Tag Archives: GBP/USD

Bank of England Inflation Report, Pound (GBP) May Weaken If Not Much is Done

Posted on March 7, 2011 by

At the meeting in February, three members voted in favour of lifting rates whereas six members voted to keep the base rate unchanged at 0.5%. Since then, Q4 GDP has been revised lower to -0.6% and the service PMI index … Continue reading →

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GBP/USD Rally Expectation this week, over 1.62?

Posted on February 14, 2011 by

The British Pound broke out of the upward trend from the previous month, with the GBP/USD slipping below 1.6000 for the first time since January, but we may see a reversal in the exchange rate next week as the economic … Continue reading →

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Will British Pound (GBP) Bounce Back from a Horrid GDP Market-Mover Last Week?

Posted on January 31, 2011 by

Somewhat shockingly, the UK economy shrank 0.5% in Q4 – the most in more than a year – as construction slumped and the cold weather took its toll on production. The numbers were considerably worse than Danske and other forecasters … Continue reading →

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