The Pound made small gains against the Euro while making gains against the Dollar for the 10th straight day, the longest such stretch since 1992. The pound gained against its mainland European counterpart as the Spanish credit downgrade prompted investors to seek the relative safety of GBP-denominated assets. The Dollars decline against the Euro and ...
read more →The Pound made gains against the Dollar while declining against the Euro pushed higher touching a new 2012 high as the pound continues to benefit as investors seek the UK’s AAA sovereign rating. The market will look towards today’s GDP release for further direction into the GBP/USD currency pair. The Dollar declined against ...
read more →The Pound made gains against the Euro and the Dollar yesterday following UK surprisingly strong manufacturing PMI survey, which beat expectations and provided hope that the UK economy will be able to avoid slipping back into recession. Gains were limited, though, with caution against pushing the currency too far given ongoing speculation that the Bank ...
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