Archive: February2015

UK Consumer Confidence Holds Steady

27 Feb 2015
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Today’s data revealed that confidence among consumers in Britain held steady for February, but was slightly shy of market expectations. With no other notable macro triggers in the UK today, investors will keep a tab on next week’s manufactu…

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UK Consumer Confidence Holds Steady

27 Feb 2015
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Today’s data revealed that confidence among consumers in Britain held steady for February, but was slightly shy of market expectations. With no other notable macro triggers in the UK today, investors will keep a tab on next week’s manufactu…

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GBP/EUR hits seven year highs as euro sinks across the board

26 Feb 2015
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United States Dollar: It was a quiet start to the day yesterday but as the day went on EUR/USD dropped, dragging GBP/USD lower with it. The pound fell from 1.5535 to a low of 1.5395 vs. the dollar, the move backed by a solid U.S. durable goods order…

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Britain’s GDP in Line with Prior Estimates

26 Feb 2015
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Data released today showed that Britain’s GDP for the last quarter of 2014 was in line with the preliminary estimate. Going forward, tomorrow’s GfK survey is anticipated to show that optimism among British consumers strengthened for Februar…

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Yellen, Draghi and Carney fail to surprise as GBP/USD pushes through 1.55

25 Feb 2015
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United States Dollar: GBP/USD tripped through stops at 1.55 yesterday and went on to trade to a high of 1.5533 in the morning. Yellen’s comments a day earlier – although they didn’t have an immediate impact – now have markets…

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UK Mortgage Approvals Climb

25 Feb 2015
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Data just released has revealed that the number of mortgage approvals in the UK climbed for January, bolstering hopes that recovery in the housing market is regaining pace. Moving ahead, tomorrow’s revised UK GDP reading for the final quarter of 2014 is unlikely to show any change from the prior estimate. However, the print’s sub measures will be closely eyed to gain a better insight into Britain’s macro health.
Across the Atlantic, the US Fed Chief expressed confidence in the US economy’s recovery and hinted that the Fed might consider changing its policy stance “on a meeting-by-meeting basis” going forward. In the Euro zone, finance ministers approved the extension of Greece’s bailout by four months yesterday which kept the Euro supported against the majors.

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GBP/USD breaks 1.55 ahead of speech by BoE”s Carney

24 Feb 2015
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United States Dollar: The Bank of England Inflation Hearings occurred yesterday at which Governor Carney and other MPC members testified on inflation and monetary policy before Parliament’s Treasury Select Committee. The outcome wasn’t v…

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GBP/USD breaks 1.55 ahead of speech by BoE”s Carney

24 Feb 2015
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United States Dollar: The Bank of England Inflation Hearings occurred yesterday at which Governor Carney and other MPC members testified on inflation and monetary policy before Parliament’s Treasury Select Committee. The outcome wasn’t v…

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Mark Carney’s Testimony on Radar

24 Feb 2015
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The BoE Governor, Mark Carney, along with some other key policymakers will testify before the Parliament’s Treasury Committee today where they are anticipated to shed some light on the central bank’s policy stance going forward. Although th…

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Mark Carney’s Testimony on Radar

24 Feb 2015
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The BoE Governor, Mark Carney, along with some other key policymakers will testify before the Parliament’s Treasury Committee today where they are anticipated to shed some light on the central bank’s policy stance going forward. Although th…

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