BoE Bank Rate remains unchanged

Thursday, 5 May 2011 02:28

Bank of England announced its decisions on the Bank Rates and rgw Money Printing Programme. The eight-member committee of the BoE decided to keep both unchanged.

ECB highly anticipated press Conference shoot Euro upwards

Thursday, 5 May 2011 01:01

UK Services PMI (Purchasing Managers’ Index) came out earlier today with weaker news than expected. April’s Activity Growth fell from March’s 57.1 to 54.3; while expectations cicled around 55.8.

GBP/USD is trading at 1.6482. EUR/GBP is trading just above the 90 cent line at 0.9016.

U.K manufacturing PMI release

Tuesday, 3 May 2011 11:35

United Kingdom just released its manucafturing PMI data with unexpected results.

U.K Gross Domestic Product rose by 0.5%

Wednesday, 27 April 2011 12:10

The GBP climbed higher versus the USD right after the results of United Kingdom’s Gross Domestic Product expansion were released. U.K’s GDP increased by 0.5% for the first quarter of the year, after decreasing by the same amount on the fourth (and last) quarter of 2010; as the National Statistic Online reports announced.

UK jobless data worse than expected

Wednesday, 13 April 2011 03:51

UK jobless claims results were released this morning with an increase in jobless claims by 0.7K, worse than anticipated results; while predicted data was analyzed to be a decline around 3.5K. This caused the British currency to slide lower against the Dollar to a low of 1.6252 , as well as the Euro with the Euro rising to about 0.8920, about 20 pips from the lowest price today.