The Great Britain pound showed resilience despite negative domestic data. The currency held steady today after a small drop against the US dollar and the euro yesterday. The sterling even managed to rise against the Japanese yen.
House Prices — News Archive
July 22nd, 2014 at 4:44
July 10th, 2014 at 21:13
Poor economic data was weighing on the Great Britain pound recently, and today’s trading session was not different. Housing and trade data came out worse than was expected, suggesting the Britain’s recovery is losing steam. The Bank of England remained passive at today’s policy meeting.
July 09th, 2014 at 22:59
The Great Britain pound fell at the first half of today’s trading session as another set of poor economic indicators was released. Yet the currency managed to bounce in the second half, trimming its losses against the euro and gaining on the US dollar and the Japanese yen.
June 12th, 2014 at 21:44
The Canadian dollar had a mixed trading session today as fundamentals were confusing and did not give a clear direction for the currency to go. Over the longer term, the loonie still maintains its bullish bias against the US dollar and the euro and remains flat versus the Japanese yen.
June 03rd, 2014 at 9:17
The Great Britain pound advanced today after a good report about house prices, yet gains were limited as not all today’s data from the United Kingdom was particularly good.
May 13th, 2014 at 5:28
The Australian dollar did not move far in either direction today amid conflicting fundamentals. The currency has an upward bias against the Japanese yen and slightly downward bias versus the US dollar and the euro.
May 01st, 2014 at 10:11
The Great Britain pound rose today, reaching new highs versus the US dollar, as economic reports from the United Kingdom were mostly good, confirming that recovery of the UK economy is gaining momentum.
March 18th, 2014 at 1:06
The Great Britain pound was without clear direction yesterday and is still unsure where to go today even though domestic fundamentals were very supportive to the currency. The sterling rose against the Japanese yen, fell versus the euro and traded sideways against the US dollar.
March 06th, 2014 at 17:46
The Great Britain pound rose today as positive economic data supported the outlook for stable economic growth, while the central bank kept monetary policy unchanged. The sterling weakened against the euro, which was supported by the monetary policy statement of the European Central Bank.
March 01st, 2014 at 0:39
The Great Britain pound ended the Friday session higher against the US dollar with the help of positive domestic fundamentals. The sterling was flat versus the Japanese yen and was not able to outperform the euro.