TODAY`S HEADLINES
Sterling supported by improved UK outlook
MPC member Broadbent speaks at 11.30am
Fear of debt contagion weakens Euro
Euro remains weaker against USD
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Sterling has dipped just below 1.20 vs. the euro this morning and has slipped back into 1.56 against the USD after Fitch lowered the UK’s long-term outlook yesterday to negative from stable, while confirming its
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Sterling has made significant gains against the euro and USD in the last 24 hours as better UK data points to an improvement in the economy’s performance. Reports are circulating that a major US investment bank have been buying the pound helping to strengthen the currency, which has also been supported by a narrower than
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Sterling is continuing to trade within 1.56 this morning against the USD, near a seven week low and has recovered somewhat vs. the Euro to trade back above 1.19. Economic data out this morning, starting with the RICS house price balance, which was slightly better than the –14% forecast at –13%, continuing to show reported
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Sterling is at a 2 week low vs. the USD today and is completely flat against the single currency. An absence of economic data in the UK has left the pound’s movements largely down to external factors as the economic outlook for the UK remains uncertain with weaker industrial production data last week. The Bank
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Sterling is trading stronger against the Euro this morning and has moved back into 1.58 vs. the USD as the market settles down after Greece averts an immediate default with bond success. Appetite for risk which benefits the euro and pound has also been aided by expectations of a solid U.S. Jobs report for last
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Sterling has made minor gains against the USD this morning, remaining within 1.57 and is trading flat against the Euro while investors remain cautious over unpredictable economic conditions in the UK. More recent data has surprised the market recently leading to some economists forecasting an end to the QE campaign but this is still very
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Sterling is trading marginally down against the euro and has recovered against the USD after reaching a recent low of 1.5742. The lack of UK data this morning has left the pound vulnerable to ongoing changes in risk sentiment and expectations for strong UK economic data are starting to fall with more recent numbers failing
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Sterling is trading lower against the USD again this morning as demand for riskier currencies came under pressure from investors trading out of positions and progress with the Greek debt deal coming under scrutiny. Halifax house price data out early this morning showed a drop of –0.5% last month compared to expectations for a rise
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Sterling is trading flat against the euro but lower against the USD as uncertainty surrounding the Greek bailout and growth concerns in China hurt riskier currencies including the UK currency. The latest round of economic data from the service sector has also done little to aid sterling coming out at 53.8 against 56.0 the previous
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Sterling is trading strong against the Euro and remains positive vs. the USD, helped most recently by better than expected construction numbers. Investors are growing more confident over a reduction in expectations for further quantitative easing by the Bank of England as better economic data in recent times is also aiding the pound. Yesterday’s manufacturing
