Archive for March, 2010

17th
Mar/10

GBP SPIKES HIGHER

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Posted in Currency News Currency Updates by mporter

The Pound has spiked higher this morning following better than expected UK employment data. The UK jobless claims change dropped at its fastest rate since November 1997.
The Bank of England Minutes also released this morning at 09:30 showed that all nine members of the Monetary Policy Committee (MPC) voted to keep UK interest rates on [...]

3rd
Mar/10

Currency Update – Sterling pressured

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Posted in Currency News Currency Updates by mporter

Sterling has started March under significant pressure. Monday morning saw a dramatic fall in the value of Sterling with the Pound falling as low as 1.0930 against the Euro and 1.4780 against the US Dollar. There are currently a number of factors contributing to Sterling’s sharp fall in value.
Firstly, the latest opinion polls are suggesting [...]