Monthly Archives — "October 2009"
The Pound made gains against the Dollar and the Euro following mortgage approvals in hit the highest level for 18 months. However the Bank of England decision next week and recent reports and sentiment pointing towards an expansion of QE has huge potential to weaken the Pound. The Dollar declined against the Pound and the ...
read more →Currency Exchange Advice – Market Review 29th October 2009
By alexhart — Leave a commentThe Pound made gains against the Euro and the Dollar as UK retail sales rose more than expected this month, but analysts are likely to remain cautious ahead of next week’s Bank of England decision amid uncertainty over whether it will increase asset purchases. Also to note the U.K. treasury are looking to sell off ...
read more →Currency Exchange Advice – Market Review 28th October 2009
By alexhart — Leave a commentThe Pound made gains against the Euro while remaining relatively unchanged against the Dollar following positive data and comments from BoE policymakers instilling a degree of hope about a recovery in the UK economy. UK CBI’s retail sales figures came in slightly better than expected rising from 3 to 8 in October. The Dollar made ...
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