Showing articles for July 2013

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False dawn for the Pound

31 July 2013
Robin Haynes
Much like the British summer, the Pound seems to have faltered in the last week, drifting slowly but surely lower since Q2 GDP figures were released in the absence of any further positive data. In the last week rates have dropped by nearly 2c for both GBP-EUR and GBP-USD.

Trigger of all the figures

30 July 2013
Paul Newfield
The start of this week was fairly quiet in terms of data releases from elsewhere, but kicking things off we have the knowledge that UK mortgage approvals were down nearly two thousand on the estimated consensus of 59500, but only slightly down on the previous of 57000. Consumer credit also came in lower than previous at 0.5bn, down from 0.8bn.

Improvement's set the benchmark for coming week

29 July 2013
Simon Eastman
Last week was a fairly subdued time for the pound, as we saw trading in a tight range for most of the week. The lack of data had a part to play and it wasn’t until Thursday when the second revision for Q2 GDP came out that we had any movement.

GDP up, Pound slips

26 July 2013
Matthew Boyle
Until yesterday the markets had been relatively stagnant with little in the way of any major data releases and as such little that had the ability to move the rates.

No right off for the Pound this week

24 July 2013
Graham Harborne
So far this week we have seen very subdued markets, in fact yesterday there was more excitement about the first sighting of the future king than there was of the minimal swings that we saw in the currency markets.
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