GBP has started this week in a cautiously positive mood against the major currencies with not a great amount of data supporting this move. This is on the back of tighter monetary policy from the BoE but as there is no huge inflation pressure and due to the lack of strong economic data, there is no reason to expect GBP to strengthen that much more.
Posted in Daily Market News on May 30 2014
This morning, it is data from Germany and the UK which will determine whether the GBP strengthens or weakens for the rest of the day. German IFO Confidence has just been released and is down to a level of 110.7 which is down from the 111.3 level in February, which...VIEW FULL ARTICLE
Posted in Daily Market News on Mar 25 2014 by admin