GBP falling further

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After a week full of significant UK releases including inflation, the Budget and the MPC Monthly minutes it was the turn of retail sales to make the headlines and for all the right reasons. A gloomier than expected 0.8% decline in sales was announced with consensus forecasts only expecting a 0.6% fall – which isn’t [...]

GBP bouyant

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Risk on was the dominant theme on the first full trading day of the year in FX, with both Sterling and the Euro setting fresh highs in the wake of stronger than anticipated UK PMI manufacturing data, and hotter inflation readings from the Eurozone. Sterling rallied nearly two cents against the Dollar as risk appetite [...]

Sterling, meanwhile, has lost a little ground against the Dollar in the aftermath of last week’s QE2 announcement from the Fed, on the back of a general dip in risk appetite. The Inflation report this morning could be one of the bigger data releases it has had to face in recent weeks

In Europe, central banks in the euro zone and the UK also meet this week. Neither are expected to make any policy changes. In the case of the Bank of England it has been anticipated that it could also announce some further QE measures. However, last week’s better than expected Q3 GDP report has changed that view…read more

GBP/USD 1.60+ EUR/USD 1.40+

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Tomorrow we have a bit more data out but nothing for the struggling Pound so sterling may need to rely on weakness in other currencies to make any gains…read more

USD weakens

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As a summation of last week however, the US Dollar weakened against all of the major currencies on Friday…read more

A largely uneventful day yesterday saw few major swings between the major currencies. The Main event of note was related to the Euro…read more

GBP knocked off its perch

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After a quiet Monday, yesterday was an eventful day on the currency markets, with (in the UK at least) various officials and commentators doing their best to make up for the relatively quiet data calendar…read more

A bouyant day for GBP?

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Sterling rallied to a six-week high against the dollar on Friday as the U.S. currency came under broad selling pressure… read more

GBP finds some strength

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After a very poor start to the week, sterling has finally found some support which looks like it comes from weakness in the other currencies rather than actual pound strength … read more

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