The pound edged higher, achieving its biggest weekly advance against the euro since January, as signs pointed to the UK economic recovery talking hold.
Posts Tagged ‘Market Expectations’
Pound edged up slightly against the euro on Friday but is down around 0.7% in trading this morning
Posted by Forex News Resource on November 2nd, 2009
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Positive GDP figures in the US drove dollar selling yesterday enabling the pound to gain
Posted by Forex News Resource on October 30th, 2009
Sterling extended its rally, briefly climbing above $1.66 as the dollar sold off broadly after strong economic growth data spurred demand for riskier assets.
“Anti-risk” trend continues. The dollar reached a critical point
Posted by maradona on October 29th, 2009
At previous sessions, the markets continued their game against the risk: a series of weak U.S. reports, faded stock markets and triggered stop-loss – all these factors helped the dollar advance.
Click to continue reading ““Anti-risk” trend continues. The dollar reached a critical point”
Aussie was broadly sold yesterday as investors withdrew riskier positions
Posted by Forex News Resource on October 29th, 2009
The pound advanced by 2.3% against the aussie as risk appetite stumbled in the wake of weak US economic data and a steep slide in global equities.
- In the early session, Australian inflation data was revealed to be slightly below expectations, leading investors to pare bets that the Reserve Bank of Australia will decide on a hefty interest-rate hike next week.
The pound continues its rally against a broadly weaker aussie
Posted by Forex News Resource on October 28th, 2009
Sterling edged up against the aussie yesterday, benefiting from improved UK sales data, which supported claims that the UK economy is recovering.
- On Monday evening, MPC member Adam Posen, following negative GDP data, stated that there were still signs of an economic recovery even if Britain is behind other countries in pulling out of the recession.
Click to continue reading “The pound continues its rally against a broadly weaker aussie”
US dollar continues to push higher against the euro, as consumer confidence stumbles
Posted by Forex News Resource on October 28th, 2009
The dollar rose against the single currency for a third consecutive day in its longest advance since August, as a report showed US consumer confidence fell this month.
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.
UK GDP contracts by 0.4% – pound dives
Posted by Forex News Resource on October 23rd, 2009
Data this morning has run significantly against market expectations, confirming that Britain is still in a recession. The UK’s third quarter GDP figure was revealed to be a 0.4% contraction, which now means that the UK has suffered 6 consecutive quarters of negative growth.
Click to continue reading “UK GDP contracts by 0.4% – pound dives”
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.
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.
Sterling has resumed its recent upward trend against the kiwi, buoyed by brief market selling in high-yielders and by the MPC minutes
Posted by Forex News Resource on October 21st, 2009
Sterling climbed over a cent and a half against the kiwi in trading yesterday as the market briefly turned bearish on higher-yielding currencies.
Lower equites, dulled risk appetite yesterday enabling the US dollar to post gains against the euro
Posted by Forex News Resource on October 21st, 2009
The single currency slipped back from a fresh 14-month high against the dollar following further comments from the ECB that expressed apprehension over the euro’s strength.
Sterling edged down against the dollar yesterday, but is currently trading back over 1.65 this morning
Posted by Forex News Resource on October 21st, 2009
Sterling capped its five-day upward trend against the dollar, falling back from a one-month high of $1.6487 as weak economic data supported the haven currency.
- In early trading, sterling held steady against the dollar after UK public finances showed a weak figure but better than market expectations, which offset the negative impact of news that Qatar are selling a significant stake in Barclays bank.
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.
The single currency slipped back on Friday following weak Bank of America earnings
Posted by Forex News Resource on October 19th, 2009
The US currency snapped a four-day losing streak against the euro, rising from a 14-month low, as investors cautioned their risk activity following further corporate earnings reports.
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