Strong Retail Sales figures have helped Sterling in its ascendency this week. UK Retail sales grew by the most in over a year in March as the unusually warm weather boosted clothing and gardening sales. The oil price hikes that gave rise to a series of petrol panic buys also contributed to the marked increase. [...]
Read the rest of this entry »Archive for the ‘GBP Vs Japanese Yen’ Category
Sterling Exchange Rate Forecasts Boosted By Strong Retail Sales
Friday, April 20th, 2012Sterling Plunges as Oil Prices Surge. Hawkish Comments from ECB Official
Thursday, February 24th, 2011Sterling plunged by almost 1% to its lowest level in three-weeks against the Euro today. Sterling also dropped by 1.3% against the Australian Dollar, 1.6% against the Japanese Yen and was generally down across the board. The catalyst for this is the concerns about rising oil prices and the impact they will have on the [...]
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 »Latest Specific Currency Report – Sterling Vs. Japanese Yen
Tuesday, April 13th, 2010Sterling has been making good headway against the “safe haven” currencies as investors start to look toward an election outcome. Any outcome! The uncertainty surrounding the May vote has been a drag on sentiment for some time now, and with the announcement of an election date there is at least a light at the end [...]
Read the rest of this entry »
