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 ...
Mervyn King Comments Hurt the GBP
September 15, 2009 11:06 pm by Dan EduardEarlier today, there was the Inflation Report Hearings from Britain that discussed the morning's inflation report. The Bank of England (BoE) Governor Mervyn King stated during the hearings that there is a reasonable chance for the BoE to lower British ...
GBP Bullish Run Set to Continue
September 11, 2009 10:30 am by Dan EduardThe Pound has received much support from the global economic recovery and the improving British economic data as of late. If you read my recent article, Bank of England Decision Boosts GBP, you will get a further understanding of why ...
Bank of England Decision Boosts GBP
September 10, 2009 4:28 pm by Dan EduardThe decision by the Bank of England (BoE) to keep British Interest Rates unchanged helped boost the GBP significantly. This is notable as prior to the news; the Pound was trading level for today vs. a number of its major ...
Pound to Benefit from British Economic Rebound?
September 9, 2009 1:49 pm by Dan EduardBritish consumer confidence rose to its highest level since May 2008. According to the Nationwide Building Society, it rose to 63 in August from 61 in July, the highest level since May 2008. This result came the same day that ...
GBP Plummets as Economic Woes Mount!
August 19, 2009 9:21 pm by Dan EduardThe GBP plummeted today due to economic woes mounting as the trading day dragged on. The GBP first started falling following the Monetary Policy Committee (MPC) Meeting Minutes in early trading, as the Governor of the Bank of England (BoE) ...
GBP Updated
August 12, 2009 2:46 pm by Dan EduardThe British Pound experienced an extremely volatile day of trading so far today. As I have stated in my previous articles, the Pound seems to be highly correlated with the energy and banking industries. As we have seen Crude Oil ...
GBP Weekly Forecast – Stay Tuned!
August 11, 2009 5:04 am by Dan EduardThe British Pound is set for another mouthwatering trading week, as we approach mid-August trading. Monday trading saw the British Pound dive against its most traded currency pairs. This came about on the back of last week, which saw the ...
GBP Weekly Summary
August 7, 2009 10:59 am by Dan EduardThe Pounds recovery in recent weeks seems to be under great threat due to a controversial Bank of England (BoE) on Thursday. The Monetary Policy committee (MPC) of the Bank of England decided to extend the quantitative easing programme by ...
