British Pound - Page 2
Page 2 of 20 FirstFirst 12345612 ... LastLast
Results 11 to 20 of 199

Thread: British Pound

  1. #1
    Super Moderator Gulfstream's Avatar
    Join Date
    Jan 2013
    Posts
    1,027
    Promo (¢)
    0
    Thumbs Up
    Received: 235
    Given: 149

    British Pound

    The pound fell for a fifth day versus the euro, reaching the weakest in almost 11 months, as a report showed Britain’s budget deficit widened in December, adding to concern that the economy will struggle to grow.

    Sterling has depreciated the most this year of the 10 major currencies tracked by Bloomberg Correlation-Weighted Indexes as improving sentiment in the euro area damped demand for safer assets. The pound snapped a seven-day decline versus the dollar. U.K. government bonds were little changed as the Debt Management Office sold 10-year gilts.

    source_http://www.bloomberg.com/news/2013-01-22/pound-gains-versus-dollar-before-u-k-budget-deficit-data.html

    Not allowed!

  2. #11
    Registered user
    Join Date
    Nov 2012
    Posts
    213
    Promo (¢)
    0
    Thumbs Up
    Received: 17
    Given: 7
    The pound fell for the first time in three days against the dollar as Bank of England policy makers started a two-day meeting to decide whether to add more stimulus to revive the struggling economy.
    source_http://www.bloomberg.com/news/2013-03-06/u-k-pound-little-changed-before-bank-of-england-policy-meeting.html

    Not allowed!

  3. #12
    Registered user
    Join Date
    Nov 2012
    Posts
    213
    Promo (¢)
    0
    Thumbs Up
    Received: 17
    Given: 7
    The pound lost 0.1 percent to $1.4893 after touching $1.4866 yesterday, the weakest since June 2010. That means the currency may be in for a “strong downtrend,” Bank of Nova Scotia strategists Camilla Sutton and Eric Theoret wrote in a report yesterday, even as its relative strength index indicates that recent declines may have been too rapid.
    Sterling’s 14-day RSI dropped to 22, below the 30 level that some traders see as a sign an asset has fallen too far, too fast and may be due to reverse course.
    U.K. manufacturing production probably stagnated in January following a 1.6 percent jump in December, economists forecast before today’s report.
    “Any negative surprises from industrial production figures due today may potentially trip the pound further,” Emmanuel Ng, a currency strategists at Oversea-Chinese Banking Corp. in Singapore, wrote in a research note. The U.K. currency “may continue to remain on a slippery slope.”

    source_http://www.bloomberg.com/news/2013-03-11/yen-drops-to-3-1-2-year-low-before-boj-releases-minutes.html

    Not allowed!

  4. #13
    Registered user
    Join Date
    Nov 2012
    Posts
    213
    Promo (¢)
    0
    Thumbs Up
    Received: 17
    Given: 7
    The pound gained for a second day against the dollar as a Bank of England report said public finances will benefit by a net 17 billion pounds ($25 billion) from transfers from the central bank’s asset-purchases program.
    Sterling strengthened for a third day versus the euro. The assumption, published in an article in the bank’s Quarterly Bulletin in London today, is based on the benchmark interest rate increasing in line with market forecasts and gilt sales of 25 billion pounds a quarter by the Bank of England’s Asset Purchase Facility starting in September 2016.
    The pound rose 0.1 percent to $1.4944 at 7:30 a.m. London time after sliding to $1.4832 on March 13, the weakest level since June 2010. Sterling appreciated 0.1 percent to 86.77 pence per euro.

    source_http://www.bloomberg.com/news/2013-03-14/pound-gains-second-day-versus-dollar-after-boe-quarterly-report.html

    Not allowed!

  5. #14
    Registered user
    Join Date
    Nov 2012
    Posts
    213
    Promo (¢)
    0
    Thumbs Up
    Received: 17
    Given: 7
    The pound rose against the euro as a report showing German manufacturing shrank and an impasse over Cyprus’s bailout repayments threatened to reignite Europe’s debt crisis, boosting demand for haven assets.
    Sterling was 0.2 percent from its strongest level since Feb. 11 versus the shared currency before data that economists said will show U.K. retail sales increased for the first time since September. Sterling gained versus all but two of its 16 major counterparts. The pound rose yesterday as minutes of the Bank of England’s most recent policy meeting showed some officials said increasing bond purchases to stimulate growth may cause an “unwarranted depreciation of sterling.”

    “We are seeing a modest pick-up in safe-haven demand for the pound given the renewed uncertainty in Europe,” said Lee Hardman, a currency strategist at Bank of Tokyo-Mitsubishi UFJ Ltd. in London. “The minutes were less dovish than expected, which suggests that further quantitative easing is not imminent.”

    source_http://www.bloomberg.com/news/2013-03-21/pound-strengthens-against-dollar-before-u-k-retail-sales-data.html

    Not allowed!

  6. #15
    Registered user
    Join Date
    Nov 2012
    Posts
    213
    Promo (¢)
    0
    Thumbs Up
    Received: 17
    Given: 7
    U.K. company bonds, the world’s best performers last year, offer at least another year of above average returns, according to Edinburgh’s three biggest money managers who oversee a total of 80 billion pounds ($121 billion) of credit securities.
    “We think the cycle is only halfway through,” said Craig MacDonald, investment director at Standard Life Investments, which manages 30 billion pounds of non-government debt. “Whether triple-B, or subordinated or high yielding, they still look attractive. It will not be as good this year, but we are looking for positive returns.”
    Company bonds denominated in sterling, which posted a total return of 14.6 percent last year, pay 299 basis points more in yield than U.K. gilts, according to Bank of America Merrill Lynch’s Triple-B Sterling Corporate index. That’s more than the 217 basis-point yield-premium to government debt in the bank’s index for comparable euro securities.
    Investment-grade pound notes remain the top performers in 2013, with bonds from Vodafone Group Plc (VOD) to HSBC Holdings Plc returning an average 1 percent compared with losses of 0.28 percent for single-A rated notes in dollars, according to data compiled by Bank of America Merrill Lynch.

    source_http://www.bloomberg.com/news/2013-03-27/scots-money-managers-squeeze-more-from-company-debt-u-k-credit.html

    Not allowed!

  7. #16
    Registered user
    Join Date
    Nov 2012
    Posts
    213
    Promo (¢)
    0
    Thumbs Up
    Received: 17
    Given: 7
    The pound rose to a two-month high against the euro as a funding crisis in Cyprus and political deadlock in Italy spurred demand for U.K. assets as a haven.
    Sterling trimmed a quarterly decline versus the common currency even as an Office for National Statistics report confirmed the U.K. economy shrank in the fourth quarter, putting the nation on course for another recession. The pound was also boosted after Italy’s Democratic Party leader Pier Luigi Bersani said there was no possibility of a broad coalition to resolve the stalemate. U.K. government bonds advanced, with 10-year securities gaining for a fifth day.
    “It’s being driven by euro events, general market risk events rather than anything specifically U.K.,” said Gavin Friend, a currency strategist at National Australia Bank Ltd. in London. “We seem to be in a mindset where the euro is a sell on rallies. Investors have been scared off by the comments coming out of Europe and the measures they are taking.”

    source_http://www.bloomberg.com/news/2013-03-27/pound-advances-to-six-week-high-against-euro-on-cyprus-concern.html

    Not allowed!

  8. #17
    Registered user
    Join Date
    Nov 2012
    Posts
    213
    Promo (¢)
    0
    Thumbs Up
    Received: 17
    Given: 7
    U.K. shop-price inflation accelerated in March and the impact of the pound’s weakness on import prices is beginning to be felt, the British Retail Consortium said.
    Retail prices rose 1.4 percent from a year earlier, compared with a 1.1 percent gain in February, the trade group said in a report in London today. Food-price inflation was unchanged at 3.5 percent, while non-food prices rose 0.2 percent, the first annual increase since December 2011.
    With demand muted, the BRC said upward pressure isn’t coming from consumers and it noted the pound’s depreciation this year. The Bank of England has also raised concerns about the currency’s weakness and its impact on inflation.
    “If the downward trend in sterling persists, the full inflationary impact will still take time to filter through to prices as retailers use hedging strategies and long-term contracts to limit the impact of price shocks in consumer markets,” the BRC said. “However, the impact of a 5 percent decline since the start of the year is beginning to show.”
    Sterling has weakened about 4.5 percent versus the euro this year and is the second-worst performer after the yen in 2013, based on Bloomberg Correlation-Weighted Indices.

    source_http://www.bloomberg.com/news/2013-04-02/u-k-shop-price-inflation-quickens-as-brc-notes-pound-weakness.html

    Not allowed!

  9. #18
    Registered user
    Join Date
    Nov 2012
    Posts
    213
    Promo (¢)
    0
    Thumbs Up
    Received: 17
    Given: 7
    The pound declined to a two-week low against the dollar amid the possibility that the Bank of England will increase monetary stimulus at a policy meeting today.
    The U.K. currency dropped versus all except two of its 16 major counterparts before an industry report that economists said will show Britain’s service output slowed in March. The central bank will maintain its asset-purchase target at 375 billion pounds ($564 billion), according to 34 of 37 economists surveyed by Bloomberg News, while three predict an increase to 400 billion pounds.
    “The risk from the Bank of England is for a surprise that would weaken sterling,” said Kasper Kirkegaard, a currency strategist at Danske Bank A/S in Copenhagen. “The consensus is for no change but the market is pricing in some probability it could happen. It makes sense the pound is dropping a bit going into the meeting.”

    source_http://www.bloomberg.com/news/2013-04-04/pound-weakens-versus-dollar-before-boe-monetary-policy-decision.html

    Not allowed!

  10. #19
    Registered user
    Join Date
    Nov 2012
    Posts
    213
    Promo (¢)
    0
    Thumbs Up
    Received: 17
    Given: 7
    The pound was little changed against the dollar and euro before the U.K. auctions inflation- protected bonds.

    The Debt Management Office is scheduled to sell 1.6 billion pounds ($2.45 billion) of index-linked gilts due in 2024 in the second bond sale of the fiscal year starting this month.
    The pound traded at $1.5329 as of 7:43 a.m. London time, after rising to $1.5363 on April 5, the highest since Feb. 20. Sterling was at 85.26 pence per euro after depreciating to 85.60 yesterday, the weakest since March 25.
    The pound declined 4.5 percent this year, according to Bloomberg Correlation-Weighted Indexes that track 10 developed- nation currencies.

    source_http://www.bloomberg.com/news/2013-04-11/pound-little-changed-before-u-k-auctions-inflation-linked-gilts.html

    Not allowed!

  11. #20
    Registered user
    Join Date
    Nov 2012
    Posts
    213
    Promo (¢)
    0
    Thumbs Up
    Received: 17
    Given: 7
    The pound declined toward a three- week low against the euro before a report economists said will show the U.K.’s consumer-price inflation rate stayed above the Bank of England’s 2 percent target last month.

    Sterling was little changed against the dollar. The annual inflation rate was 2.8 percent in March, unchanged from the previous month, the Office for National Statistics in London will say today, according to the median estimate of 36 analysts in a Bloomberg News survey. Ten-year government bonds snapped a three-day advance.
    The pound slipped 0.2 percent to 85.44 pence per euro at 8:07 a.m. London time after depreciating to 85.60 pence on April 10, the weakest level since March 25. It traded at $1.5302

    source_http://www.bloomberg.com/news/2013-04-16/british-pound-declines-against-euro-before-u-k-inflation-data.html

    Not allowed!

Page 2 of 20 FirstFirst 12345612 ... LastLast

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •