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Broad-based advance as UK retail sales deliver a positive surprise

UK retail sales and GBP
Following on from yesterday's boost to GBP in the wake of the release of the MPC Minutes we note sterling is mixed this morning - we have some retail sales numbers from the ONS at 9:30 which are predicted to confirm an improving UK economy and to solidify recent gains in GBP.

Highlights:

@9:30: UK retail sales beat expectations underpinning sterling
@11:30: IMF warnings back views that Bank of England has space to be accomodative


August 28,2013

Bernanke: USD volatility is the only guaranteed outcome

bernanke testimony congress

Today's BoE minutes were just the prelude to the biggest market event of the day/week—the Fed Chairman’s testimony in front of US policy makers.

August 28,2013

The naysayers are caught short

pound sterling faces carney minutes

Today should see interest spike in the British pound, we forecast a volatile session that will surely set the tone for GBP in coming weeks. The big event is that of the release of this month's Bank of England MPC minutes, in addition we have employment numbers to digest on the economic front.

Highlights:

@9:30: Good employment data boosts sterling
@9:42: Sterling in dramatic surge as Bank of England MPC vote unanimously to keep QE on hold
@11:16: RBS see threat of quantitative easing riding into the sunset 

August 28,2013

British Pound Sterling Live on Tuesday the 17th: GBP punished by UK inflation data, Australian dollar powers higher by 1.5 pct as RBA fails to cut interest rates

british pound sterling awaits inflation data

Today the British pound faces a host of economic releases which, at the dawn of the Carney era, should gain some additional weighting. Should inflation come in above expectations (see below) then expect sterling to appreciate. Any surprises to the downside should hasten losses in the UK currency.

July 17,2013

British Pound Sterling Live on Monday the 16th: GBP outlook dominated by BoE minutes, CPI/PPI, employment data

bank of england dominates sterling outlook

The British pound will be hoping to cement those gains seen towards the back of last week; however we have a busy week for GBP with the minutes from July's Bank of England MPC meeting dominating the outlook.

July 16,2013

More Articles …

  1. British Pound Sterling Live on Friday: GBP set for months of decline say BMO Capital Markets
  2. The British Pound Live on THURSDAY: GBP powers ahead versus the majority of major currencies
  3. British Pound on Wednesday the 10th: All eyes now un FOMC + IMF raises UK GDP growth forecast
  4. Retail Sales Data Gives GBP A Positive Start To The Day

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