BoE keeps Bank Rates steady

Thursday, 9 June 2011 02:25

Monetary Policy Committe at the Bank of England decided to keep Bank Rates the same at 0.50%; as released minutes ago. Everything was as expected as the Bank Rate remained the same, as well as the Stock asset purchase which was not changed from 200 billion.

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England’s Services PMI weaker

Friday, 3 June 2011 12:53

Services Purchasing Managers’ Index in Britain was released not long ago causing Sterling to weaken against some major currencies as news was weaker than expected.

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Sterling rises on Construction PMI release

Thursday, 2 June 2011 11:41

GBP opened today’s session with 1.6334 against USD this morning. The pair has been trading around the same corners all day, awaiting for Britain’s Construction PMI announcment which was released a few minutes ago.

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Pending Sales in US dive by 12%

Friday, 27 May 2011 05:35

US Pending House Resales is important is Forex market traders as it’s the leading economic health indicator, as the sales of homes trigger a wide-reaching ripple effect.

EUR/USD continues to trade at 1.4137. GBP/USD at 1.6451 and CHF/USD 0.8562.

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Housing Prices in U.K better than expected, at 0.3%

Friday, 27 May 2011 10:58

United Kingdom released its Housing Prices figures in May, which surprisingly viewed better results than expected; at 0.3%. 0.2% higher than forecasted.

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