USD Continues to Slide As Traders Go for Riskier Assets
January 25, 2011 7:29 am by Anton EljwizatThe USD slid against a number of currencies yesterday, as traders dropped the greenback in favor of higher yielding equities as the global stock markets rallied. Additionally, the EUR gained due to positive economic figures on euro zone industrial orders ...
Solid Economic News Leads to Big Gains for the Pound
January 20, 2010 3:18 pm by Dan EduardThe British economy seems like it is well on its way to recovery following the release of the Claimant Count Unemployment figures earlier today. According to the report, unemployment fell by a surprising figure of 15.2K in December, defying predictions ...
U.S. Unemployment Claims to Set the Pace of the USD
November 5, 2009 2:40 pm by Dan EduardThe U.S. Unemployment Claims Report will set the pace of the USD today. Despite the Dollar diving against the GBP so far today, in the coming hours there is some mouthwatering data that is set to be released from the ...
Dollar Slides Whilst Gold Climbs
October 20, 2009 9:47 am by Dan EduardThe Dollar slid against its major currency pairs no Monday due to a variety of factors. This includes the bullish streaks of both Gold and Crude Oil, which put downward pressure on the Dollar. Additionally, Federal Reserve Chairman Ben Bernanke ...
Pound Jumps Despite Dismal Inflation Figures
October 13, 2009 9:12 pm by Dan EduardThe British Consumer Price Index (CPI) figures showed that prices in Britain rose by 1.1% in September, compared with the same time a last year. This was below the forecasted 1.3% increase by top analysts. This was the smallest price ...
British Consumer Confidence Rises to a 1-and-a-half Year High
October 7, 2009 1:13 pm by Dan EduardBritish Consumer Confidence rose to its highest level since April 2008, according to a survey released last night. The Nationwide Consumer Confidence release showed that the indicator rose to 71 from the previous figure of 68. This lent some support ...
GBP Tumbles on Publication of Poor Manufacturing Data
October 6, 2009 3:55 pm by Dan EduardAccording to the Office of National Statistics, British Manufacturing Production dropped to its lowest level since 1992, as the Index of Manufacturing fell to 87.8. This was much unexpected, and shows that the British economy is finding it very difficult ...
Pound Tumbles to a 5-Month Low vs. the EUR
September 24, 2009 2:36 pm by Dan EduardThe Pound Sterling Slid to a 5-month low against the EUR today on the back of pessimistic comments made by Governor of the Bank of England (BoE) Mervyn King. To sum up, he stated that it was more beneficial for ...
Pound Declines as British Economic Recovery is in Doubt!
September 21, 2009 1:15 pm by Dan EduardThe British economic recovery being in doubt has led to the British currency recording nearly 2 straight weeks of declines against the U.S. Dollar and EUR. In order to understand the correlation between the British economy and the Pound, we ...
