Monthly Archives — "January 2010"

The Pound made gains against the Euro while declining against the US Dollar yesterday as the Pound  retraced some of its earlier gains as hawkish comments from BoE policy board member Andrew Sentence about the UK’s AAA credit rating. GBP was also buoyed against an underperforming euro, which remained under pressure due to concerns over ...

The Pound made gains against the Euro and Dollar yesterday largely due to comments on inflation when a Bank of England policymaker spurred speculation that the central bank may end quantitative easing next week. Traders brushed off a weak reading of UK retail sales, while UK corporate demand was seen to be aiding the Pound. ...

The Pound declined against the Euro and the Dollar yesterday following data showing that Britain has only just emerged from recession at the end of 2009, suggesting any UK monetary tightening was still a long way off. U.K. gross domestic product expanded by 0.1% between October and December, which is well below analysts’ forecasts for ...