The British pound faces data out of the Bank of England this morning. However, currency ranges remain tight and we would expect technical considerations to dominate the outlook until we get into the big data events of next week.
July 30,2013
The British pound sterling (Currency:GBP) is in consolidative mode on Friday morning. Trading will today focus largely on technical considerations owing to a lack of market moving data releases. We will also consider longer-dated exchange rate forecasts to get a sense of where the UK currency stands.
July 29,2013
Due to a technical glitch Pound Sterling Live was down for much of the morning. And what an interesting morning it has been! GBP is being sold-off - this time on the good news that the UK is seeing a welcome return to consistent growth. Read on for the reactions to today's GDP data.
July 26,2013
The British pound sterling (Currency:GBP) has started Wednesday off in good fashion, however the strong start to today's trade could be tested at 11 AM London time when The CBI Industrial Trends data is released. Otherwise, Eurozone PMI data will come under scrutiny as will US housing data later on in the day.
August 28,2013
For GBP, grabbing attention on the fundamental front today is housing finance data from the BBA. However, in the absence of any other major data events we will continue to focus heavily on technical viewpoints regarding GBP as this will be the same approach deployed by those trading the UK currency.
Highlights:
@9:30: Mortgage data below expectations
@10:44: Royal baby boost for GBP??
July 24,2013
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