Following the news that the UK economy contracted by -0.2% in the first 3 months of 2012, strong Sterling currency forecasts were halted and the Pound lost out to its major rivals, as investors were spooked by the headline of a double-dip recession – something not seen since the 1970’s. The Pound to Euro exchange [...]
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UK Economy falls into double-dip recession during the beginning of 2012 | Strong Sterling currency forecasts put on hold | Pound exchange rate slides back down
Wednesday, April 25th, 2012US Dollar Rallies as US Nonfarm Payrolls Up 227K | Sterling & the Euro Exchange Rates fade against Australian Dollar, New Zealand Dollar, Canadian Dollar, Indian Rupee & South African Rand
Friday, March 9th, 2012The US Dollar has soared across the board on the back of the prolific Nonfarm Payrolls. For the 17th consecutive month new people have been added to the payroll; private companies employed 233,000 new staff, while government organisations lost 6,000. The US Dollar Exchange Rate is trading almost a cent higher against the Pound Exchange [...]
Read the rest of this entry »Sterling Soars as Inflation Hits 4% in the UK
Tuesday, February 15th, 2011UK consumer price inflation was announced today and it came in at 4%, which is double the Bank of England’s target. The rate was in line with investor expectations as VAT rises, higher fuel prices and increased commodity prices increased the value of the UK shopping basket. The Pound initially declined as the news was [...]
Read the rest of this entry »US Dollar Rallies Due to Middle East Unrest. The Week Ahead…
Monday, February 14th, 2011Political unrest in the Middle East finally led to a change in market sentiment on Friday, as the US Dollar rallied against many of its counterparts. President Hosni Mubarak finally yielded in Egypt’s revolution and handed power to the military. The markets reacted to this development in conflicting ways. US equities rallied immediately and the [...]
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Thursday, November 4th, 2010Sterling got a boost last week as third quarter growth data came to the rescue on Tuesday, sending the pound sharply higher. The economy grew 0.8% in the 3 months to September, double what analysts were expecting. The 3.2% annualised rate of growth is more than healthy, and helped investors to banish any notion of [...]
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Monday, October 25th, 2010Last Wednesday was a big day for Sterling. It started with the publication of the minutes of the latest Bank of England meeting. They revealed a 3 way split in voting among the nine strong committee, with one member voting for an interest rate hike, one voting for further Quantitative Easing, and the rest sitting [...]
Read the rest of this entry »Latest Specific Currency Report – Sterling Vs. Canadian Dollar
Tuesday, August 31st, 2010A slight upward revision to the UK’s second quarter GDP figures to 1.2% did little to lift Sterling last week as investors focus on the longer term impact of the government’s austerity measures. On the other side of the Atlantic the US suffered a drastic revision downward in their Q2 GDP figure, from 2.4% to [...]
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