The pound was able to reverse a four day slide against the kiwi yesterday, following positive data in the UK labour market.
Posts Tagged ‘Market Expectations’
Sterling has picked itself up from multi-year lows against the kiwi, buoyed by improving economic sentiment
Posted by Forex News Resource on October 15th, 2009
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Weak equities undermined the aussie’s upward trend yesterday allowing the pound to post marginal gains
Posted by Forex News Resource on October 8th, 2009
The pound rebounded nearly two cents from its intra-day low against the aussie, halting its sharp slide and posting marginal gains of 0.2%, to close the day up at 1.7912.
- The Australian dollar has rallied strongly over the past two days following the surprise rate hike, but the aussie pulled backed yesterday as risk sentiment in the market dissipated.
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.
Selling pressure held firm on the pound yesterday, with the euro price falling below €1.08
Posted by Forex News Resource on October 6th, 2009
The pound was unable to capitalise on improved services data, eventually losing over half a cent to a broadly stronger euro.
- The pound initially found some respite as positive data from the services sector bolstered expectations that the economy resumed growth in the third quarter.
Pound advanced against a broadly weaker euro yesterday, but has stumbled in trading this morning
Posted by Forex News Resource on October 2nd, 2009
Sterling climbed half a cent against the single currency yesterday, helped by a weaker euro, which was undermined by comments from an EU official.
- In early trading, the pound was able to brush off an unexpected fall in the UK Manufacturing industry, which contracted to 49.5 in September, from 49.7 in August, against the market expectations of an increase to 50.3.
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Broad dollar weakness and an increase in demand for sterling has pushed the price back near $1.63
Sterling achieved a three-week high of 1.6297 against the dollar yesterday, supported by upbeat comments about the UK economy.
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