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Moneycorp: Sterling outperforms the labouring euro [07/01/2011]
By admin on January 7, 2011Read more– But falls elsewhere on weak services PMI– Key US and Canadian employment reports today Good morning. An American cat litter manufacturer has filed suit against a competitor over...
00Smart Currency Exchange: Sterling jumps 0.85% against struggling Euro [07/01/2011]
By admin on January 7, 2011Read moreSterling had a shaky start to the day yesterday, falling against the US dollar and euro following worse than expected data for UK services sector activity for December. However, sterling recovered from...
UKForex: Eurozone November Retail Sales came in at -0.5%, down by 1.3% [07/01/2011]
By admin on January 7, 2011Read moreUnited States Dollar: Yesterday started quietly in Asian trade with GBP/USD ranging between 1.5492/1.5528. Sterling had decent morning during European trade, a WSJ article discussing the possibility of an...
Rational FX: US sees an impressive 240,000 rise in employment numbers [06/01/2011]
By admin on January 6, 2011Read moreYesterday’s market movers In Europe yesterday we had the industrial new orders (mom) figure which came in slightly worse than expected but much better than previously. This kept up...
Smart Currency Exchange: EUR, GBP drop 0.6% against US Dollar [06/01/2011]
By admin on January 6, 2011Read moreSterling fell against the US dollar yesterday as poor UK data contrasted with better than expected US economic data. Sterling dropped by 0.6% to a low of $1.5452/£1 after a PMI survey of...
Moneycorp: Somebody buys Portuguese government bills [06/01/2011]
By admin on January 6, 2011Read more– At a high rate of interest– Investors optimistic on US jobs situation Good morning. Stories of profligacy and waste figure prominently in today’s papers. The boss of the...
UKForex: UK Construction PMI data comes in below expectations [06/01/2011]
By admin on January 6, 2011Read moreUnited States Dollar: GBP/USD was stable in Asian trade yesterday, ranging between 1.5554/1.5601 and was able to breach the 1.5600 level conclusively early in Europe after some good sized...
Moneycorp: UK Manufacturing PMI at a 16-year high [05/01/2011]
By admin on January 5, 2011Read more– Manufacturing PMI at a 16-year high– Somebody is buying poundsGood morning. A chap in Grimsby is £440 worse off after being convicted of flashing his headlights to warn...
Rational FX: GBP gains half a cent against USD [05/01/2011]
By admin on January 5, 2011Read moreYesterday’s market movers In the UK yesterday we had the M4 money supply which came in at -0.8 which, with small decrease expected, actually came in worse than was...
Smart Currency Exchange: UK’s Purchasing Manager’s Index shoots to 58.3 [05/01/2011]
By admin on January 5, 2011Read moreSterling gained yesterday as manufacturing data showed that activity in the sector grew in December at the fastest rate in 16 years. The Purchasing Manager’s Index (a survey in...
