british pound
British Pound (GBP) Grinding Higher– For Now!
Monday, October 24th, 2011The British pound (GBP) has been moving higher of late as risk appetite in the market and the heightened concern over the Euro due to the debt crisis has made it a viable alternative. But is all well in the UK? Not exactly. Recently the BOE has embarked on an expanded path of monetary easing [...]
Pound (GBP) Down Despite Record Inflation!
Tuesday, October 18th, 2011Those in the market who were expecting British Pound (GBP) strength based on record inflation were sorely disappointed as the Pound is trading lower to start the day. There is a general misconception that the BOE is concerned about responding to inflation when in fact they are committed to just the opposite. When I saw [...]
Pound (GBP) Tanks As BOE Increases QE!
Thursday, October 6th, 2011The British pound has tanked this morning vs. all currencies as teh BOE announced that they were increasing the size of their asset purchases by 75 billion to 275 billion citing potential liquidy strains. This sent the Pound plummeting lower after it failed to breach the R1 daily pivot resistance as seen on the chart [...]
British Pound (GBP/USD) Breaks Out!
Tuesday, September 27th, 2011The British Pound (GBP) appears to have broken out of a nasty downtrend which had seen world markets tank as the US dollar strengthened. Problems in the Euro zone with their debt crisis increased fears in the marketplace which went into risk aversion mode. “Operation Twist” by the US Fed also helped increase short-term demand [...]