Dollar Pound forecast page 8 - USD GBP

This afternoon’s session was marked by further positive data releases in the US. Manufacturing production data for last month showed that the combined output of America’s factories expanded by a healthy 0.8% last month, while US Industrial Production data, also for February, showed a gain of 0.7%, which was well ahead of analysts’...

The Pound has consolidated on yesterday’s gains during the overnight session, following comments from Bank of England Governor Mervyn King, who stated that the British economy is on the verge of a recovery. The BoE Governor’s words represented a significant U-turn, as King has consistently delivered negative commentary regarding the state...

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...

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’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...

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...

The newswires during this morning’s session have been buzzing with analysts’ reactions to two differing sets of Q4 Gross Domestic Product figures. Australia lead the way during overnight Asian trading, and investors holding the ‘Aussie’ liked what the official GDP data showed – economic activity in the go-ahead Antipodean economy...