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The Pound yesterday really did lose a lot of ground in the wake of not only the economic data releases we discussed yesterday, but also on some more broad fundamental news. The GBP/USD, having failed to break 1.55 during the week came away significantly but with the events of this…
The GBP has continued to see a see-saw motion as the trends from the last two days continue. The USD has retreated further still and this pushed the GBP to even higher highs during the trading day yesterday. All the key elements we talked about yesterday are still driving this…
We hope that everyone out there has a safe and enjoyable long weekend with friends and family and eats as many chocolates as is possible for a land mammal to safely consume. After the excitement in the markets of the last few weeks, it was almost a relief to see…
Wow, what a choppy week last week. Let’s talk about that GBP/EUR movement during mid-week – we surged earlier in the week to present new GBP/EUR highs and this looked to form part of the overall upward trend in this currency pair. However, between economic data and talks from various…
With the European Central Bank beginning its asset purchase programme there has been a significant spike in the retail sales figure – a rate of 3.7%! This is the highest since 2005 and can be seen as a great lead in factor for pressure on prices which any nation would…
Well, this morning we simply have to talk about this GBP/EUR rate…over 1.4100 right now. That’s right, 1.4100. I imagine in the near future most of us will be rubbing our chins about finally buying that chalet or taking the children to Disneyland for a price not dissimilar to a…
Wow, this morning we are expecting another instalment of a lot of economic information today. Starting with the Bank of England minutes and also the vote on our interest rate decision. Of course, this is expected to remain unchanged and where, in the past, two members of the nine strong…
Well, today we have a pretty full dance card so let’s get cracking. The Pound day by day is just edging up a bit, nothing dramatic but when we look particularly at the GBP/EUR it is really lovely to buy. Coming out this morning, we have UK Consumer Price Index…
Following on from yesterday, looking at more of the action around the Greek woes and what reaction and plans have been made by other European nations, we saw an emergency meeting between the Greek Finance Minister and the other Finance Ministers from the Euro area in Brussels. There had been…
Well, Black Friday has been and gone…While it was a great boost to the economy, I have to say it’s a little confusing to see fist fighting over electrical goods literally the day after gathering family to reflect on how grateful you are for what you already have, but there…