Monthly Archives — "April 2011"
The Pound declined against the Euro while making gains against the Dollar. The pound benefited from an increase in risk appetite while the Bank of England minutes suggested that risks are still keenly balanced towards the downside, however the ‘hold’ camp seemed to be more certain of its footing than it had been in previous ...
read more →The Pound made gains against the Euro while declining against the Dollar despite the fact that UK consumer confidence rose in March from a record low. This has added support to the argument that the BoE will need to increase rates sooner rather than later. Currently, the market is pricing in a 25 basis point ...
read more →The Pound made gains against the Euro while declining against the Dollar despite hawkish BoE commentary. Andrew Sentance said that the recent slowdown in inflation may prove short-lived as the pound’s continued relative weakness threatens to push inflation above 5%, supporting his calls for an interest rate hike. “The UK is seeing more imported inflation ...
read more →