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  1. #41
    The pound was little changed against the dollar after an industry report showed U.K. consumer confidence climbed to the highest level in more than two years this month.

    Separate data showed U.K. house prices increased for a second month in June. U.K. gilts advanced and the pound slid yesterday after data revisions showed gross domestic product shrank more than previously estimated from its peak in 2008 to the depths of the recession. The Debt Management Office plans to sell 2 billion pounds ($3.1 billion) of Treasury bills today.
    The pound traded at $1.5263 at 7:37 a.m. London time after sliding to $1.5202 yesterday, the lowest level since June 3. Sterling slipped 0.2 percent to 85.60 pence per euro.

    source_http://www.bloomberg.com/news/2013-06-28/pound-little-changed-after-u-k-confidence-house-price-reports.html

  2. #42
    The pound was little changed against the dollar and euro after an industry report showed U.K. house prices rose for a fifth month in June.

    Average home values in England and Wales increased 0.4 percent last month, according to Hometrack Ltd. U.K. manufacturing output increased in June, according to the median estimate of 34 economists in a Bloomberg News survey before a separate report today. The pound fell last week as Bank of England Governor Mervyn King said the economy was “too weak to be satisfactory.” Former Bank of Canada Governor Mark Carney replaces King at the central bank today.
    The pound traded at $1.5224 at 7:35 a.m. London time after sliding to $1.5166 on June 28, the lowest level since May 31. Sterling was at 85.58 pence per euro.
    Carney will lead his first meeting as governor of the London-based Bank of England this week, and will assess whether further aid to the economy is needed to support the recovery. The BOE will maintain its bond-purchase target at 375 billion pounds on July 4, according to the median forecast of 44 economists in a Bloomberg survey.
    The pound has strengthened 3.2 percent in the past three months, according to Bloomberg Correlation-Weighted Indexes, which track 10 developed-market currencies. The euro gained 4.8 percent and the dollar climbed 3.3 percent.
    U.K. gilts handed investors a loss of 3.5 percent this year through June 28, according to Bloomberg World Bond Indexes. German bonds dropped 1.7 percent and Treasuries declined 2.8 percent, the indexes show.

    source_http://www.bloomberg.com/news/2013-07-01/pound-little-changed-versus-dollar-after-u-k-house-prices-rise.html

  3. #43
    The pound was little changed against the dollar and euro before a report that economists said will show U.K. construction expanded for a second month.

    A Markit Economics and the Chartered Institute of Purchasing and Supply gauge of the building industry rose to 51.2 in June from 50.8 the previous month, according to the median estimate of 16 analysts surveyed by Bloomberg. Data yesterday showed manufacturing output expanded last month. The U.K. Debt Management Office is scheduled to auction 3.5 billion pounds ($5.3 billion) of bonds due in 2023 today.
    The pound traded at $1.5210 as of 7:17 a.m. London time. It fell to $1.5166 on June 28, the lowest since May 31. Sterling was at 85.88 pence per euro after reaching 85.94 pence, the weakest level since May 30.
    Sterling has strengthened 4.2 percent in the past three months, according to Bloomberg Correlation-Weighted Indexes, which track 10 developed-market currencies. The euro gained 5.6 percent and the dollar climbed 3.4 percent.

    source_http://www.bloomberg.com/news/2013-07-02/pound-little-changed-versus-dollar-before-u-k-construction-data.html

  4. #44
    The pound jumped the most in four weeks versus the dollar after a report showed U.K. services growth accelerated in June, adding to evidence the economic recovery is gaining strength.

    Britain’s currency advanced against all of its 16 most-traded peers as reports this week showed manufacturing grew at the fastest in more than two years last month and construction expanded. Mark Carney began as governor of the Bank of England on July 1 and will announce his first policy decision tomorrow.
    “The numbers were a positive surprise, and the pound is showing some strength,” said Lutz Karpowitz, a senior currency strategist at Commerzbank AG in Frankfurt. “These are levels at which you don’t talk about a weak economy anymore.”
    Sterling rose 0.8 percent, the most since June 6, to $1.5283 and gained 0.6 percent to 85.14 pence per euro.

    source_http://www.bloomberg.com/news/2013-07-02/dollar-climbs-to-highest-in-month-versus-yen-before-jobs-report.html

  5. #45
    The pound was little changed versus the dollar before a government report that economists said will show industrial production increased in May, adding to evidence the U.K. recovery is gathering pace.

    Industrial output rose 0.2 percent in May after gaining 0.1 percent the previous month, according to the median estimate of 26 analysts in a Bloomberg News survey before the Office for National Statistics releases the figures. Bank of England policy makers led by Governor Mark Carney signaled last week they will keep U.K. interest rates at a record low for longer than investors anticipated.
    The pound traded at $1.4963 as of 7:42 a.m. London time after sliding to $1.4858 on July 5, the lowest level since March 12. The U.K. currency was at 86.12 pence per euro after depreciating to 86.33 on July 4, the weakest since April 17.
    Sterling was little changed even as a report showed a U.K. house-price gauge rose last month.

    source_http://www.bloomberg.com/news/2013-07-09/pound-little-changed-versus-dollar-before-industrial-production.html

  6. #46
    The pound strengthened for a second day against the dollar after Federal Reserve Chairman Ben S. Bernanke said the U.S. will continue to need stimulus, damping demand for the American currency.

    Sterling rose yesterday on speculation a selloff in the past week was overdone before the Bank of England publishes minutes of this month’s meeting next week. “Highly accommodative monetary policy for the foreseeable future is what’s needed in the U.S. economy,” Bernanke said yesterday. The U.K. Debt Management Office is scheduled to sell 2.5 billion pounds ($3.8 billion) of gilts maturing in 2044 today.
    The pound rose 0.7 percent to $1.5112 at 7:40 a.m. London time after climbing 1 percent yesterday. It dropped to $1.4814 on July 9, the lowest level since June 23, 2010. The U.K. currency was little changed at 86.56 pence per euro.
    Sterling has weakened 0.8 percent in the past week, according to Bloomberg Correlation-Weighted Indexes, which track 10 developed-nation currencies. The dollar fell 1.1 percent, while the euro gained 0.4 percent.

    source_http://www.bloomberg.com/news/2013-07-11/pound-climbs-for-second-day-versus-dollar-on-bernanke-comments.html

  7. #47
    The pound rose toward a four-week high against the dollar before a report that analysts said will show U.K. economic growth accelerated in the second quarter.

    Sterling advanced for the first time in three days versus the euro. U.K. gross domestic product increased 0.6 percent in the three months through June from 0.3 percent in the previous period, the Office for National Statistics will say today, according to the median estimate of 37 economists in a Bloomberg News survey.
    The pound gained 0.3 percent to $1.5355 at 7:55 a.m. London time after rising to $1.5392 on July 23, the strongest level since June 26. The U.K. currency strengthened 0.1 percent to 86.07 pence per euro.

    source_http://www.bloomberg.com/news/2013-07-25/pound-rises-versus-dollar-before-data-seen-showing-u-k-gdp-gain.html

  8. #48
    The pound fell to a one-week low versus the euro after a government report showed economic growth matched analyst estimates last quarter, damping bets the Bank of England is moving closer to ending its accommodative policy.

    Sterling was little changed against the dollar as investors turned their focus to the central bank’s next policy meeting on Aug. 1 and its Inflation Report on Aug. 7. Pacific Investment Management Co. recommended investors should bet Britain’s interest rates will stay lower for longer. U.K. government bonds were little changed after 10-year yields reached the highest level in two weeks.
    “The numbers were in line and there are no big surprises,” said Kathleen Brooks, a research director in London at Forex.com, a unit of online currency-trading company Gain Capital Holdings Inc. (GCAP) “The big news is going to be the Bank of England. In our view they are going to keep rates very low for a long time and they want to keep gilt yields subdued. That could potentially cap the pound’s gains.”
    The pound weakened 0.1 percent to 86.30 pence per euro at 4:32 p.m. London time after depreciating to 85.88 pence, the least since July 18. The U.K. currency strengthened 0.1 percent to $1.5333.

    source_http://www.bloomberg.com/news/2013-07-25/pound-rises-versus-dollar-before-data-seen-showing-u-k-gdp-gain.html

  9. #49
    The pound weakened for a sixth day against the euro amid bets the Bank of England, which meets this week, is more likely to say it favors additional stimulus than either the European Central Bank or Federal Reserve.

    The U.K. currency fell the most in three weeks versus the dollar before Britain’s policy makers release their quarterly Inflation Report next week, which will include findings on interest-rate guidance. The ECB and Fed also meet this week. Sterling is headed for a fourth monthly loss versus the euro. U.K. government bonds were little changed.
    “We look for sterling to weaken going forward,” said Michael Sneyd, a currency strategist at BNP Paribas SA in London. “The ECB’s activism is not to the same extent as the Bank of England and forward guidance is going to differentiate the Bank of England from the Federal Reserve.”
    The pound fell 0.5 percent to 86.90 pence per euro as of 3:36 p.m. London time, set for its longest losing streak since the period ended Jan. 14. Sterling has weakened 1.6 percent this month. The U.K. currency dropped 0.6 percent to $1.5251, the biggest decline since July 5.
    BNP Paribas forecasts the pound will decline to 87.50 pence per euro in the next two months, Sneyd said.
    The nine-member Monetary Policy Committee led by Governor Mark Carney will keep its bond-purchase program at 375 billion pounds on Aug. 1, according to all except one of 42 economists surveyed by Bloomberg News. Officials will also hold the benchmark interest rate at a record low of 0.5 percent, a separate survey showed.

    source_http://www.bloomberg.com/news/2013-07-30/pound-falls-to-2-week-low-versus-euro-before-central-banks-meet.html

  10. #50
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    The pound was little changed against the dollar and euro before Bank of England Governor Mark Carney gives a review of implementing forward guidance to signal the future direction of U.K. interest rates.

    Carney will present the central bank’s assessment of the use of thresholds along with the quarterly Inflation Report, and will also hold a press conference in London today. The Federal Reserve has pledged to keep its short-term interest-rate target near zero at least until U.S. unemployment falls to 6.5 percent and as long as forecast inflation isn’t above 2.5 percent.

    “Realistically he’ll probably reiterate that interest rates will be held low until growth picks up and inflation stabilizes around the 2 percent target,” said Harry Adams, head of trading at Argentex LLP, a London-based currency-advisory company. “The more he says, the more he leaves himself open and the more the pound will move. He could take the Fed approach by linking policy to unemployment rate. This would at least give investors some sort of barometer.”

    The pound traded at $1.5339 as of 7:42 a.m. London time, after rising to $1.5392 yesterday, the highest since July 29. Sterling was at 86.73 pence per euro, after depreciating to 87.70 pence on Aug. 1, the weakest level since March 12.

    The central bank will publish its Inflation Report at 10:30 a.m. in London, followed by Carney’s press conference.

    source_http://www.bloomberg.com/news/2013-08-07/pound-little-changed-before-inflation-report-forward-guidance.html

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