Hi Guys In a light day for data releases, domestic attention will be focused on the construction PMI for July. Since picking up sharply during 2013, culminating in a peak of 64.6 in January this year, the index has fallen back a little, possibly on the back of the slowdown in the pace of housing …
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pound exchange rate struggles against the Euro
Pound slightly higher following yesterday’s Budget on UK Growth but US Dollar was the big mover on a day that promised so much more for the pound. Good morning, The pound, the best performing currency in the past year, strengthened after the Bank of England said further gains are possible as Britain’s economy expands amid …
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Surprise – Foreign Exchange Traders buy pounds
A Big Big Day today for the UK. We have unemployment figures followed by by the MPC minutes due at 9.30am. Later this afternoon Osbourne and the 2014 Budget!! Good morning, Domestically today’s focus is on the 2014 Budget due at 12.30pm. This is the last budget that can meaningfully impact the economy ahead of …
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