro and the Japanese yen today. Positive retail sales data helped the currency to overcome the bearishness somewhat, though the current moves are not trend changing.
The Great Britain pound was not performing particularly well this year, trading in a range, but with a downside bias. Last week, the currency started with a loss, but managed to bounce by the weekend, closing flat. This week may be very important in deciding the future of sterling.
February 06th, 2014 at 12:25
The Great Britain pound traded sideways today, and the Bank of England provided the currency little help in finding direction as it has left the monetary policy unchanged, in line with traders’ expectations.
February 05th, 2014 at 12:40
The Great Britain pound dropped today due to surprisingly disappointing data from the United Kingdom. The services index unexpectedly fell and shop prices demonstrated deflation for the ninth month in a row.
January 31st, 2014 at 11:20
The Great Britain pound dropped today as the mood of Forex traders turned sour and they preferred to stick to safer currencies. Even improving confidence of Britons was not able to help the sterling.
January 29th, 2014 at 9:39
The Great Britain pound ticked up today as a report confirmed that Britain’s housing sector continues to expand, albeit with slower pace. The sterling was heading for a third straight session of gains against the Japanese yen, but has retreated at the present time.
January 24th, 2014 at 21:41
The Great Britain pound sank today as Bank of England Governor Mark Carney said that interest rates would not be raised prematurely and that the strong currency may be detrimental to economic growth.
The Great Britain pound was falling at the start of this month, but paused the decline this week and was performing not that bad. It still fell against the US dollar, but reduced losses versus the yen, ending the week almost flat, and jumped versus the euro. Does this mean that the currency is ready for a rally to new highs or is it too early to rush buying the sterling? Let us […]
January 17th, 2014 at 15:22
The Great Britain pound jumped today as UK retail sales surprised Forex market participants, being far better than most optimistic expectations. It is expected that next week’s macroeconomic data will also be good, allowing the sterling to recover after the decline at the start of this year.