Good morning, The Pound took a little bit of a nose dive overnight following form the highs earlier during the day. The Pound remains in a strong position siting above 1.30 on the Euro and 1.45 on the US Dollar. It is a quiet day for the Pound ahead of the bank holiday weekend. A …
Monthly archives: May 2016
Sterling rallies as vote to stay within the EU looks more likely
The pound has surged over the last few days due to a mixture of positive UK data and negative data from the euro-zone. Yesterday’s Public Sector Net borrowing (pounds) was increased from 5.8B last month to 6.6B this month. Monday nights release is the main reason behind the pound increasing. From what has been said, …
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Sterling Rallies
The pound has rallied this afternoon following on from a mixture of negative data from the euro-zone and positive key releases in the UK. Bad news tends to fall off of the euro rather quickly, quite like Teflon, so the gains seen over the last few hours may be short lived. Talks about the UK …
Sterling takes a tumble against the euro
USD US New home sales are once again expected to rise. This time they are expected to rise from 511k to 521k. The pound has fallen back from the highs as investors and brokers are taking profits from the highs that have been seen, hence the rates pushing up and then falling all the way …