Archive: October2014

Consumer Morale in the UK Softens

31 Oct 2014
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Today’s GfK report indicated that morale among consumers in Britain deteriorated for October. With inflation in the UK outpacing wage growth, the weakness in consumer sentiment probably signals some fatigue in Britain’s consumer-led growth….

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USD reluctant to move higher despite positive GDP

30 Oct 2014
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United States Dollar: GBP/USD – Having dropped to an overnight low of 1.5970, following the end of Quantitative Easing in the US, Sterling spent yesterday morning recovering some ground ahead of US GDP and Jobless claims numbers. Annualised US Q3 GD…

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USD reluctant to move higher despite positive GDP

30 Oct 2014
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United States Dollar: GBP/USD – Having dropped to an overnight low of 1.5970, following the end of Quantitative Easing in the US, Sterling spent yesterday morning recovering some ground ahead of US GDP and Jobless claims numbers. Annualised US Q3 GD…

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UK House Prices Rise, Fed Ends QE

30 Oct 2014
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Nationwide has reported that house prices in the UK continued to grow for October, albeit at a slower pace, compared with same period previous year. However, the Pound has continued to trade under pressure against the majors, largely hurt by yesterday&…

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USD surges as Fed ends QE

29 Oct 2014
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United States Dollar: GBP/USD – The safe haven dollar has surged against its UK counterpart as the US Federal Reserve Bank confirmed an end to its Quantitative Easing programme and delivered more hawkish comments regarding the US Jobs market. In its…

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Mortgage Approvals in UK Decline

29 Oct 2014
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Today’s domestic macro data has revealed that mortgage approvals fell for a fourth consecutive month during September along with a drop in the nation’s consumer credit demand. However, the Pound has shown little reaction this morning and is…

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US Durable Goods Orders in Focus

28 Oct 2014
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With a light economic calendar in the UK today, Sterling is anticipated to take direction from global cues. However, with the minutes of the latest BoE policy meeting being slightly dovish and amid rising prospects of a delay in the timing of an intere…

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Markets cautious ahead of tomorrow”s FOMC statement

27 Oct 2014
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United States Dollar: GBP/USD – After the turbulence of last week cable experience a relatively quiet day of trading as sterling remained well supported. With no data releases from the UK the pair traded a tight 20 pip range through the morning sess…

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Euro Banks are Stressed

27 Oct 2014
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Following Friday’s UK GDP data, which came in line with market estimates, market participants are likely to shift their focus to other macro releases going forward to gauge the nation’s economic growth during the fourth quarter.
The findin…

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US data dominates this weeks docket

26 Oct 2014
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United States Dollar: GBP/USD – Sterling pushed higher on Friday and UK 3rd Quarter GDP met expectations while US home sales figures did not. YoY GDP hit predicted levels of 3.0% while QoQ came in on par at 0.7%. This helped the pound jump 40 pips …

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