EURGBP »

  • Forex » GBP/USD Strengthens after Rocky Session
    February 19, 2014, 17:58 GMT

    The GBPUSD pair was higher Wednesday, after conflicting UK employment numbers kept the pair subdued for much of the European session. The GBPUSD rose to a daily high of 1.6734. As of 17:00 GMT, the pair was trading at 1.6716, a gain of 36 pips. The outlook is moderately bullish, as the pair looks to

  • Sergiy Zlyvko

    The consumer price index in the UK in January was published at -0.6% vs. -0.5%, while core CPI – at 1.6% vs. 1.9%. Thus, data on consumer price inflation in the UK showed rising inflationary pressures and thus could not support the pound. The British currency dropped yesterday and euro cross-rate and in tandem with

  • James Boston

    The British Pound and the Euro have arguably been two of the markets ‘in favor’ currencies since the beginning of this year. Both have been challenging long term highs against the US Dollar as the economic recovery begins to take hold. Investors are now very focussed on central bank rhetoric in all 3 economies in

  • Sergiy Zlyvko

    EURUSD rate slowed somewhat strengthening by Tuesday, but from the bulls attacks are not refused – the pair is standing near three-week high and will look for any excuse to continue the ascent. There aren’t drivers for growth now. Macroeconomic calendar was empty before and empty today, so investors only remains to analyze said information

  • Forex » EUR/GBP Rebounds Ahead of BOE
    February 17, 2014, 19:01 GMT

    The EURGBP pair rebounded Monday, as investors set their sights on an active week of trade headlined by the Bank of England’s monthly interest rate decision. As of 17:30 GMT, the EURGBP was trading at 0.8208, a gain of 33 pips. The pair is currently testing the 0.8204 resistance; a break above this level leads

  • Sergiy Zlyvko

    The main events of the day yesterday, as expected, were the inflation report the Bank of England and the performance of Mark Carney. The central bank raised its forecasts for economic growth in the country and allowed the possibility of interest rates’ rising next year. Though Mark Carney continues to indicate that the current level

  • Forex » GBP/USD Strengthens as BOE Maintains Rates
    February 6, 2014, 22:21 GMT

    The British pound rose Thursday, as the Monetary Policy Committee opted once again to leave interest rates at historic lows. The February rate decision marked the fifth consecutive year the benchmark lending rate was left at 0.5 percent. Bank of England policymakers also decided to maintain the level of quantitative easing at £375 billion. Today’s

  • Sergiy Zlyvko
    Currency » 5 February Forex daily review
    Sergiy Zlyvko - February 6, 2014, 10:01 GMT

    Yesterday the foreign exchange market after the release of mixed U.S. data basic pairs remained in a correctional phase, which began three days ago. During the European session the British pound was under pressure because of growth instead of business activity index in the services sector in the UK, which fell to 58.3, missing the

  • James Boston

    Finally some welcome respite for Asian stocks as markets close higher for the first time in 5 days. The single exception being Japan’s Nikkei which posted another slight loss to finish down 0.2%. Macroeconomic factors, including relative calm in emerging markets, have contributed to the broad Asian market bounce while domestic corporate earnings are weighing

  • Analysis and Opinion » Euro Cross Poised to Break Out
    February 4, 2014, 21:10 GMT

    The Euro is attempting to hold its recent breakout against sterling on the heels of Monday’s stronger than expected PMI data in the Eurozone and the weaker than expected manufacturing data released in the UK. Tuesday’s construction PMI in the UK shows that the manufacturing dip might have been an aberration as strength in the