Market News
MARKET NEWS 9TH FEBRUARY 2011Posted 09.02.2011
Good Morning, GBP The Pound declined against the Euro and the US Dollar yesterday despite positive economic announcements released overnight to Tuesday morning. The BRC Retail Sales and RICS House Price Balance were released better than expected. The day ahead will see the release of the UK Total Trade Balance,… Read more
MARKET NEWS 8TH FEBRUARY 2011Posted 08.02.2011
Good Morning, GBP The Pound gained steadily throughout the day against the Euro, but failed to pick up against the US Dollar. It was a quiet day with minimal macro economic data announcements from the UK, however, overnight the BRC Retail Sales and RICS House Price Balance were announced. The… Read more
MARKET NEWS 7TH FEBRUARY 2011Posted 07.02.2011
Good Morning, GBP The Pound received an early boost on Friday morning after the Halifax UK House Prices gained for the month of January. The figure increased from -1.3% up to 0.8% showing that the UK housing industry was growing. However, later in the day announcements from the rest of… Read more
MARKET NEWS 4TH FEBRUARY 2011Posted 04.02.2011
Good Morning, GBP The Pound was given yet another boost yesterday morning as the Services PMI increased more than expected. This follows similar announcements from the Manufacturing and the Construction industries. The Pound immediately gained against most major currencies. However, later in the day it did lose strength against the… Read more
MARKET NEWS 3RD FEBRUARY 2010Posted 03.02.2011
Good Morning, GBP The Pound made further gains against the Euro and the US Dollar yesterday after the Construction PMI increased more than analysts had expected. This came one day after the UK Manufacturing PMI also spiked above expectations. The day ahead will see the final PMI announcement, the Services… Read more
MARKET NEWS 2ND FEBRUARY 2011Posted 02.02.2011
Good Morning, GBP The Pound gained against the US Dollar yesterday after the UK Manufacturing PMI increased to 62.0, the highest reading since 1992. Analysts had expected the PMI to fall from 58.3 down to 58.1 for the month of January, so this reading was completely against expectations. Today’s Construction… Read more
MARKET NEWS 1ST FEBRUARY 2011Posted 01.02.2011
Good Morning, GBP The Pound gained against the Euro and the US Dollar yesterday after economic announcements from around the globe helped boost Sterling. This occurred on a day where there were minimal economic announcements from the UK. The day ahead will see the release of the UK Manufacturing PMU… Read more
MARKET NEWS 31ST JANUARY 2011Posted 31.01.2011
Good Morning, GBP The Pound completed a volatile week by losing strength against the US Dollar, but picking up against the Euro. The Pound fluctuated on Friday morning as David Cameron states that UK debts are unsustainable and action could not be put off. Just like the end of last… Read more
MARKET NEWS 28TH JANUARY 2011Posted 28.01.2011
Good Morning, GBP Most currencies experienced a volatile trading day yesterday, and the Pound was no exception. With no major economic announcements from the UK, the Pound was dictated by announcements from the rest of the globe. EUR The major news from Europe yesterday was a statement from European Central… Read more
MARKET NEWS 27TH JANUARY 2011Posted 27.01.2011
Good Morning, GBP The UK remained in the spotlight yesterday after the Bank of England released its minutes from its recent policy meeting. It revealed that the members voted 7-2 to keep interest rates on hold. This is a significant announcement because Andrew Sentance was joined by Martin Weale in… Read more
Disclaimer
This commentary is generic and may not suit all circumstances. Before taking any action, we recommend either contacting your trader for guidance or obtaining independent financial advice. The information in this document was obtained from sources believed to be reliable but its accuracy and completeness cannot be guaranteed. The views and recommendations in this communication are typically short term trading views. Comments constitute views at the time of writing and are subject to change without notice. The rates shown are all indications. For specific quotations, please contact your usual trader. This document is not intended as an offer, solicitation or recommendation to buy or sell.
