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Forex Trading, Market News & Technical Analysis

GBP/USD Fell to 1.2780 as UK Retail Sales Fell to -1.8% in March

Posted by Chris Advincula on Apr 21, 2017 6:58:47 AM

(April 21 Friday) The U.K.. Retail Sales fell to -1.8% in March versus the median forecast of -0.3% compared to +1.7% in February. Sales fell to its largest decline in seven years in the first quarter as the accelerating inflation took a toll in the recent economic data and may prompt the Bank of England to keep interest rates at a record low for a longer term. The -1.8% contraction pushed the 1st quarter sales down by 1.4%, the lowest quarterly outcome since the 1st quarter of 2010, compounded by the ongoing Bexit implications as well.

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Topics: GBPUSD, Forex, UK Economic Data

New Zealand Dollar Rose on Strong 1st QTR Inflation Data

Posted by Chris Advincula on Apr 20, 2017 7:01:21 AM

(April 20) New Zealand's first quarter inflation data came out higher than expected which pushed the New Zealand dollar higher from 0.7002 to 0.7044 (+42 pips) after the release of strong CPI data in the prior Asian session. The NZDUSD came off to 0.7005 after rounds of profit-taking in early Europe.

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Topics: NZD/USD, Forex, New Zealand Economy

Sterling Consolidates After Election Surge

Posted by Chris Advincula on Apr 19, 2017 6:46:20 AM

(April 19 Reuters) Sterling hovered a cent below Tuesday's six-and-a-half month highs against the dollar on Wednesday, the jury still out on whether it can make more progress on the back of optimism around the shock calling of a June 8 parliamentary election.

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Topics: GBPUSD, U.K. Economy, Forex, BREXIT

Theresa May Seeks Snap U.K. Election to Get Brexit Backing

Posted by Chris Advincula on Apr 18, 2017 6:56:20 AM

(April 18 Bloomberg) U.K. Prime Minister Theresa May said she will seek an early election on June 8, in an unexpected gamble aimed at strengthening her hand going into talks on leaving the European Union.

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Topics: GBPUSD, U.K. Economy, Forex, U.K., BREXIT

Pound Falls First Time in Three Days as U.K. Manufacturing Slows

Posted by Chris Advincula on Apr 4, 2017 7:05:14 AM

- Sterling declines versus all but one of its G-10 peers

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Topics: GBPUSD, EURGBP, Forex Fundamentals, Forex

 

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