Posts Tagged ‘pound’

Sterling Rises Before The Scottish Referendum Tomorrow

by Forex Rooton September 17, 2014 7:21 pm BST
sterling inched up to $1.6295, a day ahead of the Scottish referendum and staying well above a 10-month low of $1.6051 struck last week. It has bounced from those lows after most polls showed those intending to vote to stay in the union were slightly ahead. Nevertheless, the vote was too close to call, leading […]

GBPUSD Fell as BOE Cuts Forecast For Wage Growth

by Forex Rooton August 13, 2014 11:01 am BST
GBPUSD fell to a two-month low after the BOE cut its forecast for wage growth and said increases in interest rates will be gradual. GBPUSD dropped 0.5 percent to $1.6734 and touched $1.6727 at 09:37 AM GMT, the least since June 5. GBPEUR weakened 0.4 percent to 79.86 pence. Pound dropped against all 16 of […]

GBPUSD at its Weakest Level Since 8-Week Before BOE Decision

by Forex Rooton August 7, 2014 9:19 am BST
GBPUSD approached its weakest level in eight weeks before Bank of England officials announce their latest policy decisions following a two-day meeting. U.K. 10-year government bond yields dropped to the lowest in almost a year. The central bank’s Monetary Policy Committee will keep its key interest rate at a record-low 0.5 percent today. Officials have […]

Carney Looks to Cool Housing Market; GBPUSD Holds Above 1.7000

by Christopher Lemieuxon June 26, 2014 11:15 am BST
The ever-increasing housing prices in the United Kingdom has prompted the Bank of England (BoE) to take action to cool the housing market in order to avoid potential bubble-like risks. BoE Governor Mark Carney announced this morning that the central bank will intervene in the lending process and limit the number of riskier mortgages in […]