Latest Currency News Continued - page 80

POUND STERLING This week is an extremely quiet week for UK data, with no significant releases due today. This means that investors are likely to concentrate on the UK’s relative yields versus other economies, which is likely to spell bad news for investors holding Sterling-denominated investments. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.5918 All bets are...

The Pound Euro exchange rate (GBP EUR) is 1.1484. The Pound Dollar exchange rate (GBP USD) is 1.5966. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5350. This week’s session begins with investors focussing on events in the Eurozone, where policy-makers are locked in talks to thrash out a workable proposal to deal with the region’s sovereign debt crisis. Last week ended on a positive note for Europe, with the...

POUND STERLING Today was a good news/bad news day for the Pound. On the credit side, this morning’s UK Public Sector Net Borrowing figure for September came in at a lower-than-anticipated level. However, the Nationwide Consumer Confidence survey showed that British consumer confidence contracted for the fourth month in succession. The net result has been a broadly Sterling-neutral session. NEAR -TERM OUTLOOK – NEUTRAL....

The Pound Euro exchange rate (GBP EUR) is 1.1459. The Pound Dollar exchange rate (GBP USD) is 1.5804. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5446. Yesterday saw the release of significantly better-than-anticipated UK Retail Sales data for September. The numbers revealed that British shop sales, (a figure which excludes Auto fuel), expanded by a monthly 0.6% last month. This figure showed a significant...

POUND STERLING UK Retail Sales figures for September, released earlier today, significantly bettered analysts expectations, both on a monthly and an annualised basis. However, Sterling has lost ground on the day against almost all of the other majors. The old market adage states that, ‘what should go up and doesn’t go up can only come down’, so the next few sessions could prove difficult for the Pound. NEAR -TERM OUTLOOK...

The Pound Euro exchange rate (GBP EUR) is 1.1471. The Pound Dollar exchange rate (GBP USD) is 1.5719. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5457. Sterling was the best-performing of the sixteen most-actively traded global currencies during yesterday’s session. This was largely due to the market’s positive reaction to the release of the minutes of October’s Bank of England monetary policy committee...

POUND STERLING This morning’s UK CPI Inflation data for September showed that British prices are rising at an annualised 5.2% versus the government’s target of 2%. Ordinarily a release of this nature would see the economy in question’s currency come in for strong support, however the Pound has struggled to make gains on the day, suggesting that investors feel that there is no hope of the Bank of England raising interest...

The Pound Euro exchange rate (GBP EUR) is 1.1504. The Pound Dollar exchange rate (GBP USD) is 1.5767. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5537. The US Dollar broke its recent run of losses during yesterday’s trading session, to register a significant gain against the other majors for the first time in ten days. On a light day for data, support for the Greenback was largely caused by the continued...

POUND STERLING The Pound has performed reasonably on the day against all of the majors, with the exception of the low-yielding Yen and US Dollar. This has been in spite of a report by the Ernst & Young’s widely-respected Item Club, predicting a slowdown in British economic activity and the release of the latest Rightmove House Price survey, which showed that the annualised increase in UK house prices is decelerating....

The Pound Euro exchange rate (GBP EUR) is 1.1390. The Pound Dollar exchange rate (GBP USD) is 1.5826. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5304. Last week ended with a better-than-anticipated US data release for the second week in succession, with Friday’s US Retail Sales data for September, (the week before saw the release of encouraging US labour market figures. Analysts had expected the US shop sales...