Tag Archives: sterling

Sterling Soars On Hawkish Carney, Yen Lower On BoJ

Sterling soars broadly after hawkish comments from BoE governor Carney. He noted in his annual address to bankers that “there’s already great speculation about the exact timing of the first rate hike and this decision is becoming more balanced. It … Continue reading

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Sterling Unharmed By Debate, US CPI Key For Dollar Swoon

Last night’s “challenger’s debate” on the BBC provoked little market response despite, eventually, making for some quite interesting viewing. 20 days to go The theme of a left-wing coalition led by Labour but roundly proposed by SNP Leader Nicola Sturgeon … Continue reading

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GBP: No Change In UK Monetary Policy

As we expected, the Monetary Policy Committee (MPC) voted to maintain the Bank Rate and the stock of purchased assets at 0.50% and GBP375bn, respectively. When the minutes are published on 22 March, we will in particular look for comments … Continue reading

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EUR Held Hostage By Greece, While GBP Election Bullishness Disappears

Greece Ignores Self-imposed Deadline Sterling Plummets to Post Election Lows EUR under pressure from all angles UK manufacturing to be a drag on growth In Capital markets, this week will not be for the faint hearted. Market movement within the … Continue reading

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Speculators Added To Long Yen Position Ahead Of BOJ

The latest CFTC Commitment of Traders report covers the five sessions through January 26, the day before the FOMC concluded its two-day meeting and three days before the BOJ’s announcement. Speculators hardly changed their positioning during the period. There was … Continue reading

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Sterling: Amost Done Being Pounded?

Sterling fell 4.25% from the high on December 28 to Tuesday. It was confined to Tuesday’s range yesterday. After finishing below the lower Bollinger® Band yesterday, it was moved back into the band yesterday. The Bank of England meets today. … Continue reading

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Devil’s Punchbowl Pushes Sterling To Fresh Lows

Sterling continues to crack We have not got to the point where any day ending in a ‘y’ is a negative for the pound but we are over 60% there. Of the past 50 trading days, sterling has fallen against … Continue reading

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Looming Budget Weighs On Sterling

If UK Chancellor of the Exchequer Osborne wants to position himself to be the next Prime Minister, the budget to be unveiled tomorrow may not be particularly helpful. There is little room to relax fiscal policy, given the self-imposed constraints. … Continue reading

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British Pound Moves On Short Covering

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. One of the best-performing currencies this month, this week and even on Wednesday is sterling. The British pound climbed to its strongest level against the U.S. dollar in … Continue reading

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Next Week’s FX: Fasten Your Seatbelt

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Britain’s decision to leave the European Union triggered pandemonium across the financial markets. Currencies and equities were hit hard by the vote with sterling falling over 10% intraday. … Continue reading

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