Tag Archives: GBP
GBP Mid-day Analysis
The Pound has started on a weaker track this morning despite stronger than expected 4th quarter GDPreadings released overnight. In fact, 2013 UK GDP was the strongest showing since 2007 and
GBP Mid-day Analysis
The March Pound appears to have formed a quasi double bottom low around 1.6472. Themacroeconomic edge seen from the UK economy relative to the US might be enhanced in the wake of scheduled US data flows this morning but
The Week Ahead in FX
In the week ahead, Wednesday’s outcome of the Federal Reserve’s monthly meeting will be in focus amid expectations for a reduction to USD65 billion from the current USD75 billion in the bank’s stimulus program.
GBP Mid-day Analysis
The Pound might have reached a near term overdone peak with the 1.6662 high. Part of the reversalaction in the Pound this morning is probably technical in nature, as the Pound off the mid January low,
GBP Mid-day Analysis
With positive UK data flowing recently and the Dollar reversing course the path of least resistance in thePound remains up. One might have expected comments from the BOE to have held back the Pound,
GBP Mid-day Analysis
Not surprisingly, the Pound has streaked higher in the wake of employment numbers that blow the doorsoff the anemic data flowing from around the globe.
GBP Mid-day Analysis
The Pound isn’t showing as much strength as one might expect in the wake of January UK CBIIndustrial output figures, perhaps because other components within that report were suspect.
The Week Ahead in FX
In the week ahead, investors will be awaiting monetary policy decisions by the Bank of Japan and the BoC. China is to release data on fourth quarter growth as well as a closely watched report on manufacturing activity.
Weekly CFTC Trader Positioning Data
• Shifting investor sentiment away from the European currencies is the key theme this week, as the CHF position has shifted to net short—typically a bearish signal—alongside a continued modera-tion in
GBP Mid-day Analysis
The Pound was saved by some sterling retail sales results overnight. With the December retail salesreadings rising by 2.6% and those figures posting the biggest annual rise since 2004,
GBP Mid-day Analysis
The Pound has forged a minor failure on the charts overnight with the March contract temporarily fallingdown to the lowest level since December 20th.
The Week Ahead in FX
In the week ahead, investors will be closely watching U.S. data on retail sales, inflation and consumer sentiment, as well as speeches by two Federal Reserve officials on Tuesday. U.K. data on retail sales and inflation will also be in focus.