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Sterling has moved towards a five week high against the USD in the last day but has been unable to make any gains against the Euro. Sterling has been unable to capitalise on weakness in the Euro, hindered by expectations that the Bank of England will need to increase and restart it’s QE programme as
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Sterling is trading in the low end of 1.19 against the euro this morning but has recently hit 1.57 against a weaker USD. As I reported yesterday the risk of the UK heading back into a recession have increased after yesterday’s GDP figure which is stemming any strong rallies for the pound with the bank
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Sterling has started the day on the back foot trading down against a basket of currencies including the USD and Euro. The market looked nervous on the pound before this morning’s recent economic data which confirmed fears that the UK economy is showing signs of heading back into a recession. The main number, the preliminary
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The pound is trading down against the Euro this morning whilst remaining stable vs. the USD. Concerns are intensifying over the state of the UK economy which is likely to push the Bank of England into printing more money to stimulate growth once again. MPC member Posen, confirmed this theory by stating in a speech
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Sterling is hovering near a two week high against the US currency this morning and is trading back into 1.20 against the Euro. The pound is very sensitive at the moment to speculation of further QE happening in February and developments with the Greek Private Sector Initiative (PSI) talks. Today is a quiet one for
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Sterling is trading stronger against the USD this morning and is staying relatively stable against the Euro within the 1.19 region. Most recent economic data has been flat with retails sales data out as expected at 0.6%. Market sentiment has improved towards riskier assets but further gains may well be hampered by concerns over the
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UK unemployment data out yesterday did little to significantly move sterling despite the unemployment rate being the highest since 1994. Economists are commenting on the fact sluggish UK data could put pressure on sterling in the coming weeks especially if the spotlight is placed more on the UK. In the most recent data for the
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Sterling is trading down by a quarter of one percent this morning against the Euro but has managed to stay flat vs. the USD. This comes after a worse than expected unemployment rate, increasing to 8.4% from 8.3% expected, although the increase in the number of people claiming unemployment benefits was only 1.2k against 9.1k
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Sterling is trading down nearly 0.5% against the Euro whilst climbing by a similar amount vs. the USD. UK CPI data out this morning came out lower than last month and in line with expectations at 4.2%, supporting the Bank of England’s belief that inflation has peaked. Expectations have now increased for the BoE to
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Sterling has regained recent loses against the Euro but remains low against an in demand USD, moving near to an 18 month low. The pound along with the Euro, remains vulnerable to a big reduction in investor appetite for risk as pressure mounts from rating agencies on Euro zone nations. There is no UK data
