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Sterling rallies to 13 month high against the USD
March 2, 2011Sterling rallied to a 13 month high against the US Dollar on Tuesday after stronger than expected UK economic data fuelled speculation that UK interest rates will rise well before those in other developed economies. Hawkish comments from Bank of England that inflation will remain high this year helped support the Pounds movement, reaching a [...]
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STERLING SOLD OFF AGAINST MAJORS FOLLOWING INFLATION REPORT
February 16, 2011The Pound has dipped lower against the Euro and the U.S Dollar this morning, while the UK currency also slipped against the majority of the 16 most actively traded currencies, after the Bank of England’
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U.K. Pound Gains in Forex Trading
February 2, 2011Sterling higher on improved economic news The U.K. pound is heading higher in forex trading on the currency market today. Better economic data continues to roll into Britain, and that is supporting the sterling in currency trading. Indeed, the U.K. pound is the only major currency maintaining its strength against the U.S. dollar on the [...]
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Market Focus Turns to BoE Minutes
January 26, 2011Sterling dipped dramatically overnight against both the Euro and the US Dollar. GBP/EUR is trading at a yearly low of 1.1532 and GBP/USD is up slightly off the low at 1.58. This move follows yesterday’
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Sterling Resumes Gains Against U.S. Dollar in Currency Trading
January 21, 2011U.K. pound higher in forex trading The sterling is once again gaining against the U.S. dollar in currency trading on the FX market. The U.K. pound is heading higher in forex trading after dipping below the 1.5906 level. Now, though, the U.K. pound has the upper hand, being helped along by what is happening in [...]
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Sterling Gets Boost in Forex Trading from Inflation
January 18, 2011U.K. pound gains against the U.S. dollar in currency trading Sterling is heading higher in forex trading on the currency market as inflation provides a boost. Indeed, inflation in the U.K. is providing quite the back drop for the sterling. Earlier, the U.K. pound headed up above 1.60 in currency trading against the U.S. dollar. [...]
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Sterling Consolidation on Mixed Data
January 17, 2011Last week saw a mixed bag of news for the UK economy and the British Pound. UK Retail Sales expanded at a slower pace than expected, The UK trade deficit widened and the BoE held both interest rates and the QE program at £200bn. Read more …
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Sterling Dips on House Price Disappointment
January 10, 2011The UK markets have been hit this morning on disappointing house price news released from the halifax group. The expectation was that house prices would dip 0.4% on a month on month basis. The actual fall was three times this at -1.3%. This news is still being absorbed by the financial markets this morning but [...]
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Sterling Gets Help from GDP Reading
October 27, 2010U.K. pound gains in forex trading Sterling has been doing reasonably well in the crosses today, gaining some strength on the good news out of Britain. Indeed, the U.K. pound saw some gains in forex trading on the currency market, following its GDP announcement. Third quarter GDP beat expectations, and yesterday’s news about the U.K. [...]
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Pound Rallies Across The Board After Strong Growth Figures
October 27, 2010The Pound rallied across the board yesterday after the preliminary 3rd quarter GDP figures showed the UK economy grew twice as much as initial forecasts. Sterling came under heavy selling pressure on Monday falling to a near 7 month low versus the Euro on speculation that the 3rd quarter GDP estimate would produce a weak [...]
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STERLING VULNERABLE TO POSSIBLE QUANTITIVE EASING MEASURES
September 9, 2010Sterling continues to recover from recent lows versus the euro, aided by euro zone sovereign risk issues, as well as July’
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U.K. Pound Still Has Struggles in Forex Trading
September 3, 2010Sterling in currency trading The U.K. pound is still struggling overall in forex trading on the currency market. Earlier today, sterling saw a sell off in currency trading. However, for now, the U.K. pound appears to be doing better. The better than expected payrolls data out of the U.S. appears to be helping high beta [...]
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Sterling Continues to Stuggle in Forex Trading
August 6, 2010U.K. pound in currency trading The sterling continues to struggle in forex trading on the currency market as economic news does not live up to expectations. U.K. industrial production numbers declined, and there are concerns about other economic measures as well. As a result, the pound is lower in currency trading on the FX market, [...]
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STERLING TESTS UPPER RESISTANCE AT 1.5577
July 27, 2010The Pound has seen good price movement against the lower-yielding currencies like the Dollar and the Yen today, as the FTSE 350 Banks Index gained and the UK currency also withstood a cut in the UK economic growth forecast from the Ernst & Young LLP Item Club. There have been some suggestions that the surprising [...]
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Sterling Gets a Boost in Currency Trading
July 23, 2010U.K. pound surges on improved economic data The sterling is getting a boost in currency trading on the FX market today, with a little help from the latest round of economic data. British GDP is higher than expected, and that is helping the U.K. pound in forex trading. European markets in general are showing much [...]
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Sterling Pares Some of Its Gains in Currency Trading
June 18, 2010Forex trading with the U.K. pound The sterling is paring some of its earlier gains in currency trading on the FX market. The U.K. pound is still higher against the U.S. dollar in forex trading, but it has lost some of its momentum. Solid data has been helping sterling in currency trading, sending it higher [...]
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Sterling Rally Capped in Currency Trading
May 13, 2010U.K. pound can’t overcome 1.50 barrier The sterling’s recent rally attempt in currency trading has been capped as the 1.50 level is rejected. Earlier, the U.K. pound tried to pick up in forex trading from the near 1.48, and was unable to go much higher.
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Sterling Cant Gain Upper Hand in Forex Trading
April 23, 2010Currency trading with the U.K. pound Sterling can’t seem to pull out of its funk right now in forex trading. Indeed, even though the euro is finally showing signs of life against the U.S. dollar in currency trading, the U.K. pound continues to run into resistance. Even though the FTSE 100 is markedly higher today, [...]
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Sterling Sees Gains in Currency Trading
March 29, 2010Forex trading with the U.K. pound Sterling is seeing gains in currency trading on the FX market this morning, thanks to some favorable data, and the fact that there is a bit of a return to risk appetite today.
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U.K. Pound Plunges on Moodys Downgrade Warning
March 15, 2010Sterling in forex trading Currency trading on the FX market should consider that the sterling is dropping as traders consider the latest warning from Moody’s. The credit rating agency issued warnings that the U.S., U.K., France and Germany could face ratings downgrades soon with regard to their sovereign debt. The countries that are considered most [...]