Monthly Archives — "September 2010"
The Pound declined against the Euro and the Dollar as data released in the U.K. yesterday saw August Nationwide house prices off 0.9% m/m and up 3.9% y/y while August PMI construction moved lower to 52.1. Bank of England’s Monetary Policy Committee is expected to keep monetary policy unchanged next week. Bank of England Chief ...
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By alexhart — Leave a commentThe Pound declined against the Euro while making gains against the Dollar after a weaker than expected UK purchasing managers’ survey. The Markit/Chartered Institute of Purchasing and Supply Manufacturing PMI fell to 54.3 in August, the lowest level since November last year. The Dollar declined against the Pound and the Euro after upbeat data from ...
read more →The Pound declined against the Euro while trading near a five-week low against the U.S. dollar on gloomy global growth outlook. This comes despite upbeat news that July U.K. mortgage approvals in July and consumer confidence in August exceeded expectations. The GBP has been on the decline as investors were looking for something more robust. ...
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