Monthly Archives — "July 2011"
The Pound made gains against the Dollar while declining against the Euro following disappointing GDP data. The preliminary reading of Q2 British GDP was short of expectations, expanding by only 0.7% on an annualized basis, less than the 0.8% expected and down from 1.6% in the previous quarter. With the domestic economy stalling, the British ...
read more →The Pound declined against the Euro while making gains against the Dollar following Mediocre GDP data. Typically, when a data release prints in line with expectations; the market has already priced in the outcome and essentially moves on to the next potential catalyst. Yet, in the United Kingdom’s 2nd Quarter GDP release, the cumulative expectations ...
read more →The Pound remained relatively unchanged against the Euro and the Dollar yesterday as all eyes remain on either the solvency crisis in Europe or the potential of US debt default. Also to note it is expected that the Bank of England will be push a rate hike further into the future. Which is now anticipated ...
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