The U.K. currency extended Friday’s gains versus the U.S. dollar today as global optimism helped speculations that an economic recovery in the U.K.
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Posts Tagged ‘Dollar’
Pound Strong Versus Dollar on Global Recovery
Posted by yehya on January 12th, 2010
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Pound edges higher against a stronger dollar, which found support from weak consumer sentiment
Posted by Forex News Resource on October 28th, 2009
Sterling closed up against the dollar yesterday, but slipped back nearly a cent from its intra-day high after a survey showed that consumer confidence in the US disappointed market expectations.
Corporate reports coming week will support the stock market
Posted by maradona on October 26th, 2009
S & P500 index is inside a giant “wedge”: the resistance trend line is at the level of 1113, support the trend line – in 1058.
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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.
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.
Sterling is making strong headway against a weakened dollar, advancing towards 1.62
Posted by Forex News Resource on October 15th, 2009
Sterling made strong gains in early trading yesterday following better-than-expected employment data, but the price pulled back to close up 0.4% at $1.5980.
Data on retail sales have supported the dollar
Posted by maradona on October 14th, 2009
The report on retail sales drop in September, which turned out to be weaker than analysts expected has had a positive impact on the dollar, which currently continues to demonstrate the desire to recover some losses .
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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.
Investors were cautious yesterday ahead of an ECB rate decision, but the euro has rebounded this morning
Posted by Forex News Resource on October 8th, 2009
The euro relinquished some of its recent gains against the greenback yesterday, with investors on the defensive ahead of the ECB rate decision today.
Stong servies data and rallying equities were unable to buoy a weak pound yesterday, enabling the dollar to creep up
Posted by Forex News Resource on October 6th, 2009
The pound continued to edge downward, undermined by speculation ahead of the MPC meeting later this week.
- Data revealed that Britain’s services sector grew more strongly than expected in September, expanding at its fastest rate for two years, quelling fears over the UK recovery following weak PMI data in the manufacturing and construction industries last week.
Weak US data sapped demand for the aussie yesterday, enabling the pound to gain
Posted by Forex News Resource on October 2nd, 2009
The pound rebounded strongly yesterday, gaining over two cents, or 1.3%, as a sharp rise in risk aversion in the market, dulled demand for the ‘riskier’ currency.
Euro advanced yesterday but its progress has been halted today in the wake of dovish euro speculation
Posted by Forex News Resource on October 1st, 2009
The euro pushed higher against the dollar yesterday in choppy trading, even as disappointing US economic data weakened stocks.
- The single currency made strong gains yesterday morning, supported by the results of the ECB cash tender offer.
Weak US data yesterday afternoon strengthened dollar appeal, trimming sterling’s gains
Posted by Forex News Resource on October 1st, 2009
A mixed bag of data in the US prevented the pound from sustaining early gains yesterday, eventually closing just 0.1% up on the day at $1.5980.
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Aussie edged higher vs the pound again yesterday, but sterling has rebounded following upbeat comments from a BoE policymaker
The aussie edged higher yesterday as continued strong demand for the high-yielding currency offset positive employment data in the UK.
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