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British Pound Remains Under Pressure Despite Strong UK Data
Monday, 05 October 2009 19:42:45 GMT
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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
- 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
- Monday, 21 September 2009 20:53:23 GMT British Pound Falls Despite Rise in UK Rightmove House Prices
The British pound was the weakest of the majors on Monday and ended the day virtually unchanged from the US dollar. However, the purchasing managers’ index (PMI) for the UK’s services sector jumped to a 2-year high of 55.3 in September from 54.1, suggesting spending is improving despite rising unemployment. That said, an announcement made in the afternoon indicating that UK Prime Minister Gordon Brown is planning a pay freeze for government workers, including civil servants and some doctors, indicates that there are still major headwinds facing consumers in the near-term.
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