- Friday, 13 February 2015
- News
Sterling higher in the morning part of Friday's session
There is no major data releases from the UK today. Sterling is currently being traded around 1.5430 area, still supported by yesterday's BoE Inflation Report, in which it was stated that UK is far from deflation despite current downtrend in inflation, with emphasis on belief on further economic growth, and weaker than forecasted US Retail Sales data.
- Monday, 09 February 2015
- News
Sterling slightly lower in a less volatile Monday's session
There are no data releases from the UK today, so Sterling is being traded in a tighter range within 50 points, currently around 1.52 area. As long as pair remains above 1.52 handle we are optimistic and believe that it could move higher. Pair was set back on Friday as NFP figures came out better than forecasted while UK Trade Balance widened in December.
- Friday, 06 February 2015
- News
Aussie higher after RBA Monetary Policy Statement
Aussie was pushed higher this morning after RBA Monetary Policy Statement. In its statement RBA marked market pricing as a good, but not definitive. More importantly it eased the outlook for inflation while leaving clues to its next policy moves deliberately vague. The inflation view eased to 1.25% for headline CPI by June 2015 from an earlier range in November of 1.50% to 2.50% - and well below the mid-point aim of the 2% to 3% target.
- Wednesday, 28 January 2015
- News
Sterling little changed in a steadier European part of session
Despite weaker than expected GDP figures that showed only 0.5% growth in a fourth quarter, Sterling managed to rebound during the yesterday's session. This shows that Sterling is actually going through consolidation with a support around 1.50 handle and resistance near 1.53 area.
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