British pound news

Speaking with the Financial Times on Thursday, European Central Bank's Ewald Nowotny says that it makes sense that the ECB would not cut too much too soon. At its governing council meeting in November, the ECB surprised some by only cutting its main refinancing rate by 50 basis points to 3.25%. With the Bank of England having just minutes before cut its Bank Rate by an unexpected 150 basis points,…

Gbp/usd - 1.4960...U.S. names were seen selling earlier this morning ahead of the 1.5000 lvl n cable fell to 1.4916 (absorbing some bids at 1.4920) b4 rebounding on short-covering ahead of U.K. retail sales data (expected to show a month-on-month decrease). More bids are found at 1.4890/00 with stop...

BoE's Gieve says central banks and governments must be ready to take further actions. In a speech late yesterday, Gieve noted that advanced economies are...

Current Yesterday USD 0.43750 0.40000 GBP 3.00000 3.00000 EUR 2.93375 2.97625 JPY 0.53250 0.52750 CHF 0.98333 0.99167 AUD 5.62500 5.75000 CAD 2.55833 2.56667 NZD 6.70000 6.78750

U.K. retail sales are expected to have declined for the second month in a row in October. Economists are predicting that consumer consumption drop 0.9%...

1,4956. GBP USD is in a range between 1,4900 and 1,5090. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearis...

142,31. GBP JPY broke 143,75 support. GBP JPY is in an downtrend directed by 4H exponential moving averages. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The downt...

0,8346. EUR GBP is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should find a support above 0,8300 (46 pips). We won't take a position. The risk/reward ratio is too high to take a position.. Resistance...

GBPUSD might be forming a short term cycle top at 1.5249 level on 4-hour chart and the fall from 1.5249 could possibly be resumption of down trend. Key support is now located at 1.4900, a break below this level will confirm the cycle top, and the following decline could bring price towards 1.4000 zone or even lower.

(CEP News) - On Thursday, markets will receive German producer prices data, along with Italian industrial orders and UK retail sales.

The British pound gained throughout much of the morning to reach an intraday high of 1.5249, but subsequently fell back below 1.50 as UK interest rate...

- British Pound Spikes Amidst Wild Volatility, Falls Back as BOE Minutes Signal Further Rate Cuts - Japanese Yen Jumps While US Stocks Close at Lowest...

(CEP News) - Bank of England Deputy Governor Sir John Gieve said more interest rates may be needed as inflation is expected to remain below target in the medium term.

The British Pound/US Dollar pair remains in much the same situation as the rest of its forex trading counterparts, trading within a progressively narrower...

The Dollar was stronger on Tuesday as investors continue to seek for safety. But a late rally on Wall Street limited dollar gains against Euro and Sterling and boosted it against the Yen on hopes that financial market turmoil may be starting to ease.

The Euro remains in a tight wedge formation against the US Dollar, with Rangebound price action likely to culminate in breakouts through short-term currency...

(CEP News) - Some key U.S. inflation and housing reports will dominate the economic data of the day along with Canadians securities transactions and the U.S. Department of Energy's weekly oil inventories. However, central bankers will also garner attention as markets receive comments from Bank of Canada governor Mark Carney in the morning, along with various Fed and Bank of England speakers throug…

(CEP News) Frankfurt - Manufacturers output expectations fell to their lowest level in almost 30 years, with the Confederation of British Industry reporting Wednesday that domestic and foreign order levels for UK manufacturing are continuing to suffer during the economic slowdown.

Private-sector consumption in the U.K. is expected to weaken for the second consecutive month in October as economist forecast retail sales to fall another...

Manufacturing output has declined in the United Kingdom in November to its lowest level since 1980, while the new orders remain at very low levels, according to the latest industrial trends survey by the Confederation of British Industry.

1,5059. GBP USD is in an downtrend directed by 4H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. GBP USD is in a range between 1,4900 and 1,5100. The volatility is low. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consol...

145,39. There is an horizontal range between 143,90 and 146,10. Support and resistance are given by Bollinger bands. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicato...

Current Yesterday USD 0.43750 0.40000 GBP 3.00000 3.00000 EUR 2.93375 2.97625 JPY 0.53250 0.52750 CHF 0.98333 0.99167 AUD 5.62500 5.75000 CAD 2.55833 2.56667 NZD 6.70000 6.78750 3-month...

0,8396. EUR GBP is in a range between 0,8360 and 0,8480. EUR GBP moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a positio...

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Expectations of another rate cut rise after the release of minutes from the Bank of England meeting which slashed rates to 3%.

The U.K. November CBI manufacturing orders index was largely stable, improving marginally to -38 from -39 in October and better than our survey median...

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The Bank of England unanimously voted to lower their benchmark rate 150 bps at their November 6th meeting due to increasing downside risk to growth and...

The Bank of England has affirmed that its decision to cut its Bank Rate by 1,50% announced in November the 6th was approved unanimously, based on the need to react against the impact of the credit crisis through a substantial monetary loosening, according to the minutes of the meeting.

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(CEP News) Frankfurt - The Bank of England's Monetary Policy Committee had voted unanimously to cut its Bank Rate by 150 basis points at its meeting on November 5 and 6, the BOE Minutes revealed on Wednesday.

The Sterling did not make any significant movement yesterday. We had clear range between 1.5091 and 1.4898. Break out of this zone will signal to traders what position to take. Short term resistance is 1.5165. Immediate support level is around 1.4700. In the long term the bearish scenario is still valid, although the indicator CCI crossed up the 100 line on the daily chart, indicating a potential …

In an interview with Sky News published on Wednesday, European Central Bank President Jean-Claude Trichet says Britain can join euro zone anytime. "It is an issue for the British people, but Britain would be welcome at any time."

The Bank of England Minutes from the November 6th policy meeting showed that the MPC voted unanimously to lower the benchmark interest rate by 150bp to...

(CEP News) - Economists are forecasting that the Bank of England's decision to cut the benchmark interest rate by 150 bps to 3.00% on Nov. 6 was unanimous among members of the Monetary Policy Committee, and they will be seeking confirmation of another large cut at the Dec. 4 meeting.

The minutes from the BoE November 5-6 meeting showed a unanimous 9-0 vote behind the 150 bp rate cut and revealed that a larger move was even discussed...

Gbp/usd - 1.4957...U.S. names were seen selling earlier n cable declined to 1.4900 b4 bouncing to 1.4985 on short covering, however, trading activity is expected to be thin ahead of the MPC vote outcome (09:30GMT). A mixture of bids n stops is noted below 1.4900 while fresh offers are reported at 1....

Eur/usd - 1.2625...Trading flows have been relatively light in Asia with no major data out of the eurozone (focus will be on U.K. MPC vote outcome, U.S. CPI data n FOMC meeting minutes). A mixture of bids n stops is seen in the region of 1.2580-1.2600 with buying interest found at 1.2550 while offer...

by Johan Kriek (jkriek@fxinstructor.com) Key Notes: - BoE: 9-0 vote for 150bps cut, signals more to come Key Events still to come: - US Housing figures - US CPI - FOMC meeting minutes Probability Studies: The EUR is still situated in a no trade zone as price cannot violate the bearish current trend at 1.2660 to the upside to signal a confirmed continuation [...]

Yesterday we looked at a 4-hour chart of the GBP/USD with an RSI (10) plotted on the chart in an attempt to find our sell signal. The daily trend is down...

Australia faces the risk of recession at the beginning of next year as the Westpac leading index plunged to the lowest in 23 years. The Euro and British...

The British pound traded within a roughly 200 point trading range against the US dollar, remaining under pressure following this morning’s release of UK...

The release of the minutes from the last meeting of the Bank of England headline the economic calendar in European trading hours. Mervyn King and company...

(CEP News) - Markets will pay close attention to the Bank of England's Monetary Policy Committee (MPC) minutes from the November 6 meeting, which could signal more aggressive cuts in December. At the November meeting, the bank cut rates by 1.50%, bringing interest rates to 3.00%.

British pound remains under pressure as UK CPI fell more than expected on Tuesday, while the release of the BOE's November meeting minutes could signal...

- British Pound Weighed Down By Drop in UK CPI, May Be Exacerbated By BOE Meeting Minutes - Euro: ECB President Trichet Stresses Difference Between Deflation...

The British pound moved higher vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.5090 level and was supported around the $1.4935 level. Data released in the U.K. today saw consumer price inflation decline in October at its fastest pace since at least 1997.

(CEP News) - Economists are forecasting that the Bank of England's decision to cut the benchmark interest rate by 150 bps to 3.00% on Nov. 6 was unanimous among members of the Monetary Policy Committee, and they will be seeking confirmation of another large cut at the Dec. 4 meeting.

(CEP News) - Speaking at the Royal Economic Society in London, Bank of England Monetary Policy Committee (MPC) member Tim Besley said the central bank's rate setting has been remarkably robust and that the recent cuts have been justified given expectations of a decline in inflation.

Yen activity steps up with yen currency crosses emerging from the shadow of GBP amid a fresh ascent in global risk aversion. Markets to keep watch on Paulson/Bernanke’s testimony shedding more detail on the immobilization of half the $700 billion TARP package. FX traders to watch whether the Dow and S&P500 continue closing above the key 8,100 and 840 levels before considering fresh trades on the .…

Official figures show that UK inflation fell from 5.2% to 4.5% in October, as oil prices and transport costs fell.

Sterling will struggle to sustain corrective rallies in the near term

The U.S. dollar remains the currency of choice as investors continue curb their appetite for risk, and a weakening interest rate outlook for the British...

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The Pound traded to as low as 1.4960 after reaching a high of 1.5092, as U.K. consumer prices unexpectedly declined 0.2% in October. The drop in inflation...

Inflation at consumer level has eased slightly beyond expectations in October, mainly because the decline of petrol prices, retail prices index were also down in October, according to data released by National Statistics.

(CEP News) Frankfurt - UK inflation surprised to the downside in October, slowing to 4.5% in annualized terms, the Office for National Statistics (ONS) reported on Tuesday. Economists had expected a rate of 4.8% for October, down from the record high 5.2% registered in the 12 months to September.

The British Pound recovered against the green back on Monday. The currency couple made a peak at 1.5083 and closed at 1.4952. The daily CCI indicator is in the oversold area and in upward direction, indicating a rising pressure. Our model for the currency pair for today is mixed. The nearest resistance is 1.5090. Break upwards of this level can cause ascending impetus to the region of 1.5264. Firs…

Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject t.…