city of london and sterling today

On Monday morning we see sterling has been unable to recover the losses recorded on the last two days of last week. In the absence of any major UK data releases we digest the latest forecasts and views on sterling following Mark Carney's emphatic start to his tenure at the Bank of England.

todays live coverage

July 9,2013


After a busy day yesterday for Europe and the UK which saw both the pound and the euro make big moves across the board, traders eyes now turn to North America where the US will be releasing the all-important Non-Farm Payrolls as well as their unemployment data whilst Canada also release their unemployment rate data and the purchasing managers index.  

Highlights

@   13.30 US Non-Farm Payrolls 30k Higher Than Expected - GBPUSD plummets

      11.10 GBP Continues To Move Down Ahead Of US Data Reaching 3 Month Lows

      11.00 Germany Factory Orders Show Decline of 1.3%, Down Significantly On Market Expectation Of A 1.2% Gain

     

July 5,2013


Mark Carney, the "George Clooney of Finance", heads his first interest rate decision meeting at the Bank of England today - but the real question marks lie over his intentions (or lack of) for quantative easing.

Highlights

@  13.40: ECB maintain interest rates at 0.5%

     13.00: GBP sees big losses across the board on BoE decision

    12.03: Bank of England makes no changes to interest rates or monetary policy

    10.57: GBPUSD moves lower ahead of news

July 5,2013


 

  

 

 

What lies ahead for GBPUSD in the final day of trading before the US Independence day holidays? Can the GBP fight back ahead of the UK PMI Services data?

Highlights:

@ 10.10: GBPUSD Moves Higher On Highest UK Services PMI Since 2011

    09.40: EURGBP Moves Lower On Negative Services PMI Data

    08.55: GBP Continues Strong Gains On Australian Dollar

July 4,2013


GBPUSD followed a positive day yesterday with heavy overnight losses, dropping below the 1.200 mark once again before early morning trading in the Asia session supported a rally back up above yesterdays close to rest slightly above yesterdays close at 1.5222.
Highlights:

@12:10: Concerns of a GBP-AUD decline

@11:27: Positive construction data fails to boost GBP

July 2,2013

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