Tag Archives: GBP
GBP Mid-day Analysis
The Pound continues to lead the pack against the Dollar, with another fresh contract high thrustovernight. In addition to news that UK Services PMI rose,
GBP Mid-day Analysis
The Pound continues to hold within striking distance of its recent highs but the bull camp has to be alittle disappointed in the inability to sustain the move to new highs last week in the wake of the US data on Friday.
The Week Ahead in FX
In the week ahead, market participants will be focusing on Thursday’s ECB monetary policy announcement. Rate reviews by BoE and the Reserve Bank of Australia will also be closely watched.
The ‘Mightier’ Pound Could Soon Fall
It was confirmed this week that the UK economy is the mightiest of developed economies at the moment, with the 2.7% annualized rate in Q1 looking even better when judged against the US stagnation.
Weekly CFTC Trader Positioning Data
A quiet week for sentiment, given that Tuesday’s position datefails to incorporate much of the event risk that followed. The pullback in all of the long positions underscores this anticipation.
GBP Mid-day Analysis
The Pound continues to slide back from yesterday’s 4 1/2 year high and is finding moderate pressurethis morning. A surprising miss in the April UK Construction PMI number has been a source of pressure earlytoday,
Beware, These Extended FX Positions Are Vulnerable In May
Large currency exposures tend to be scaled back between May and August according to BNP Paribas’ FX Positioning Analysis.
GBP Mid-day Analysis
The Pound has pushed to a fresh new high and that move is clearly justified by the latest positive flow ofUK economic news. Overnight UK manufacturing PMI saw another upside breakout and
Week Of The Dollar Or Weak Dollar?
In a note to clients today, Goldman Sachs continues to layout the argument for why the Dollar should strengthen over the coming year, especially against other G10 currencies.
GBP Mid-day Analysis
The Pound forged a rather narrow range overnight but retained a bullish setup. Supportive UK inflationdata, a decline in the Irish unemployment rate and
GBP Mid-day Analysis
Now that the Pound has returned to contract highs and it has seemingly lost some upward momentumaround the 1.68 level it becomes imperative that overall global economic sentiment improve to
UK: Preliminary Q1 GDP slightly below expectations
GDP increased by 0.8% q/q in Q1 2014 which is somewhat below expectations as well as our forecast and the forecast by the Bank of England.