Posts Tagged ‘Bank Of England’

Pound continued to climb against the aussie yesterday as confidence in the UK economy improved

Posted by Forex News Resource on October 22nd, 2009

A broadly stronger pound hit a two-week high against the aussie, briefly rising over 1.8000, as confidence in the UK economy gained momentum.

  • Sterling jumped following the minutes from the Bank of England’s latest policy meeting, which dampened expectations of an extension to quantitative easing.

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Sterling made substantial ground on the dollar yesterday as the BoE showed no sign of loosening montary policy further

Posted by Forex News Resource on October 22nd, 2009

Dollar selling in the market was stepped up with investors moving into the pound as the MPC minutes proved more positive than expected.

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Bank of England voted unanimously to maintain the key rate

Posted by maradona on October 21st, 2009
Wednesday, 21 October, the Bank of England published the minutes of the meeting held on October 7-8, at which the Committee on monetary policy has kept the rate of compulsory reserves of commercial banks at 0.50%.

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Dollar “bulls” and “bears” met at the border

Posted by maradona on October 21st, 2009
Although published in the previous session, quarterly reports were once again better than forecasts, the markets have decided instead to beat the American statistics, which do not meet the expectations that led to a strengthening dollar and a slight correction on Wall Street.

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Pound slid back against the euro yesterday, but has rebounded strongly in trading today

Posted by Forex News Resource on October 21st, 2009

Sterling dipped slightly against the single currency, relinquishing gains in the afternoon as US equities slipped back, closing the day down just 0.1% at 1.0958.

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The British pound traded with a positive attitude

Posted by maradona on October 21st, 2009
The British pound traded with a positive attitude and has already reached sessional maximum near $ 1.6430 – support the currency has a general weakening of the U.S.

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Pound reached over $1.64 yesterday, but has slipped half a cent in trading this morning

Posted by Forex News Resource on October 20th, 2009

Having traded in the red during the morning session, the pound rebounded back over $1.64, climbing for the fifth consecutive day and reaching a near one-month high of $1.6422.

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Sterling traded strongly at the end of last week against the kiwi but has slipped back sharply this morning

Posted by Forex News Resource on October 19th, 2009

Sterling managed to close last week at a near two-week high of 2.2056 against kiwi, as the UK currency continued to build on support from a BoE official.

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Today Asia behaved more discreetly

Posted by maradona on October 16th, 2009
Asia today is to behave more calmly. Does this mean that in the near future growth in the market will stop?

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Sterling is currently trading higher against the aussie following upbeat comments and a move to cash profits

Posted by Forex News Resource on October 16th, 2009

Sterling recovered some of its recent extensive losses against the aussie dollar yesterday, climbing over two cents, to close up at 1.7668.

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Broad dollar weakness and an increase in demand for sterling has pushed the price back near $1.63

Posted by Forex News Resource on October 16th, 2009

Sterling achieved a three-week high of 1.6297 against the dollar yesterday, supported by upbeat comments about the UK economy.

  • The pound jumped nearly three cents, or 1.8%, against the dollar on speculation that policy makers will pause their asset-purchase programme next month as the economy shows signs of recovering from the recession.

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Sterling has rallied strongly against the euro, pushing up over 1.09

Posted by Forex News Resource on October 16th, 2009

Sterling strengthened as much as 2.2% to a ten-day high of 1.0936 against the euro yesterday, its biggest intra-day gain since Jan 30th.

  • Sterling was able to post strong gains following bullish comments from a Bank of England policymaker who stated that quantitative easing is in fact working.

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The kiwi dollar continues to climb as expectations of a rate rise strenghten

Posted by Forex News Resource on October 14th, 2009

Once again sterling edged downward against the kiwi yesterday, though it picked itself up significantly from an intra-day low below 2.13, to close at 2.1534.

  • The pound dropped in early trading after a business group said the Bank of England should expand its asset-purchase programme and the inflation rate slowed more than forecast.

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Sterling loses further ground to the dollar on specualtion of a further extension of QE

Posted by Forex News Resource on October 13th, 2009

Traders continued to sell sterling yesterday, pushing the UK currency down to a five-month low against the dollar, eventually closing at 1.5797.

  • The pound lost ground after an economics and business report forecast that sterling could fall as low as $1.40 against the dollar.

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Sterling relinquished strong gains vs euro yesterday as risk appetite eased

Posted by Forex News Resource on October 1st, 2009

The British currency, unable to capitalise on strong early gains, lost ground against the euro yesterday, as an easing of risk appetite wore heavily on the fragile pound.

  • Initially, sterling extended Tuesday’s rebound following a surprising jump in UK consumer sentiment, posting its biggest monthly boost in more than 14 years and signalling growing optimism about the UK economy.

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