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Looking at the currency markets mid-week we note the British pound (GBP) is looking decidedly weaker against both the EUR and USD.
However, weakness against the euro will likely be contained, concerns of further losses against a strengthening US dollar will however likely continue.
July 30,2014
Positive news for the UK on Friday as second quarter GDP figures showed an 0.8 pct increase, with the UK economy now at its biggest size since the recession.
July 25,2014
The bulls who have driven the pound sterling (GBP) rally of 2014 were this week hoping for some respite from a recent correction lower being experienced by the currency.
The Bank of England (BoE) could have delivered some support by giving a clear indication that they were on the cusp of raising rates. This week's release of minutes from the July meeting of the interest rate setting committee failed to deliver any fresh clues - GBP fell in response and enters the weekend in soft fashion.
July 25,2014
July 25,2014
Exchange rate markets are seeing some welcome volatility through the mid-week trading sessions after a recent pause.
The greenback strengthened back below $1.35 against the euro and in the process all but clocked new 2014 highs against the single currency.
July 24,2014
An eye-opening exchange rate forecast from the team at BMO Capital warn that the pound sterling (GBP) exchange rate complex is trading well ahead of where it should be. The obvious question posed by this accusation is whether it is due to fall to fairer levels?
July 23,2014
The pound sterling (GBP) exchange rate complex enters the new week at a disadvantage having seen selling pressure dominate the Friday session.
July 21,2014
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