British Consumers Increasingly Pessimistic
October 28, 2011 3:04 pm by Greg HoldenA survey conducted of roughly 2,000 British citizens asking them to rate their views on the state of the economy found that pessimism is growing in the UK. The report, issued by GfK NOP, reported a decline by two base ...
British Manufacturing Dip Drags on Pound Sterling
August 1, 2011 4:03 pm by Greg HoldenA minor downtick in Britain’s manufacturing purchasing managers index (PMI) helped drag the British pound (GBP) slightly lower in today’s European trading sessions. Though the UK’s housing sector was seen rising last week, a dip in manufacturing appears to be ...
British Pound Expecting Downturn from Bearish Data
May 4, 2011 4:30 pm by Greg HoldenBritain experienced another bearish trading session today following a series of reports which failed to meet expectations. The British economy has been struggling in the manufacturing and industrial sectors, which now appears to be spilling over into other aspects of ...
S&P Spooks Market with Downgrade of US Outlook
April 19, 2011 2:35 pm by Greg HoldenStandard and Poor’s (S&P) rating agency downgraded its US long-term outlook from stable to negative today, citing indecisiveness among US policymakers as the main reason. The agency commented on how the downgrade was necessary considering that over two years have ...
USD Unlikely to Extend Gains with Trade Balance Figure
April 12, 2011 6:26 am by Dan EduardYesterday saw a mixed trading session for both the USD and CAD. While both recorded gains against the British pound throughout the day, the yen was able to develop serious bullish momentum in overnight trading, and took in well ...
GBP Rises on All Fronts
April 6, 2011 7:07 am by Anton EljwizatThe GBP experienced one of its most bullish trading days in recent weeks on Tuesday. The GBP made significant gains against many of its most traded currency pairs, such as the EUR, JPY and USD.
EUR Rises on All Fronts
March 25, 2011 7:50 am by Anton EljwizatThe EUR experienced one of its most bullish trading days in recent weeks on Thursday. The EUR made significant gains against many of its most traded currency pairs, such as the GBP, JPY and USD.
Shifting Risk Sentiment Creates Volatile Trading Conditions
March 16, 2011 6:58 am by Anton EljwizatFollowing yesterday’s heavy news day, currency values appear to be experiencing wide swings in value. The US went bullish versus most of its currency rivals, while the euro experienced mixed results. As this week reaches its mid-point, the rest of ...
Pound Comes Into Focus Today
March 10, 2011 7:27 am by Anton EljwizatWith the release of British interest rates this morning, markets will be focusing on the BOE and how the bank addresses inflation.
GBP/CHF Bouncing Off 1.5000 Support Line
March 8, 2011 7:30 am by Greg HoldenThe GBP/CHF has recently found solid support at the 1.5000 price level. Technical indicators, and the pair’s general trend, now seem to suggest a steady upward movement is expected.
