Apr
13
Doom and gloom as GBP/EUR struggles
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Good news! The Consumer Price Index (CPI) fell back from 4.4% in February to 4% in March as supermarkets and High Street chains cut prices. This is great news from a personal point of view as nothing attracts my eyes in a supermarket quite like a red and white sale sign. However, the drop in [...]
Aug
18
Sitting on the fence until the Bank of England minutes
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For Sterling, the major event was inflation figures release. Yesterday’s data showed the UK CPI rate edging lower to 3.1% in July from 3.2% in June…read more
Jun
15
GBP/EUR and GBP/USD hold steady
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The Pound gained some support from the OBR report, and has managed to keep above 1.47 into this morning. Sterling has also managed to make some modest gains against the single currency, pushing up towards 1.21 even as the Euro itself benefited from some decent economic data…read more
May
18
No immediate cuts, GBP stays steady
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George Osbourne’s speech didn’t announce any immediate cuts, and was instead used to announce measures that had already been promised such as the timing of the emergency budget and the creation of a independent forecasting body, in an attempt to do something similar to Labour’s creation of the independent MPC…read more
Apr
21
The skies clear and GBP pushes up against EUR
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02The skies have finally been cleared for flying, although the hundreds of thousands of people waiting to return home from overseas means that it will still take some time for the backlog to clear. As the planes start to take off so do the recriminations…

