The Pound declined against the Dollar and the Euro yesterday in spite of a rather positive unemployment report. The reason for traders’ concern was the Bank of England’s quarterly inflation report which forecast slower growth and higher inflation for longer and which didn’t rule out further quantitative easing. However, despite the dip, Sterling didn’t ...
read more →The Pound declined against the Dollar while remaining relatively unchanged against the Euro yesterday as the U.K.’s trade deficit shed in March, driven by exports to the Russian, Chinese and U.S., Office for National Statistics data showed on Tuesday. Trade deficit narrowed to 2.7 billion pounds, down from 2.9 billion pounds in February. “March’s UK ...
read more →The Pound made gains against the Euro and the Dollar yesterday gaining from risk appetite fallout from issues in Greece. “I can’t see even after the next Greek election a government appearing that will be able to do anything else than perhaps manage the Greek exit,” said Simon Sole, chief executive officer of Exclusive Analysis ...
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