Despite a recent run of good data currency markets have opted to focus on the Services PMI disappointment of Wednesday the 4th of March.
March 5,2015
Confirmation that the UK economy can handle a Bank of England interest rate rise in 2015 has been provided by the UK construction sector.
March 5,2015
The British pound (GBP) continues to trade around recent best levels after the Bank of England warns of future interest rate rises.
February 26,2015
The latest CBI Industrial Trends Survey shows UK manufacturers are at their most confident in 7 months.
February 20,2015
“The slide towards deflation is now inevitable but that won’t worry George Osborne one bit ahead of the election.” - Dennis de Jong, managing director at UFX.com
February 18,2015
“Beyond delaying the first hike, we also take down the pace of normalization into 2016, finishing the year at 1.25% (slightly below the analysts’ consensus) against 1.75% so far.” - Gilles Moec at Bank of America Merrill Lynch Global Research.
February 17,2015
“Sterling rose following the BoE report and was dealing around a cent higher against both the dollar – close to a 1-month high – and a similar amount against the euro, close to the 7-month high.” – Andy Scott at HiFX.
February 13,2015
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