Since last Thursday’s interest rate decision, GBP has failed to show any strength against any of the major currencies. Falling through short term support levels and looking to test lower levels. Conversely the US Dollar looks in a buoyant mood again since the non-farm payroll figures on Friday.
The non-farm payroll data trumped forecasts with a whopping 271k versus forecast 181k. Unemployment rate stayed unchanged at 5%.
It seems the trend for US Dollar (up) and British Pound (down) may stay in those general directions, with some retraces, until the unemployment figures …

Many economists forecast steep inflationary growth in the UK over the coming months with the effects from weak commodity prices and falling university fees tailing off. As a result, some analysts are going so far as to predict that the Bank of England (BoE) could increase the benchmark interest rate ahead of the Federal Reserve. This has seen the Pound edge higher versus its major peers on Thursday morning. British Retail Sales data, due for publication later on Thursday, has the potential to provoke volatility for the Pound. Should the …

Sterling managed to romp higher against a number of its peers on Friday as investors responded to hawkish interest rate related commentary from Bank of England (BoE) policymaker Kirstin Forbes. After Forbes intimated that a UK interest rate hike could occur sooner than markets currently envisage the Pound firmed, consolidating gains accrued earlier in the week following the release of an upbeat UK labour market report. Yesterday’s Rightmove House Price data revealed property price gains of 0.6% on the month and 5.6% on the year, down from the figures recorded …

The British manufacturing industry sidestepped sturdy growth last month in favour of job losses and softer output, according to yesterday’s PMI print.
The lowlight of the report was the jobs sub-index, which came in below the 50.0 mark that separates growth from contraction for the first time since 2013. However, the Pound avoided any heavy losses because the headline PMI index came in at 51.5, which was slightly better than economists’ forecasts of 51.3 but still represented the second slowest score in the last two years.
Analysts said that the …

After yesterday’s British economic docket saw a complete absence of data to provoke volatility, the Pound exchange rate edged lower versus its major peers in response to dovish Bank of England (BoE) rate hike expectations. With a lack of inflationary pressure and China’s slowing economy weighing on policymaker confidence, many futures traders are now betting that the BoE will delay a benchmark interest rate hike until mid-2016. Tuesday’s European session will see the publication of UK Mortgage Approvals, Net Consumer Credit and Net Lending securities on Dwellings which will be …

Although the Pound was initially bolstered as Federal Reserve interest rate hike expectations were pushed back following last week’s FOMC policy meeting, the BP exchange rate has since recorded widespread losses as a result of bets that the Bank of England (BoE) won’t take action before the Fed. With no UK data to stem the flow of losses, the Pound fell against peers like the Euro, US Dollar and Australian Dollar. Today’s UK BBA Loans for House Purchase report could have a modest impact on Pound trading.
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Commentary from …

After hitting a one-month high of over 1.38, the GBP/EUR exchange rate tumbled back to 1.37 before the close of Tuesday’s European session. Demand for the Pound ebbed as UK public finance data provided cause for concern and Sterling also lost ground against a number of its other most traded currency counterparts. With UK data lacking this week further Sterling movement may be limited.
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Although the Volkswagen scandal had a damaging impact on the company’s shares and could spell trouble for the fortunes of the Eurozone’s largest economy, the …