Pound Sterling forecast - gbp pound sterling pound sterling

This morning’s session was notable for the publication of the minutes of June’s Bank of England monetary policy committee meeting. The memos of this month’s UK central bank get-together revealed that, once again, the nine man committee was split on whether to augment the £375bn which has already been allocated to Britain’s...

Every so often there comes a watershed moment in the currency markets – the news that Lehman Bros had gone under, America’s AAA sovereign debt downgrade and the Swiss National Bank’s decision to introduce a minimum floor of 1.2000 for EUR CHF spring to mind in recent years. Today’s session has the potential to provide investors with...

Two European data releases have dominated price action in the currency markets so far today. The latest headline UK inflation figure lead the way in the early part of the session, providing a fair wind for the Pound. The May Consumer Price Index figure revealed that rate of British price increases jumped from 2.4% in April to 2.7% last month....

Sometimes politicians go too far. After signs in recent months that the economic situation in Greece was stabilising and with some positive economic growth in the troubled Hellenic state firmly within sight, the nation’s leader Antonis Samaras appears to have plunged his country into a new constitutional crisis. Samaras didn’t act to end...

A quiet start to the week for the POUND STERLING is likely to end tomorrow morning when the latest set of UK CPI inflation figures are published. Analysts are anticipating a slight rise in the annualised figure; if this comes to pass, then given the slightly firmer tone of recent British data releases thoughts of an extension to QE by the...

Last Friday’s session saw the IMF weigh into the argument on whether now is the time for the Federal Reserve to begin reducing down the $85bn per month which it continues to pump into its Quantitative Easing programme. The austere body issued a warning to US policymakers that the massive cuts to its Federal budget which President...

The Pound received a boon earlier today when a detailed survey of the British housing sector revealed that the average sale price of properties in England and Wales reached £233,061 during April. This was the highest recorded reading for the figure, meaning that Britain’s housing market appears to have recovered from the credit crisis...

The twin highlights of today’s session come in the form of this morning’s whole of eurozone CPI inflation data for last month and this afternoon’s US Michigan Sentiment Index. The figures from either side of the Atlantic have one common thread – they are both highly likely to have a bearing on investors’ thoughts on the likely...

The European Central Bank monthly report, published earlier this morning, had a broadly neutral effect on the EURO. However, the closely-monitored release sent out a confident message regarding price pressures in the eurozone, stating that inflation in the region remains firmly under control. The statement leaves the door open for a further...

Last night’s Asian session brought considerable volatility for the Anipodean Dollars following key risk events in both Australia and New Zealand and a potentially game-changing announcement from the World Bank regarding the future prospects of the Chinese economy. As expected, the Reserve Bank of New Zealand announced in the early hours...