Tag Archives: GBP
GBP Mid-day Analysis
While the Pound was initially lifted by the positive maneuvers by the PBOC overnight, a reversal inequities, fears of more slack US scheduled data and a slight rise in Ukrainian concerns knocked the Pound backdown toward the session’s lows.
GBP Mid-day Analysis
The Pound remained off balance overnight, as UK inflation expectations sparked deflationary dialogueovernight. One might also expect some pressure on the Pound,
GBP Mid-day Analysis
The Pound has come away from GDP revisions overnight with a slightly positive tilt. However, thePound is winning by default and it is also winning because of a very low bar of economic competition from othereconomic zones.
GBP Mid-day Analysis
Not surprisingly, the Pound has ranged up on its charts in the wake of favorable UK CBI retail salesresults for February. With an extremely low economic activity bar seen on the global economic scene,
Where to go loco
It’s a truism that all politics are local, but for financial markets globaldevelopments periodically hog centre stage. A clear example was the run-up toFed tapering, which we are now over.
GBP Mid-day Analysis
A stair step pattern of lower lows and lower highs in the Pound would seem to leave the bear camp witha slight edge to start the new trading week.
The Week Ahead in FX
In the week ahead, the euro zone is to release what will be closely watched preliminary data on consumer price inflation. Switzerland is to publish data on fourth quarter growth,
Weekly CFTC Trader Positioning Data
The USD is being traded not as a broad US‐centric theme butinstead with the focus on the local domestic stories. Accordingly sentiment is favouring a fairly mixed USD performance.
UK Retail Sales Drop In January After Positive Christmas Spending
Retail sales in the UK fell in January after the pre-Christmas surge in spending, figures have shown, but sales remained stronger than a year earlier.
GBP Mid-day Analysis
The Pound was temporarily undermined as a result of slack UK retail sales results but it has returned topositive ground into the US Friday trade.
GBP Mid-day Analysis
The Pound was technically and fundamentally overdone at the February highs and the downshift inglobal economic expectations is not an insignificant influence directly ahead.
GBP Mid-day Analysis
The Pound was priced for perfection into the Tuesday high. While UK jobless figures bestedexpectations overnight, a rise in the UK unemployment rate caught the Pound a little over priced.