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Pound fluctuates on Supreme Court ruling; Loonie jumps on pipeline deal

Pound fluctuates on Supreme Court ruling; Loonie jumps on pipeline deal

The pound see-sawed in today’s European session as the British currency saw volatility both before and after the Supreme Court’s ruling on the triggering of Article 50. The US dollar recovered from earlier lows, while the Canadian dollar surged after ...

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Dollar extends employment report gains while pound drops on ‘hard Brexit’

Dollar extends employment report gains while pound drops on ‘hard Brexit’

The US dollar managed to maintain Friday’s gains or even extend them against certain currencies during Monday’s Asian trading. Particularly against the Japanese yen the dollar climbed to around 117.50, while against the euro it traded at 1.0531. The dollar ...

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British Pound Forecast to Fall Further

British Pound Forecast to Fall Further

By David Rodriguez, Quantitative Strategist GBP/USD –Heavily one-sided retail FX positioning warns that the British Pound may continue lower versus the US Dollar. The ratio of long to short positions in the GBP/USD stands at 2.22 as 69% of traders ...

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Forex News – Sterling near 5-year lows after poor UK wage growth data

Forex News – Sterling near 5-year lows after poor UK wage growth data

There was a mixed bag of UK employment data today but the sterling pound plummeted nevertheless to the lowest level since June 2010. The positive side of the jobs report showed that the employment rate hit the highest on record. ...

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GBP under the spotlight with Carney speech, keep an eye on the RBNZ

GBP under the spotlight with Carney speech, keep an eye on the RBNZ

The financial markets were completely caught off guard with the ECB shock on Thursday subsequently followed by an inconsistently weak US employment report on Friday. While both of these surprises encouraged turbulence in the currency markets, we must not disregard ...

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Michael Sneyd, FX Strategist at BNP Paribas, Pound’s prospects

Michael Sneyd, FX Strategist at BNP Paribas, Pound’s prospects

The Bank of England kept interest rates low; however, the nation's economy is performing better than previously expected and unemployment rate has almost reached the 7% target level. Do you think that Bank of England Governor Carney will reconsider raising ...

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Should the Bank of England impose a cap on Pound?

Should the Bank of England impose a cap on Pound?

"The further improvement in many of the timely business surveys suggests that the economy will continue to grow strongly in the fourth quarter" - Samuel Tombs, an economist at Capital Economics Ltd. Last week the cable soared to 1.6441, the ...

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The British Pound around Highest since April 2011 after data

The British Pound around Highest since April 2011 after data

"UK manufacturing continued to hit the high notes in November. It looks as if the strong recovery in the sector is translating into meaningful job creation." - Rob Dobson, Markit economist The British Pound hit the highest level in 27 ...

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Pound is little changed before BoE inflation report

Pound is little changed before BoE inflation report

The British Sterling was little changes against its U.S. counterpart and the 17-nation bloc currency before the nation's central bank published a report showing inflation data for the second quarter. The Pound traded at $1.6008 at 7:40 a.m. in London ...

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