The Sterling (GBP)

[dekac]

Hi
09 July-The Sterling (GBP) steadied below last week’s 26 year highs versus the dollar on Friday, staying comfortably above the $2 mark, supported by Thursday’s interest rate hike and expectations for further tightening. Overall, the GBPUSD traded with a range of a low 2.0060 and a high of 2.0142 before closing the day at 2.0105 in the New York session.

 

[dekac]

16 July-The Sterling (GBP)

16 July-The Sterling (GBP) touched a fresh 26 year high following a poor reading in June’s U.S Retail Sales figure. In UK specific events, Bank of England Monetary Policy Committee member Charles Bean said on Friday that he supported the idea of inflation targeting but his speech didn't address the current monetary policy outlook. Overall the GBPUSD traded with a range of a low 2.0263 and a high of 2.0366 before closing the day at 2.0329 in the New York session.

 

[dekac]

01 August - The Sterling (GBP)

Hi

01 August-The Sterling (GBP) gained overnight as temporarily aided with an early return to carry trades in the Asian session. In data specific news, the Confederation of British Industry (CBI) reported stronger-than-expected retail sales growth in July while research group GfK said British consumer confidence fell sharply in July to -6, its lowest since April. Overall the GBPUSD traded with a range of a low 2.0245 and a high of 2.0335 before closing the day at 2.0320 in the New York session. Looking ahead key data in the form of PMI manufacturing will generate most interest with forecasts at 54 slightly down on the previous 54.3.

 

[jacinto]

please remove the link from your signature

 

[dekac]

09 August- The Sterling (GBP)

Hi

The Sterling (GBP) rallied against the dollar and the Euro on Wednesday as a quarterly inflation report from the BoE signaled interest rates may need to rise one more to help bring inflation down to its 2% target. A return to risk appetite also aided the GBP. Overall the GBPUSD traded with a range of a low 2.0159 and a high of 2.0398 before closing the day at 2.0262 in the New York session. Looking ahead, UK Trade Balance for the month of June is expected to come in at -6.5bln (Previous: -6.29bln)

 

[dekac]

21 August -The Sterling (GBP)

Hi

The Sterling (GBP) traded on the back of currencies, whilst also benefited from a return to risky carry trades. Overall the GBPUSD traded with a range of a low 1.9772 and a high of 1.9900 before closing the day at 1.9881 in the New York session.

 

[dekac]

Currency Trading Summary 11 Sep.

The Sterling (GBP) gained on growing expectations of a fed rate cut next week, despite tight liquidity conditions and poor PPI data in the UK. Overall the GBPUSD traded with a low of 2.0265 and a high of 2.0331 before closing the day at 2.0278 in the New York session. Looking ahead, Trade Balance for the month of July is expected to widen to -6.4 bln from -6.266 bln