| UK Growing Faster Than Previously Thought (1.20) |
| Sep 01, 2010 |
| The week got off to a bad start after The Times published an interview with Monetary Policy Committee Member Martin Weale. Asked if Britain was on course for a double-dip recession, Mr Weale said, reasonably enough; 'I think it would be foolish to say that there's no risk of that.' Had he left it at that no damage woul... [ Read Full Story ] |
| Sterling Going Nowhere (1.21) |
| Aug 25, 2010 |
| After falling on Monday and Tuesday the pound spent the rest of the week pointing higher. It only managed to add a single net cent but that can be considered a result given that, at its nadir, it was two cents below its starting point. This Tuesday afternoon, the Sterling / Euro rate is 1.218 Sterling's week got off... [ Read Full Story ] |
| Sterling Creeps Higher (1.21) |
| Aug 17, 2010 |
| In a useful week sterling added nearly two cents against the euro, having been even higher late on Friday afternoon. This Tuesday afternoon, the Sterling/Euro rate is 1.212. If there was any dominant feature of the UK economy last week it was the struggling residential property market. The Royal Institute of Charter... [ Read Full Story ] |
| Sterling survives the week (1.20) |
| Aug 10, 2010 |
| It was a strange sort of a week for sterling. Despite making one small error after another it came through virtually unscathed. Except against the euro, where it lost a couple of dozen ticks, sterling was either steady or higher this morning compared with last Monday's starting level. Its best result was the two cents ... [ Read Full Story ] |
| UK Economy Suprises and Delights (1.195) |
| Jul 31, 2010 |
| Sterling began the week by retreating from €1.1850 to below €1.1750. On Tuesday it pulled itself together, climbing nearly two cents higher. A Thursday setback to €1.18 was followed by a Friday rally to a high above €1.20. When London opened this morning the pound was trading a little off its highs at €1.1950. Betwe... [ Read Full Story ] |
| Data Disappointments for Sterling (1.20) |
| Jul 13, 2010 |
| Wider UK trade deficit and falling factory gate prices dampen appetite for the pound. Stability returns to the euro as the Greek panic subsides. Sterling spent a second week paying the bill for its post-budget honeymoon. It has now returned all the way to its position before the chancellor stood up to deliver his spee... [ Read Full Story ] |
| Sterling Hitting Highs (1.215) |
| Jul 06, 2010 |
| On Monday and Tuesday the pound climbed from 1.2150 Euro almost to 1.24 Euro but it promptly turned tail. By Thursday it was back to its starting point and it moved lower still. The low point came on Friday afternoon, and is now uncertain about what to do next. Most of sterling's achievements last week were more the... [ Read Full Story ] |
| Budget Overshadows Sterling (1.20) |
| Jun 22, 2010 |
| Last week's UK data were uninspiring but did no great damage. The euro shrugged off all sorts of bad news because it was not bad enough. It was not an inspiring week for the pound, which covered a two-cent range between 1.21 Euroand 1.19 Euro. It was not quite five-a-day for sterling but the British economy manag... [ Read Full Story ] |