Weak GDP Sinks the Pound
January 25, 2011 1:35 pm by Russell GlaserA surprising 4Q GDP report from Britain showed the British economy actually contracted. In response the pound sold off sharply as traders adjust their expectations for Bank of England interest rate moves.
ForexYard Daily Trading Tips
July 23, 2010 8:25 am by Yan PettersThe main development yesterday was the appreciating Euro. Following several days on which the Euro dropped against the Dollar and the Yen, the Euro saw a correction yesterday and managed to erase most of its losses.
Prelim GDP Shock Figures Threaten Pound’s Stability
October 23, 2009 12:58 pm by Dan EduardThe most important issue facing the Pound's stability is the implications of the recently released shocking figures of the British Prelim GDP publication. The release indicates that the British economy is facing the longest protracted decline in recent history.
Pound Tumbles on Publication of Prelim GDP Figures
October 23, 2009 12:05 pm by Dan EduardThe Pound tumbled on the publication of the Prelim GDP figures. The publication measures the change in the inflation adjusted value of services and goods that are produced by the British economy. The figure was a surprisingly low -0.4%, far ...
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 ...
British Currency Weekly Forecast – Another Twist in the Tale!
August 24, 2009 7:42 pm by Dan EduardAfter seeing the British currency experience a very turbulent trading week last week, the Pound is set for another mouthwatering trading week. Fears continue to mount, as banks from Credit Suisse to Citibank recently downgraded the Pound. This in itself ...
Dollar Records Mixed Results as Geithner Disappoints Investors
February 11, 2009 8:45 pm by Dan EduardThe Dollar recorded some mixed results in yesterday's trading as traders were disappointed by Treasury Secretary Timothy Geithner. Geithner spoke yesterday about the Treasury's plan for a new $2 trillion Dollar banking bailout plan. This follows the approval by the ...
