Pound/Euro at fresh 20 month high 1.2550

Falling unemployment coupled with hawkish comments from BOE Governor Carney continue Sterling’s upward march It was a rather eventful week for the Pound and the UK economy last week, with Sterling strengthening against a basket of major currencies. The rally really started on Wednesday with the latest release of UK unemployment numbers which fell more … Read more Pound/Euro at fresh 20 month high 1.2550

Carney delivers seething view of Bankers; Sterling retraces its steps

“Just as any revolution eats its children, unchecked market fundamentalism can devour the social capital essential for the long-term dynamism of capitalism itself,” “A sense of self must be accompanied by a sense of the systemic.” These were the words delivered by the Bank of England Chairman last night at a conference on ‘inclusive capitalism’ … Read more Carney delivers seething view of Bankers; Sterling retraces its steps

Sterling continues rally against Euro, falls versus US Dollar

Friday was a relatively quiet end to a busy week with the Pound gaining 0.25% against the Euro before settling back at the levels we had seen at the start of the day, while falling slightly against the US Dollar where it closed the week at 1.6840. The reason for the initial pick up against … Read more Sterling continues rally against Euro, falls versus US Dollar

Pound/Euro hits 18 month high after UK Retail Sales

Sterling continued its upward march yesterday against both the Euro and USD following the release of the UKs retail sales figures for April which were forecasted to show growth of 0.4% but came out well above the estimate showing an increase of 1.3%. GBP/USD hit a high of 1.6920 before dropping back below 1.69 and … Read more Pound/Euro hits 18 month high after UK Retail Sales