The Pound made gains against the Dollar while remaining relativity unchanged against the Euro as the BoE proved to be more hawkish than many had anticipated. The central bank left interest rates on hold and held its asset purchase program flat at £325B. However, with the UK now in its first double-dip recession since the ...
read more →The Pound declined against the Dollar while making gains against the Euro yesterday. The lack of structured data from the world’s economies meant that yesterday was a day when, once again, European politicians and their views were the main drivers of price action. Unfortunately that leads to a fairly volatile state of affairs with the ...
read more →The Pound declined against the Euro and the Dollar yesterday. U.K. manufacturing sector expanded less than forecast in April, the Markit/CIPS purchasing managers’ index showed on Tuesday. The index declined to 50.5 down from 51.9 in March. Reading above 50.0 indicates industry expansion. “The good news is that manufacturing clocked up a fifth straight rise, ...
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