The pound made up further ground on the kiwi dollar, gaining 0.65% after positive sales data supported evidence that the UK economy is still on the road to recovery.
Posts Tagged ‘Uk Economy’
Sales data took the pound higher against the kiwi, continues to climb in trading this morning
Posted by Forex News Resource on October 28th, 2009
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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.
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Euro is more expensive than a pound before the end of the year
Posted by maradona on October 27th, 2009
Today, one of six bank Moors BNP Paribas said that in 2009 the pound sterling could fall to parity with the euro.
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Sterling fell back significantly against the dollar on Friday, as GDP figure disappoints the market
Posted by Forex News Resource on October 26th, 2009
Sterling lost three cents (1.9%) to the dollar, as a weak UK quarterly GDP figure abruptly halted the pound’s recent rally.
- The greenback gained the most daily value against the pound in a month as the UK’s economy unexpectedly contracted in the third quarter, giving the Bank of England more reason to expand emergency measures to spur growth.
UK economy contracted by 0.4%, which has and will continue to weigh heavily on sterling
Posted by Forex News Resource on October 26th, 2009
In an uncertain day for the UK economy, the pound lost as much as 2.0% to the euro on Friday, sharply reversing its recent rally to close down at 1.0862.
- Data revealed that the UK economy unexpectedly contracted by 0.4% between July and September this year, confirming that the UK is still in recession.
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.
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The kiwi edged higher against the pound but has weakened this morning following important Chinese data
Posted by Forex News Resource on October 22nd, 2009
Having given up ground to the UK currency in early trading, the kiwi rallied steadily through the afternoon, to close marginally up at 2.1833.
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.
A sterling crash is a godsend
Posted by maradona on October 21st, 2009
Britain twice averted disaster over the past century, in a timely manner, if I may say so – he brought down the pound sterling.
Profit taking ahead of the weekend allowed the pound to make further ground against the aussie on Friday
Posted by Forex News Resource on October 19th, 2009
Sterling maintained its rally as investors continued to lock in profits ahead of the weekend, with the price closing the day at 1.7839.
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.
Strong commodity prices and doubts over the UK economy allow the aussie to gain further ground
Posted by Forex News Resource on October 13th, 2009
The Australian dollar continued to push higher yesterday, advancing over a cent as sentiment towards the higher-yielding currency remained positive.
- Commodity currencies, such as the aussie, made progress yesterday in line with stronger prices for oil and metals.
The kiwi was weaker in trading yesterday following some concerning US economic data
Posted by Forex News Resource on October 2nd, 2009
The pound made gains yesterday, taking support from a revised IMF report and an easing of risk activity to close the day at 2.2316 up 0.7%.
- Rising risk aversion enabled the pound to advance over a cent against the kiwi yesterday, with investors retreating into haven currencies.
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Sterling is currently trading higher against the aussie following upbeat comments and a move to cash profits
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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