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British Pound Rallies on Surprisingly Strong Inflationary Pressures

Monday, 14 April 2008 21:54:53 GMT | Kathy Lien, Chief Strategist

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Friday, 16 October 2009 23:58:24 GMT British Pound Looks to 3Q GDP to Keep the Bullish Momentum
Wednesday, 14 October 2009 20:52:17 GMT British Pound Mostly Lower as Job Losses Add Up, Average Earnings Fall
Wednesday, 14 October 2009 02:51:52 GMT UK Unemployment Rate to Hit 22-Year High, Boost Dovish BOE Outlook
Monday, 12 October 2009 23:21:45 GMT UK House Prices Rose for Second Month in September, Says RICS
Monday, 12 October 2009 20:06:38 GMT British Pound Down Despite Improvement in UK Trade Deficit, Rise in Producer Prices
Friday, 09 October 2009 21:34:18 GMT British Pound Forecast Depends on Consumer Price Index Report
Friday, 09 October 2009 02:52:54 GMT UK Producer Prices to Shrink Again, Hinting at Dovish BOE Ahead
Thursday, 08 October 2009 23:31:59 GMT British Pound Comforted by Bank of England's Steady Hand
Thursday, 08 October 2009 02:09:27 GMT British Pound Threatened as Bank of England Plots Policy Shift
Wednesday, 07 October 2009 21:16:17 GMT British Pound Up Ahead of Bank of England Announcement - Neutral Stance Likely
Tuesday, 06 October 2009 18:16:28 GMT British Pound US Dollar Exchange Rate Forecast
Monday, 05 October 2009 19:42:45 GMT British Pound Remains Under Pressure Despite Strong UK Data
Friday, 02 October 2009 23:34:27 GMT British Pound: UK Data, BOE Decision Present Breakdown Potential
Wednesday, 30 September 2009 20:09:25 GMT Euro, British Pound Edge Higher in Choppy Day of Trading
Wednesday, 30 September 2009 00:28:52 GMT British Pound Wins a Long Over-Due Relief Rally
Saturday, 26 September 2009 01:58:01 GMT British Pound Losing its Risk Appeal as Conditions Deteriorate
Friday, 25 September 2009 21:53:37 GMT British Pound the Weakest of the Majors as GBPJPY Break Below Key Support
Friday, 25 September 2009 00:14:11 GMT British Pound Tumbles as the Outlook for a Robust UK Recovery Fades
Wednesday, 23 September 2009 19:54:24 GMT British Pound Gains as BOE Minutes Reflect Emerging Optimism on UK Economy
Wednesday, 23 September 2009 02:21:33 GMT Bank of England Minutes - Economic Data Preview

The British pound gained strength today as investors were greeted with some positive news from the G7 meetings where Chancellor Darling reassured that the UK housing markets would not deteriorate as much as the US housing market due to limited subprime exposure, and also indicated that steps will be taken in order to make banks and mortgage lenders ease their borrowing rate.

On the economic front, UK released their PPI figures; Input prices hit a record high, as producers fight against rising commodity prices, while output prices rose at the fastest pace in 17 years. This has fueled speculation that tomorrow’s CPI figures would also be stronger, as consumers are expected to bear the burden of higher input prices.

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