GBP/EUR GBP/USD Forecast: A Quiet End to a Busy Week

Last Friday sterling remained within a thirty-pip trading range against the euro after broad declines in the currency market during the week.  The retracement came after pound bulls’ expectations of hawkish BoE action sobered and, with no major economic announcements, there was little for sterling traders to get behind. There were no GBP announcements on … Read more GBP/EUR GBP/USD Forecast: A Quiet End to a Busy Week

GBP/EUR & GBP/USD – Retail Sales growth slows in May but UK economy still in period of rapid recovery

Wednesday saw the result of the CBI’s monthly retail sales index survey released. The survey of 136 firms showed a fall in May to +16 from +30 in April, well below economists’ forecasts of a +35 reading. It was not all bad news though with the majority of the firms surveyed predicating a rise next … Read more GBP/EUR & GBP/USD – Retail Sales growth slows in May but UK economy still in period of rapid recovery