Post Tagged with: "GBP/USD"
GBP/USD: Trading the British Nationwide HPI
The British Nationwide HPI (Housing Price Index) measures the change in the selling price of residential homes. As a house is likely to be the largest purchase that a consumer will make, this indicator provides important data about the mood of consumers and the health of the economy. A reading which is higher than the market forecast is bullish for
GBP/USD: Trading the US New Home Sales
The New Home Sales report is a leading indicator of housing activity. The indicator is released on a monthly basis, and helps analysts track consumer spending. A higher reading than that expected by the market is bullish for the dollar. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Friday at 15:00
Forex 2011 – The Year of the Tortoise and the Hare
Trading volume is thinning down towards the holiday season that marks the end of the year and it’s a good time to look back at movements of currencies in the past year. The fable of the tortoise and the hare seems appropriate to describe this year. The most volatile currency pairs had quite a limited
British GDP Revised to the Upside, But Current Account Disappoints
The economy in the UK grew by 0.6% in Q3 according to the final publications. This is a surprise and an upwards revision from 0.5%. This upwards revision came on top of a downwards revision for Q2: the economy didn’t grow at all, contrary to a rise of 0.1% reported in the “final” release. Nothing
British Government Posts A High Deficit in November
The British central government and local governments posted a deficit of 15.2 billion in November, a bit less than expected, but five times the deficit seen in October. The current coalition government has vowed to bring down the high debt pile that the UK has. GBP/USD is unchanged at around 1.5725. Also in the UK,
British Unemployment Better Than Expected – GBP/USD Edges Up
The unemployment rate in Britain remained unchanged at 8.3% in October, better than an expected rise. The more up to date figure, Claimant Count Change, continued rising. Clains are up by 3K. Also this is better than expected. GBP/USD moved a bit higher, towards 1.5540, but the move is certainly limited. Claimant Count Change represents the
British Inflation Ticks Down to 4.8%
Headline CPI in the UK ticked down from 5% to 4.8%, exactly as expected. This is still far off from the official target of around 2%, but the BOE sees a big downfall coming in 2012. Core CPI dropped from 3.4% to 3.2%, a bit lower than 3.3% that was predicted. On the other hand,
British Trade Balance Deficit Drops – GBP/USD Ticks Up
Britain’s trade balance significantly squeezed and fell to 7.6 billion pounds in October. This was better than a deficit of 9.5 billion that was expected. The drop came after Britain’s deficit reached double digits in September and hit 10.2 billion. 9.8 was the original figure, now revised to the downside. The current improvement could help
British Manufacturing Production Dives by 0.7%, GBP/USD Down
British Manufacturing production fell by 0.7%. Early expectations stood on a small drop of only 0.1%. The wider figure of industrial production also fell by 0.7%, more than 0.3% that was expected. Pound/dollar is ticking down after the publication, getting closer to 1.5633. GBP/USD floated around the 1.5633 line prior to the release, climbing up
GBP/USD: Trading British Manufacturing Production
The British Manufacturing Production indicator provides analysts and traders with a snapshot of the health of the manufacturing sector. A reading which is higher than the market prediction is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 9:30 GMT. Indicator Background The British Manufacturing