Today should see interest spike in the British pound, we forecast a volatile session that will surely set the tone for GBP in coming weeks. The big event is that of the release of this month's Bank of England MPC minutes, in addition we have employment numbers to digest on the economic front.
Highlights:
@9:30: Good employment data boosts sterling
@9:42: Sterling in dramatic surge as Bank of England MPC vote unanimously to keep QE on hold
@11:16: RBS see threat of quantitative easing riding into the sunset
August 28,2013
Today the British pound faces a host of economic releases which, at the dawn of the Carney era, should gain some additional weighting. Should inflation come in above expectations (see below) then expect sterling to appreciate. Any surprises to the downside should hasten losses in the UK currency.
July 17,2013
The British pound will be hoping to cement those gains seen towards the back of last week; however we have a busy week for GBP with the minutes from July's Bank of England MPC meeting dominating the outlook.
July 16,2013
Thursday was a good day for sterling, can Friday deliver similar fortunes? Equity market performance and technical considerations will be of great importance on a day devoid of local economic releases.
Highlights:
@8:55: Sterling best peformer on Thursday
@11:12: UniCredit exchange rate forecasts tip GBP to head lower
@14:30: GBP set for months of decline
July 15,2013
A strong performance is delivered by the UK currency on Thursday the 12th of July - see the explanations, predictions and hour-by-hour performance of the British pound.
July 12,2013
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