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GBP Rate Takes Modest Gains Towards Weekend

With little fresh domestic stimulus to react to, holders of the Pound opted against embarking on large trades yesterday. However, data released in the US, showing that growth rebounded in the second quarter, helped Sterling to appreciate against the risk-sensitive commodity bloc as Fed rate hike bets improved slightly. Before the weekend demand for the [...]

exchange rates news

GBP Rate Takes Modest Gains Towards Weekend

With little fresh domestic stimulus to react to, holders of the Pound opted against embarking on large trades yesterday. However, data released in the US, showing that growth rebounded in the second quarter, helped Sterling to appreciate against the risk-sensitive commodity bloc as Fed rate hike bets improved slightly. Before the weekend demand for the [...]

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Euro Continues Down Trend Versus British Pound

An impressive increase in UK Mortgage Approvals helped the Pound consolidate previous gains against the Euro on Wednesday and the GBP/EUR pairing managed to advance above the 1.42 level ahead of the publication of Germany’s unemployment and inflation data. Sterling also continued to trend around the 1.56 level against the US Dollar following the FOMC’s [...]

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GBP Trades In Narrow Range As Focus On Euro and Greece Exit Plan

The Pound was trending in a fairly narrow range against both the Euro and US Dollar after advancing slightly ahead of the release of the UK’s second quarter growth data. Should the GDP report show a rate of quarterly expansion of 0.7% or higher we can expect Sterling to enjoy a broad-based rally. However, if [...]

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Growth Data Due For GBP – Highs Ready To Be Taken

Although a delay in the Greek bailout negotiations was announced on Friday, the Pound failed to recoup much ground against the Euro and the GBP/EUR pairing began the week trending below 1.40 in spite of the German Import Price Index missing forecasts. Today’s figures from the Confederation of British Industry (CBI) are unlikely to have [...]

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BoE Minutes Show Vote For Interest Rate Hold

On Wednesday the Bank of England’s (BoE) meeting minutes drove the Pound higher across the board, with the British currency returning to trend close to an 8-year high against the Euro. The minutes may have shown a majority vote to keep interest rates on hold, but they also hinted that as many as three policymakers [...]

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Pound Pulls Back From 7 Year High as BoE Minutes Awaited

The Pound Sterling to Euro (GBP/EUR) exchange rate moved away from the seven-year high of 1.44 recorded on Friday at the beginning of this week as Greek banks reopened and UK data was in short supply. However, if this morning’s UK Public Sector Net Borrowing numbers show a decline in the nation’s deficit, Sterling could [...]

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