Monthly Archives — "May 2011"
The Pound slightly declined against the Euro while making gains against the Dollar on Friday supported by surprisingly positive economic data. A sentiment index rose 10 points to -21, the highest in five months, with the gain partly attributed to a “feel good factor” following two four-day holiday weekends and the royal wedding. House prices ...
read more →The Pound made gains versus the Euro and the Dollar after a report showed that British exports helped the economy grow in the first quarter of the year. The uptick in exports outweighed the biggest slump in consumer spending in nearly two years as GDP expanded by 0.5% in the first three months of the ...
read more →The Pound made gains versus the Euro and the Dollar yesterday even though UK Retail-Sales index released yesterday fell for the first time in 3 months ,as well as Public Sector Borrowing Figures, which disappointed the market. Also to note, inflation pressure is still at an undesirable 4.5% in April from a year earlier, it ...
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