Sterling drops against most major currencies
Wednesday, 22 June 2011 12:33
Minutes of the Monetary Policy Committee meeting from the 8th and the 9th of June were announced minutes ago. Bank Rate was decided it should be maintained at 0.5%.
Read MoreSterling weakening against Dollar
Thursday, 16 June 2011 12:42
Monthly Sales Volume announcement was released earlier today. Results were expected to be released lower than last month, as predicted by economists.
1.1% last month, forecast was expected at 0.5%. Instead, Retail Sales dove even further to be released at -1.4%.
Pound being pounded by Dollar
Wednesday, 15 June 2011 12:44
United Kingdom’s labour market released important announcements about U.K’s Unemployment change and Total Pay.
Read MoreDollar staying steady;
Tuesday, 14 June 2011 02:57
Earlier in the day, the British currency was rising higher against the Dollar; reaching 1.6426 while anticipating U.K Consumer Price Index. Meanwhile the news was expected to be released the pair rose even more to 1.6440, only to fall to 1.64 after the release and currently trade much lower at 1.6396.
Read MoreU.K Manufacturing Production
Friday, 10 June 2011 12:32
After United Kingdom’s Manufacturing Production and PPI Input releases, GBP/USD went from trading at 1.6240 to 1.6210, but this didn’t last long as Sterling recovered and jumped to trade at it’s currenct point of 1.6290.
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