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British Pound Gains for Third Day Despite Recessionary Fears

Talking Points
• Japanese Yen: Breaks Below 102.00 as Stocks Tumble Lower
• Pound: Spikes Above 1.75 Despite Mounting Job Losses
• Euro: Upside In[...] read more »
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US Dollar Correction Continues vs Major Currencies

EUR/USD: Bulls Aim for 1.26 as Rebound Continues
GBP/USD: Prices Target 50% Fibonacci Retracement read more »
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European Policy Makers Agree to Stress Tests, U.K. Mortgage Approvals Exceed Forecasts

AM Forex Trading Outlook with DailyFX Currency Analysts Michael Wright and David Song - June 18, 2010 read more »
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UK Unemployment Exceeds 2 Million Mark

Overall the news was universally gloomy for the UK economy indicating that after a slight pause, the recession is likely to worsen as the steep incre[...] read more »
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British Pound Vulnerable If BoE Remains Directionless

The British Pound may remain under pressure if the BoE continues to sit on the sidelines following a political election that produced a hung parliame[...] read more »
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Pound Rises Amid European Crisis and Run from Risk Markets

The British pound grew strong amid the European debt crisis and the downfall of the stock markets and commodities, falling against only two out of si[...] read more »
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British Pound to Follow Risk Trends as EU Strife Continues

The British Pound is set to trade in line with global equity markets as currency traders and the central bank alike are left waiting for a reading on[...] read more »
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Pound Falls to New Lows as BoE Expects Recession

The Great Britain pound fell to its one-month low against the USD and to the 3-month low against the yen, following the comments of the country’s mon[...] read more »
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Forex Crowds Buy Euros Despite Greek Fiscal Crisis

Forex trading crowds have bet quite aggressively on a Euro bounce despite continued turmoil in Greece and the broader Euro Zone. read more »
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British Pound Could Benefit From Upward Revision in 1Q GDP

The British Pound maintained a narrow range after bouncing back from a fresh yearly low of 1.4239 on Wednesday, and the currency may continue to tren[...] read more »
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British Pound Pares Decline as OECD Sees Scope For BoE Rate Hike, Euro Weakens For Third Day

The British Pound bounced back from the low (1.4335) and pared the overnight decline to maintain the tight range carried over from the previous week. read more »
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British Pound Could Be Weighed By Increased Austerity Measures

Indeed, the labor picture brightened as the number of jobless claims fell by 30,900 beating forecasts of 20,000 and lowering the unemployment rate to[...] read more »
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Chancellor of the Exchequer Osborne Confirms U.K. Will Not Join the Euro, Pledges to Cut Deficit

Chancellor of the Exchequer George Osborne stated that the government will cut the deficit to 20 billion pounds by 2015 to 2016, during the emergency[...] read more »
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Falling pound spells costlier holidays abroad for UK holidaymakers

The fall in value of the pound means people holidaying in eurozone countries must fork out an average of £321 extra per household to match their 2007[...] read more »
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Euro, British Pound Extends Yesterday's Rally Despite Concerning Comments

AM Forex Trading Outlook with DailyFX Currency Analysts David Song and Michael Wright read more »
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