• Technical Analysis » 28 October Forex daily review
    October 29, 2013, 08:16 GMT

    On Monday, the U.S. dollar closed up to its competitors. The euro / dollar fell by 0.16% and the rate of the pound / dollar fell by 0.23%. U.S. data was came out mixed again. The volume of industrial production in the U.S. in September rose by 0.6% compared to 0.4% in August (consensus 0.5%).

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    The British pound trimmed its gains Tuesday after a fresh batch of data from the British Bankers’ Association showed August mortgage approvals fell short of expectations. The UK currency faced strong headwinds after the BBA underreported on mortgage approvals. In total, 38,200 mortgages were approved last month, below expectations for 38,600. The number of home

  • The British pound enjoyed a broad rally against its major peers after the UK Statistics Authority said the number of unemployed people declined in August. The Claimant Count Change dropped by 32,600, beating expectations for a decline of 22,000. The unemployment rate for the three months ending in July declined 0.1 percentage points to 7.7

  • Forex » Sterling forges forward on strong jobs data
    September 12, 2013, 08:25 GMT

    The Pound continued to gain strength against the Euro as yields moved in favor of the UK currency on the heels of stronger than expected employment data.  When combined with the strong forward looking PMI surveys released last week, many believe the BOE is closer to tightening rates then easing potentially by the end of

  • Forex » FOREX Watch: Sterling rises on retail sales
    August 16, 2013, 15:13 GMT

    The British pound generated a strong bid Thursday as retail sales surpassed expectations. Annualized retail sales for July advanced 3.0 percent, exceeding the previous month’s growth of 1.9 percent. Pound pairs rallied on the news after declining Wednesday on weaker CPI and PPI figures. GBPUSD The pound soared almost 1 percent against the greenback on

  • The British pound found strong buy-in Friday following the release of upbeat construction PMI. UK construction activity grew at its fastest pace in three years, sending another positive signal to investors that economic recovery is deepening in the UK. The Market PMI figure of 57.0 blew away the previous month’s reading of 51.0, and bypassed

  • Thursday marked the release of one of the week’s most highly anticipated readings, as National Statistics reported on UK second quarter GDP. Investors were optimistic the UK’s gradual recovery over the past few months would translate into a higher GDP reading this quarter, and would build off first quarter growth. UK GDP met expectations Thursday,

  • Data from the UK have topped headlines this week, giving investors a closer look at British fundamentals. Wednesday marked the release of highly anticipated employment figures, followed by the official minutes from the July Monetary Policy Committee meetings. Although monetary policy was left unchanged during the last meetings, investors speculated whether incoming Governor Mark Carney

  • Henryrooto Henryrooto

    The 2013 calendar year has been a slow mover for the British pound, which has been bogged down by an unsavoury domestic economy and global uncertainty. The British economy continues to face economic recession, high inflation and weak output growth—trends that have left investors pondering about the future of British macroeconomic policy. To-date, the pound’s

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