Dec
13
Big week (hopefully not weak) for GBP
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The pound looks set for an important week this week with inflation, unemployment and retail sales data due out, even as it continues to do fairly well against the single currency… read more
Dec
7
USD falls slightly, is EUR poised for another fall?
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The Euro appears to have found temporary reprieve over the last few days against the Dollar…read more
Nov
12
EUR weakens
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going into the weekend it looks like Euro weakness could be the main market driver rather than the benefactor of Sterling or USD weakness…read more
Nov
10
GBP under pressure today with inflation data
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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
Nov
4
USD dips
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After a long period of growing anticipation from economists, markets, and a population increasingly concerned that the recovery is stuttering (voiced decisively in the results of the US mid-term elections) the Fed finally fired the restart gun on QE2 after the original round of asset purchasing proved to be a false start of sorts…read more
Nov
2
GBP supported but has early morning decline
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Overnight the Reserve Bank of Australia unexpectedly hiked interest rates by 0.25% to 4.75% giving a boost to the Aussie Dollar…read more
Nov
1
USD under heavy pressure with a big week ahead
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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
Oct
28
USD under pressure but GBP failing to make serious gains
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With UK GDP coming in above expectations in Q3 and speeches from MPC members this week giving little away, views that the Committee may be poised to launch another round of QE at next week’s meeting have receded…read more
Oct
14
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
Oct
11
Quantitive easing forces weakness
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The US dollar slid to 15-year lows versus the yen overnight as Friday’s soft payrolls jobs data further fuelled expectations of more quantitative easing from the Fed at its next policy meeting in early November. Meanwhile, despite some speculation of a tough communiqué, weekend meetings by the IMF and G7 produced nothing to avert a [...]