| No Progress For The Pound (1.11) |
| Jul 07, 2011 |
| In relatively orderly trading, the pound proceeded towards the southeast with only the occasional flash of inspiration. The high of the week's two-cent range came last Monday morning, the low just before lunch on Friday. The UK economy was unable to throw up any convincing evidence of progress. The finalised figures... [ Read Full Story ] |
| Very Little Good News for the Pound (1.12) |
| Jun 07, 2011 |
| A one-way street took the pound steadily lower. From Tuesday's opening, sterling had lost nearly three cents by close of play on Friday. It opened in London this morning unchanged from that level. With one exception, the week's UK economic statistics were lower on the month, lower than forecast, or both. Mercifully,... [ Read Full Story ] |
| UK Growth Confirmed at 0.5% in First Quarter (1.14) |
| Jun 01, 2011 |
| Although it managed an 11-week high late on Thursday, the pound was unable to hang on to its gains. Having covered a range of less than two cents in eight days, it opened in London this morning only a couple of dozen ticks away from where it had begun the previous week. Sterling's rough start to the week came with t... [ Read Full Story ] |
| Sterling Fails to Impress (1.14) |
| May 24, 2011 |
| Investors focus on the weak aspects of UK inflation and employment data. But the problems of Euroland are impossible to ignore. After spiking higher on Tuesday, sterling spent most of the rest of the week on the retreat. On Thursday and on Friday morning it was languishing a cent and a half down from Monday's starti... [ Read Full Story ] |
| Sterling Held Back By Lower Inflation (1.13) |
| Apr 21, 2011 |
| Sterling outperformed the euro last week but the 0.3% advantage it gleaned can hardly be described as a resounding success. Sterling covered a range of a cent and a half, an achievement it had completed by the end of Tuesday. It spent the next three days climbing from the lows and when London opened this morning it was... [ Read Full Story ] |
| Bank of England MPC decision this week (1.14) |
| Apr 06, 2011 |
| With the exception of a random sell-off on Thursday, sterling meandered uneventfully through the week. It covered a range of one and a half euro cents and opened in London yesterday morning within spitting distance of last Monday's departure point. The week had kicked off with the usual war of words between the hawk... [ Read Full Story ] |
| Sterling on the Retreat (1.13) |
| Mar 29, 2011 |
| Sterling began the week in reasonably robust form, rising by a cent from Monday's starting point. It dipped on Wednesday and fell by the best part of two cents on Thursday before consolidating into the weekend. When London opened this morning, the pound was looking at a net loss on the week of just over a cent. It w... [ Read Full Story ] |
| European Currencies Lead The Way Again (1.15) |
| Jan 25, 2011 |
| After a bright enough start to the week that earned it a cent, the pound went into reverse on Tuesday. It lost its original cent and two more besides before finding a base on Friday. Sterling trickled through the weekend to open in London this morning a net two cents lower on the week. A big week for UK economic dat... [ Read Full Story ] |