Pound:
The pound saw a good boost late yesterday against the Euro “printing” above 1.12 and 1.53 vs the USD. This morning however has seen some renewed weakness for the pound losing over 0.5% against the Euro and 0.75% against the USD aided by comments from Andrew Sentence (MPC member) who yesterday confirmed “Britain requires prolonged
Pound:
The pound had a better day yesterday in the currency markets on the back of much better than expected claimant count data, coming in at –32.3k against a forecast of 8.2k, the biggest fall in numbers claiming benefits since 1997. The pound was also aided by the Bank of England minutes which showed some policymakers
Pound:
The pound continues to trade within 1.10 against the Euro and is holding above 1.52 against a weaker USD. In the most recent UK economic news, Bank of England MPC member, Charlie Bean delivered a speech yesterday highlighting that “The deficit now looks set to be around 12% of GDP this year, which is unsustainable
Pound:
Still no positive news for Sterling sellers on the market this morning as the Pound was held in tight ranges against most currencies, consolidating its recent losses after yesterdays poor UK data. Uncertainty in UK politics continues to weigh heavily on sterling, with UK polls pointing towards an indecisive election result, contributing to further investor
US Dollar:
This week could be an interesting week for the Dollar. Today sees the TIC long term purchases data which is the difference in value between foreign long-term securities purchased by US citizens and US long-term securities purchased by foreigners during the reported period. A positive figure will indicate an increase or bias in buying
US Dollar:
The Dollar opens down this morning against both Sterling and the Euro as the recent unemployment number was worse than expectation. Whilst down 6000 claims, the final figure of 462000 was higher than the 456000 predicted. Today at 13:30 GMT sees the US retail sales figure released, a gauge of consumer spending which accounts
US Dollar:
Another quiet day on the Dollar front as a lack of macroeconomic data and no serious concerns means the Greenback is priced accordingly. The dollar did appreciate against the Chinese Yuan as China hinted at curbing their huge growth amid escalating inflation worries.
Sterling fell against the Dollar considerably after poor manufacturing data, however it
US Dollar:
Once again the lack of macroeconomic data sees the dollar trade sideways as traders weigh up their options on taking on more risk and moving out of the Greenback and into the Euro or Sterling. With interest rates being a major factor for exchange rates, comments by Federal Reserve Bank of Chicago President Charles
The Pound took a fall against the Dollar today after a barrage of poor data put the British economy very much on the back foot for staging a recovery. To kick things off Sterling hit $1.4936, a one week low for our currency. To add further downward pressure ratings agency Fitch aired their deteriorating views
Read More.......US Dollar:
The Greenback edges higher this morning as the main driving force in GBP/USD and EUR/USD is the poor economic news flowing out of the Euro Zone and the negative sentiment surrounding the state of British finances. With little news coming out of the US of great economic significance or surprise much of the Dollar