Posts Tagged ‘boe’

GBPUSD Oversold Amid Rumors; It Will Strengthen If Fell too far, too fast

by Forex Rooton August 19, 2014 10:52 am BST
GBPUSD declined to test a 6-year high, Barclays Plc says, as futures traders increase bets the UK currency will strengthen after falling too far, too fast. The pound reached its most oversold level since March 2013 this month as it tumbled 1 percent in August, the worst performance among major currencies. Sterling’s decline prompted it […]

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 […]

EURUSD Little Changed After ECB; GBPUSD 0.2% Shy Jump on BOE

by Forex Rooton August 7, 2014 11:19 am BST
EURUSD was about 0.3 percent from a nine-month low as the ECB kept interest rates unchanged before its President Mario Draghi holds a press conference in Frankfurt to discuss monetary policy. EURUSD was little changed at $1.3378 at 12:49 p.m. London time after sliding to $1.3333 yesterday, the weakest level since Nov. 8. It rose […]

EURGBP Advanced as BOE Minutes Show Unanimity; GBPUSD Little Changed

by Forex Rooton July 23, 2014 10:29 am BST
Sterling traded at 78.85 pence per euro at 9:44 a.m. London time after appreciating as much as 0.2 percent to 78.74 pence, the strongest level since August 2012. Sterling was at $1.7074 after rising to $1.7192 on July 15, the highest since October 2008. Sterling erased an advance that sent it to the strongest level […]