Pound Singapore Dollar forecast page 3 - GBP SGD

POUND STERLING This morning’s PMI Manufacturing Survey results showed that the UK’s manufacturing sector contracted once again last month, but not by as much as analysts had anticipated. Poor data from Britain’s real economy is nothing new, but nonetheless, the Pound lost ground against all but the high-yielders on the day....

POUND STERLING This morning brought more depressing news regarding the British economy; UK unemployment grew by almost 130,000 in quarter 3, whilst the Bank of England’s inflation report stated that the bank expected little or no economic growth in the UK until the middle of next year. NEAR -TERM OUTLOOK – NEUTRAL TO NEGATIVE....

POUND STERLING UK Inflation figures released this morning showed that the headline CPI rate of inflation rose again last month. However, the markets had expected this and the Pound has lost ground against most of the other sixteen most-actively traded currencies during today’s session as fears increase over the health of the UK’s...

POUND STERLING Some positive UK data released today has failed to cause a move forward for the Pound, signalling that market participants are still concerned about rock-bottom UK interest rate expectations. Last night’s CBI Trends Total Orders data beat expectations as did this morning’s CBI Trends Selling Prices figure, however...

POUND STERLING The FTSE 100 has once again shown gains today, following its heavy losses of the early part of the week. This has propped the Pound up, but fears remain over the state of Britain’s real economy following Chancellor George Osborne’s warning yesterday that the UK faces a ‘hard recovery’. NEAR-TERM OUTLOOK – NEUTRAL....

POUND STERLING With investors eyeing the release of tomorrow’s Bank of England Minutes from July’s MPC meeting, the Pound has held steady on the day. If the minutes reveal that the nine-man committee discussed an extension to the £200bn of funds already committed to the UK’s Quantitative Easing scheme, then Sterling could come...

POUND STERLING UK job market data released this morning sent out mixed messages about the state of the real economy in the UK. On the one hand, the figures showed that UK Unemployment dropped by its largest quarterly amount since 2000. However, the numbers also showed a much larger than anticipated monthly increase in the number of people...

POUND STERLING No data of note was released in the UK today, so the Pound suffered limited downside against most of the majors as the market continued to pare its expectations of a near-term cut in UK interest rates. Tomorrow’s residential mortgage numbers and PMI Manufacturing survey for May will further determine investors’...

POUND STERLING UK trade figures released earlier today outstripped analysts’ expectations, providing a much needed fillip for the Pound. Tomorrow’s Band of England interest rate decision is key. Futures markets have factored in a 15% chance of a rate rise, so if the BoE maintain rates at 0.5%, some downside for is to be expected for...

POUND STERLING Sterling has suffered heavy selling pressure over the last 24 hours following yesterday’s worse-than-anticipated PMI Services Sector figure. This morning’s Halifax House Price survey for February showed a monthly contraction in the UK housing market. Meanwhile, Sterling loses ground to the Euro on relative interest rate...