The British currency went down today versus the euro and the dollar as a statement regarding a policy makers meeting yesterday indicated divergent opinions concerning the asset-purchase program, declining attractiveness for the pound as the central bank has not found a point of consensus towards the future of the U.K.’s monetary policy.
Pound Hits Record High on U.K.’s Economic Rebirth
November 17th, 2009 at 18:50
The pound gained versus multiple currencies today and touched the highest rate in 2 months versus its main rival, the euro, as Bank of England officials affirmed that growth is returning to U.K.’s economic outlook and stimulus measures will be lifted on a foreseeable future.
Pound Declines on Pessimistic Credit Rating
November 10th, 2009 at 12:44
The Pound fell versus most of 16 main traded currencies after one of the most respected financial institutions in the world affirmed that the credit situation in the U.K. remain as one of the most delicate among the wealthy nations, decreasing attractiveness for the British currency.
Pound Extends Gains on Mortgage Approvals
October 30th, 2009 at 4:17
The pound has been recovering steadily this week and extended its gains this Thursday as mortgage approvals in the British Isles rose, adding investors’ confidence to inject capital in the U.K.’s financial sector, fueling attractiveness for the British currency.
Pound Extends Gains on Retail Sales
October 27th, 2009 at 23:47
Speculations that retail sales would post another month of gains were confirmed providing support for the pound to regain terrain versus the euro and several other currencies, changing the negative outlook for the British currency to a better trajectory.
Pound Pares Losses After Exaggerated Rally
October 26th, 2009 at 23:48
The pound reverted its losing trend from last week’s end, specially versus the euro, as traders interpreted the winning streak as inadequate, as U.K. could be starting its first signs of economic recovery.
Will the Pound Shrink with U.K.’s Economy?
October 24th, 2009 at 15:38
The pound has been one of the biggest losers this year in foreign-exchange markets since several reasons, specially due to an artificial credit bubble that destabilized the British economy when the global slump crushed the world last year, forcing the pound down significantly, mainly versus the euro.
U.K. Persistent Recession Sets Pound Down
October 23rd, 2009 at 15:04
The U.K. fell “vertically” today after quarterly gross domestic product figures were published in London, signaling that the national central bank will have to extend its measures to help Great Britain on its way out of recession, decreasing attractiveness for the pound, which fell drastically.
Pound High on Rate Hikes Speculations
October 21st, 2009 at 16:52
The British pound gained versus its main rivals the euro and the U.S. dollar, after a day of decisions in the Bank of England in which the asset-purchase program was voted to be held unanimously, together with statements published in newspapers that added attractiveness for the Great Britain currency.
Pound Declines Further on U.K. Economic Forecast
The pound touched the lowest level in more than six months versus the euro and posted declines versus virtually all main traded currencies as forecasts suggest that interest rates in the country will remain low in the long-term, adding doubts towards the British economic future.
