Monthly Archives — "November 2011"
The Pound made gains against the Euro while declining against the Dollar yesterday as October CPI fell to 5.0% vs. 5.1% forecast and allowed the GBP/USD to ease with the Euro down to a new support at 1.5800. The pound will follow the Euro direction but at a slower pace with EUR/GBP currently falling as ...
read more →The Pound made gains against the Euro while declining against the Dollar as risk aversion drives investors away from European currencies. However, the sterling’s drop over the past week has been less precipitous than that of the EUR, down only 1.8% from its recent highs versus 4.1% for the EUR, as demand for the relative ...
read more →The Pound declined against the Euro and made gains against the Dollar on Friday which coincided with U.K. producer prices which declined to the lowest level in five months in October, the Office for National Statistics announced on Friday. Producer inflation eased on lower raw material costs and faltering global demand. The Dollar declined against ...
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