Tag Archives: politics
GBP Battered by GDP
Yesterday we saw GDP figures QOQ and YOY show a significant decline, in fact three times less than expected. QOQ came in at -0.7% rather than the expected 0.2%, this set GBP/EUR to have its largest fall in 3 months and it lowest for two weeks against the USD. Despite this knock I still belive […]
GBP EUR USD – UK Inflation Paving the Way for more QE
GBP Inflation in the UK fell to 2.8% from 3%, giving the MPC room to introduce more QE with out the argument inflation is too high. On this news we saw the Pound fall broadly across many currencies, QE floods the market with more cash in attempt to boost growth but to the detriment of […]
Mondays Currency Trading Movement Review GBP EUR
GBP The continuing dark cloud of recession doesn’t appear to have any correlation to the weather being seen across the UK. Whilst we can enjoy the sun, as long as it lasts, the UK economy cannot. A recent run of poor data as well as what is expected later this week may see the Pound dip […]
