Uk Economy | Forex News

Sales data took the pound higher against the kiwi, continues to climb in trading this morning

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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.

The sales data, which came in above market forecasts, encouraged …

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The pound continues its rally against a broadly weaker aussie

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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 …

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Euro is more expensive than a pound before the end of the year

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Today, one of six bank Moors BNP Paribas said that in 2009 the pound sterling could fall to parity with the euro. Today, steam EUR / GBP is trading at around 0.9070, up from 0.84 in mid-June. The jump came …

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Sterling fell back significantly against the dollar on Friday, as GDP figure disappoints the market

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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 …

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UK economy contracted by 0.4%, which has and will continue to weigh heavily on sterling

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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 …

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UK GDP contracts by 0.4% – pound dives

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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 …

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The kiwi edged higher against the pound but has weakened this morning following important Chinese data

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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.

The pound found support yesterday after the BoE’s policy minutes revealed no direct discussion over …

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

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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 …

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

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

The pound climbed over 1.66, posting a two and half cent gain against the dollar as …

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A sterling crash is a godsend

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Britain twice averted disaster over the past century, in a timely manner, if I may say so - he brought down the pound sterling. In both cases there was no apparent confidence that this recovery in the economy will last …

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Profit taking ahead of the weekend allowed the pound to make further ground against the aussie on Friday

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Sterling maintained its rally as investors continued to lock in profits ahead of the weekend, with the price closing the day at 1.7839.

Having climbed to multi-year highs against the pound earlier last week, positive comments from members …

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

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

Bank of England member, Paul Fisher, said yesterday that policy makers would be more likely to pause …

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

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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 …

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Strong commodity prices and doubts over the UK economy allow the aussie to gain further ground

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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.
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The kiwi was weaker in trading yesterday following some concerning US economic data

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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 …

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