Pound Sterling forecast page 9 - gbp pound sterling pound sterling

The euro took a hit during this morning’s session as investors’ focus once again settled on Italy. The troubled Mediterranean nation, which is effectively rudderless following last month’s inconclusive general election result, was the subject of a damning result from the global bond market earlier today, when the latest auction of...

Yesterday afternoon’s closely-watched UK GDP Growth Estimate for February showed that the UK economy is still in contraction. The figure, which uses the British Government’s official modelling software to generate its forecast, suggests that Britain’s down-at-heel economy shrank at a quarterly pace of 0.1% last month. Even more...

Sterling endured yet another torrid opening to today’s session today following the latest in a long line of disappointing 0930hrs data releases. This time it was January’s edition of UK Industrial and Manufacturing Production data which hit the Pound, sending the GBP EUR exchange rate down to below the 1.1400 level and to within half a...

There was more disappointing news from the eurozone yesterday afternoon, but the Pound euro exchange rate (currency : GBP EUR) still closed down on the day yesterday. In a worrying development from Italy, the spectre of mainland Europe’s ‘elephant in the room’ re-entered the minds of investors with the news that the struggling...

Friday afternoon’s US Non-Farm Payroll data for last month showed that almost a quarter of a million workers had been added to the American payroll. Analysts had been expecting a print of only 165,000. The release triggered a lurch in risk sentiment which precipitated significant movement for the world’s major currency pairs. Investors...

Friday’s session brought significant price action for more than one Sterling-based currency pair following the release of labour market data in the world’s largest economy which thrashed market expectations. The final session of the week brought the publication of last month’s Non-Farm Payrolls data in the USA and the closely-watched...

Last night’s Chinese Trade Balance data made for interesting reading for investors holding an array of different currencies. The import / export numbers from the world’s second-largest economy painted a decidedly mixed picture. On the debit side, last month’s Chinese import figures showed a marked drop-off in comparison with...

The Bank of England chose to maintain its current policy stance yesterday and the POUND STERLING registered short term gains as a knee-jerk reaction. The decision against further Quantitative Easing came as a relief, but within hours investors were shifting out of Sterling-denominated assets thanks to fears over levels of governmental debt...

Today’s two major global central bank policy decisions came out broadly in line with analysts’ expectations. The Bank of England opted to maintain its current policy stance – economists had been factoring-in a fair chance of an increase to the UK central bank’s ongoing Quantitative Easing scheme, following last month’s Monetary...

Yesterday afternoon’s session brought yet another encouraging data release from the world’s primary economic power. Analysts had expected February’s US ADP Employment data, published at the start of the North American session, to show an increase of 170,000 in the number of American’s in employment last month. The actual print tipped...