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GfK Consumer Confidence shoots higher

uk consumer confidence supports pound sterling

The British Pound is losing ground versus the Euro and US dollar once more, this as GfK reports that the UK consumer is undoubtedly gaining in confidence which we see as a long term pro for the UK currency. The outlook for GBP is dominated by tomorrow's PMI data and Bank of England decision.   

Highights:
@ 00:05: GfK reports a sharp increase in UK consumer confidence.
@ 09:23: The reason why sterling is in the dog box.
@ 10:13: Month-end and sovereign buying sends GBP/EUR yet lower
@ 13:31: US Dollar surges against British Pound
@ 16:30: The magic number from Manufacturing PMI to look out for tomorrow

August 28,2013

Tuesday 30th: GBP surges versus Australian dollar, remains technically bullish against the US dollar

pound sterling surges versus Australian dollar
The highlight of today thus far is sterling's surge versus the Aus Dollar. Tuesday sees a continuation of currency marketing positioning ahead of next month's MPC decision due on Thursday. Thursday also sees the release of the first major economic release of the week in the form of Manufacturing PMI. We will thus be focused on sterling's technical levels and on data events in the US and Eurozone.

July 31,2013

British Pound Sterling Live on Monday the 30th: GBP forecasted higher versus US dollar but challenged versus Euro and Australian dollar

british pound forecasts

The British pound faces data out of the Bank of England this morning. However, currency ranges remain tight and we would expect technical considerations to dominate the outlook until we get into the big data events of next week.

July 30,2013

British Pound on Friday: GBP consolidates, GBP/AUD could head back to 1.65 levels, exchange rate forecasts are order of the day

exchange rate forecasts are order of the day

The British pound sterling (Currency:GBP) is in consolidative mode on Friday morning. Trading will today focus largely on technical considerations owing to a lack of market moving data releases. We will also consider longer-dated exchange rate forecasts to get a sense of where the UK currency stands.

 

July 29,2013

Thursday: UK GDP data see British pound sold-off on volatile day for FX

UK economy grows pound sterling sinks
Due to a technical glitch Pound Sterling Live was down for much of the morning. And what an interesting morning it has been! GBP is being sold-off - this time on the good news that the UK is seeing a welcome return to consistent growth. Read on for the reactions to today's GDP data.

July 26,2013

More Articles …

  1. GBP enters descending structure versus US dollar
  2. British Pound Sterling Live on Tuesday the 23rd: GBP outlook dominated by BBA mortgage data, forecasts suggest gains ahead vs EUR, USD and AUD
  3. Royal Baby Gives Sterling a Boost
  4. Pound forecasted to lose ground against US dollar through course of remainder of 2013

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