Sterling Weakness Prevails Before Jobs Report
June 3, 2011 12:29 pm by Russell GlaserLeading up to this afternoon’s US jobs report the British pound has slipped versus the dollar and the euro with the EUR/GBP recovering to levels prior to the renewal of the European debt crisis two weeks ago.
Euro Gains on Chinese Interest while Gold Falls $10
May 26, 2011 1:22 pm by Russell GlaserThe FX markets have calmed following the sharp price moves seen in the Asian session as traders await US economic data later. The euro and equities are higher spurred by Chinese interest in Portuguese bailout debt and dollar block currencies. ...
Sterling and Spot Silver Make Gains
May 25, 2011 1:16 pm by Russell GlaserA drop off in risk overnight fueled by rumors of a crack election in Greece faded as the day went on but the euro continues to trade lower. Sterling was bid this morning as was spot silver with markets awaiting ...
UK Unemployment Claims Unexpectedly Rise as Sterling Slides versus the Euro
May 18, 2011 11:05 am by Russell GlaserSterling is lower after an unexpected jump in UK unemployment claims while the unemployment rate surprisingly declined. As expected, meeting minutes from the Bank of England’s latest policy meeting showed the MPC is determined to hold interest rates at ultra-low ...
Pound Soars After BOE Signals Potential Rate Increase
May 11, 2011 12:47 pm by Russell GlaserSterling was up across the board after the Bank of England increased its inflation forecasts and signaled it will begin tightening monetary policy vis-à-vis higher interest rates. This should keep Sterling as a bid in the near term versus both ...
FX Technical Analysis – GBP/USD
May 3, 2011 3:45 pm by Russell GlaserFollowing today’s release of disappointing UK Manufacturing PMI data, Sterling sold off sharply. Traders should be looking for a technical retracement to reenter at better levels.
Euro Showing Signs of Weakness, Pound Tumbles
May 3, 2011 1:34 pm by Russell GlaserThe failure of the EUR/USD to advance above the 1.4900 level is beginning to slow momentum traders and profit taking in the pair has ensued. Versus the pound the euro is higher after weaker than expected UK manufacturing data. The ...
EUR/GBP Uptrend Stalling
April 28, 2011 10:34 am by Russell GlaserYesterday’s UK Q1 GDP release helped to put the Bank of England hawks back in charge in the debate over monetary policy. This should support sterling in the near term as traders continue to favor currencies with rising rates. As ...
Sterling Trading Higher After GDP Data as All Eyes Turn To Bernanke
April 27, 2011 2:39 pm by Russell GlaserThe pound is the best performer on the day after the Q1 GDP data while the yen is down. All this leads up to the US interest rate announcement and the inaugural Fed press conference with Chairman Ben Bernanke to ...
Sterling Rises on Hawkish Comments
April 15, 2011 12:17 pm by Russell GlaserThe pound was bid this morning versus the euro and the dollar following hawkish comments from Bank of England Monetary Policy Committee member Andrew Sentance.
