Archive for April, 2010

20th
Apr/10

Currency Update – UK CPI

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Posted in Currency News Currency Updates by mporter

The Pound has strengthened this morning (20/04) following higher than expected UK inflation data. The official measure of inflation known as the Consumer Price Index (CPI) beat market expectations coming in at 3.4% year on year. As inflation remains above target it means it is more likely that at some point the Bank of England [...]

7th
Apr/10

Currency Update

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Posted in Currency News Currency Updates by mporter

Earlier today (07/04) the Pound hit its highest level against the Euro since the 24th February briefly touching interbank 1.1410 before settling in the mid-high 1.13s. The Pound is also trading above 1.51 against the US Dollar.
With the upcoming general election and the prospect of a hung parliament there is still much uncertainty about the [...]