Tag: Sterling

daily markets news
January 02, 2018 BY Valentina Kirilova

LSE 2017-end rally with new record highs

Another day of record-breaking on Friday, the half-day session being the last trading day of 2017, with fresh highs for both the FTSE 100 and FTSE 250 while the AIM All-Share Index traded around its highest level since 2008, London Stock Exchange (LSE) reported. The FTSE 100 index closed up 0.9%, or 64.89 points at…

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Nial Fuller forex trader education
April 17, 2017 BY LeapRate Staff

Weekly FX Market Analysis by Nial Fuller - April 17-21, 2017

EURUSD – Euro/dollar remains weak, contained under resistance The EURUSD is in the midst of a downward swing after selling off from key resistance up near 1.0820 – 1.0870 over the last few weeks. Price rotated down from near-term resistance at 1.0670 – 1.0700 area late last week, as it continues to trade just below…

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UK inflation pound sterling
March 23, 2017 BY Valentina Kirilova

British pound jumps to a one-month high

The sterling hit one-month high against the dollar on Thursday, after UK retail sales data came in much higher than expected. British retail sales volumes in February rose by 1.4% from January, beating the 0.4% increase forecast by a Reuters poll of economists and following three consecutive monthly declines. For the three months to February, this…

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The Pound could be on its way to parity
November 04, 2016 BY Valentina Kirilova

British pound sees best week since March 2016

Sterling traded close to a four-week high on Friday and was heading for its best week since March. The pound jumped right after England's High Court put a spanner in the government's plans to forge ahead with Britain's exit from the European Union. The battered pound returned to its 2.5% against the dollar this week…

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July 06, 2016 BY Valentina Kirilova

GBPUSD drops below 1.28 as British Pound slide continues

Sterling sinks to new depths on Brexit anxiety, dropping to new 31 year lows around the 1.2800 level against the US dollar and even lower against the yen and the euro. The combination of some Brexit effects already starting to become definite and this week’s slowdown in recent economic data may seem a bit like…

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