CBI raises their UK growth outlook, GDP expected at 2.6%
GBP Overnight the CBI raised their UK growth outlook, with GDP now expected at 2.6% this year, up from 2.4%. The CBI also suggested that the Bank of England would raise interest rates in the first...
View ArticlePound Sterling at the whim of other Majors
UK Pound Sterling, US Dollar and EUR single currency news from Argentex. GBP There were no data releases from major economies at all throughout yesterday, so the exchange rates were quiet, right?...
View ArticlePound Vs Dollar GBPUSD 1.60 levels expected short term
UK Pound Sterling, US Dollar and EUR single currency commentary provided by Argentex: GBP Today is the third consecutive day of no economic releases from the UK, which puts GBP way in the back seat,...
View ArticleMorgan Stanley EURUSD Target 1.1760 and 1.20 possible
GBP If sterling was buffeted back and forth the day before, yesterday was a concerted down day. Three-and-a-half cents against the dollar in a little over 24 hours is certainly not a good performance...
View ArticleEuro Currency at the Whim of its Peers This Week
Expect the Euro to be at the whim of its most actively traded counterparts, which may not be good news for the single currency after ending last week on a negative tone This article Euro Currency at...
View ArticleBrexit talks and GBP Sterling, US Dollar, Euro Currency
GBP The media are starting to talk more and more about a Brexit. The current attention paid to the plight of asylum seekers both by the media themselves and by social media armchair warriors will add...
View ArticleJP Morgan and Morgan Stanley are short GBPUSD targeting 1.52 and 1.51
GBP Chief economist Andy Haldane said that persistent low inflation could lead the Bank of England to actually cut rates. Nobody really thinks this will happen, hence why the remarks had little effect...
View ArticleGBP / Sterling: BoE Deputy comments will be closely scrutinised
GBP UK Pound Sterling has started the week in a strong position, gaining significantly against the euro, where monetary policy divergence seems to be taking hold and for once the pair start to trade in...
View ArticlePMI Day in the Eurozone – Forex News for EUR GBP USD
GBP Public Sector Net Borrowing was up considerably from expectations, according to data released yesterday. Even though it’s the only piece of data of any note form the UK this entire week the market...
View ArticleGBPEUR Pound Sterling to Euro: Credit Suisse, BNP Paribas and Credit Agricole...
GBP (Pound Sterling) Sterling looked like it was staging a comeback. Indeed, the delaying of interest rate hike expectations to as far out as 16 months from now was probably a bit overdone. Granted,...
View ArticleCaledonia Mining Corporation Declares Ninth Quarterly Dividend
Caledonia Mining Corporation (LON:CMCL TSE:CAL OTCBB:CALVF) today announced that the Board of Directors has declared Dividend Number 11, this being a dividend of one and one eighth United States cents...
View ArticleBritish pound could rise further as bookies back UK ‘stay’
GBP CPI was 0.5%, its highest level since December 2014. It certainly helped the British pound stem some of the bleeding it’s been suffering from of late, and under normal market conditions a piece of...
View Article3 Reasons for the Pound to jump – Argentex Daily Commentary
GBP Construction PMI today will be less important than tomorrow’s Services PMI data, which in turn should be eclipsed by the data on super Thursday. It’s certainly been built up enough, hopefully the...
View ArticlePound against the Euro 1.4815 Expected by BNP Paribas
GBP This week is probably one of the quietest I’ve seen in terms of data from the UK, with more fundamental data released over Christmas and New Year than this week’s Average Earnings Index and...
View ArticleWill Jobless Claims and ILO Unemployment Impact the Pound today?
GBP Aside from the British Retail Consortium’s retail sales monitor over the night before, which slowed as a result of falling food prices, there was nothing on the economic calendar to get excited...
View ArticleUSD loses ground against Sterling and Euro
GBP UK average earnings, yesterday morning, missed expectations, falling more than had been anticipated from last month’s 5 year high. While in the moment this is not at all supportive for the pound,...
View ArticleKristin Forbes low interest rates damaging helps the pound
GBP Sterling enjoyed a strong end to last week, and appears to have started this one on the front foot against most of its major counterparts, despite a relatively benign economic calendar in recent...
View Article(Update) Inflation data effect on the British Pound
GBP Sterling kicked off the week with enthusiasm, quickly rising through the early morning trade to a new August high against the dollar and almost 2 cents higher than Friday’s low against the euro....
View ArticleUSD Fed Minutes and Consumer Price Index data Potential Market Movers today
GBP UK inflation increased by 0.1% in July, a meager change from last month’s 0.0% by anyone’s measure, but an important one nonetheless. Carney has just warned that inflation could remain flat or dip...
View ArticleWill Retail Sales Boost the pound Sterling today?
GBP The Pound rode the wave of the previous day’s inflation readings throughout yesterday, testing the range-top on GBPUSD but was unable to sustain the appreciation against the single currency. This...
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