Post Tagged with: "GBP/USD"
British Jobless Claims Continue Rising, Unemployment Remains High
The UK’s Claimant Count Change (or jobless claims) rose by 6.9K in January Early expectations stood on a rise of 3.2K. The unemployment rate for December remained at 8.4%, as expected. GBP/USD ticks down. It continues the downtrend trading. Last month’s jobless claims were revised from +1.2K to 1.9K. The Average Earnings Index for December rose
British Inflation Continues Falling – CPI at 3.6%
The UK’s consumer price index rose at an annual rate of 3.6%. Early expectations stood on an annual rate of 3.6% after last month’s 4.2% pace. GBP/USD weakened earlier after Britain got a credit rating warning from Moody’s, and as the joy regarding the Greek deal faded out. Yet just before the publication, it managed
British QE Raised to £325 as Expected – GBP/USD Jumps
The British Monetary Policy Committee decided to expand the Asset Purchase Facility by an additional 50 billion pounds to £325, as widely expected. GBP/USD is jumping after the release, as an expansion of 75 billion pounds was also on the cards. This comes on the background of rising unemployment. Recent figures, including an improvement in manufacturing,
British Manufacturing Production Jumps, Trade Balance Deficit Shrinks
Manufacturing production in the UK dropped jumped by 1%. Early expectations stood on a rise of 0.3%. Trade balance was expected to remain almost unchanged, with the deficit moving down from 8.6 to 8.5 billion pounds. It squeezed to 7.1 billion. These are good news. GBP/USD ticks up. GBP/USD already relaxed from its highs above 1.59
British Economy Doing Better Than Expected, But Pound Printing Still Coming
Purchasing managers’ indices in the UK were generally better than expected and pointed to growth in January. The chances of an official recession are now lower. Nevertheless, even if Britain escapes another quarter of contraction, the QE train seems unstoppable. The numbers The most important sector is services, which was the last to be released.
GBP/USD Outlook January 30 – February 3
The British pound had another stellar week, climbing almost 200 pips against the US dollar, and breaking the 1.57 level. The upcoming week has seven releases, including GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The dollar weakened against most major currencies following Bernanke’s announcement that interest rates will
British Economy Contracts by 0.2% in Q4 2011
The first release of British Gross Domestic Product for the last quarter of 2011 showed that the economy contracted by 0.2%. Early expectations stood on a contraction of 0.1%. GBP/USD is rising. It fell before the publication. It seems that rumors were out there and now the pound is “rising on the fact”. Data leaks
GBP/USD: Trading the British GDP
The Gross Domestic Product (GDP) indicator measures the production and growth of the economy. Analysts consider GDP one of the most important economic indicators, thus the publication of the British GDP can have an immediate effect on GBP/USD. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 9:30 GMT. Indicator
Another Round of British QE is Closer as Unemployment Rises, Inflation Drops
The unemployment rate in the UK rose to 8.4% in November. This was a bit higher than the 8.3% estimated earlier, a number recorded also in October. After a drop in inflation reported yesterday, the chances that the Bank of England will further expand its QE program in the upcoming meeting in February are on
British Services Sector Moves Up – Pound Unexcited
British Services PMI exceeded expectations and rose to 54 points, indicating stronger growth. Will Britain escape a recession? GBP/USD is still under the weight of European troubles and doesn’t really move up on this good figure. Earlier in the week, the British manufacturing sector managed to slow its contraction and rise nicely. Also Britain’s construction