Monthly Archives — "August 2010"
The Pound has been active despite Market Holiday as data and growth forecasts keep currency active. The London markets were offline for the summer holiday, but the sterling was nonetheless on the move at the start of the week. The economic docket would bring the biggest drop in the Hometrack’s Housing survey in 16 months ...
read more →The Pound made small gains against the Euro while reversing some of Tuesday’s losses against the Dollar as it found technical support near the 50-day moving average. With risk aversion currently driving the market and little economic releases from the region, investors may see the cable weaken further until Friday’s GDP release. The Dollar declined ...
read more →The Pound declined against the Dollar and the Euro yesterday as a Bank of England policy maker, Martin Weale commented that the UK may fall back into recession. Weale commented that there is a significant chance the economy will contract over a four-quarter period. Furthermore, risk aversion flows added increased pressure on the Pound. The ...
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