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British Pound Hit By Sharp Rise in Trade Deficit
Friday, 09 November 2007 21:32:01 GMT
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- Thursday, 29 November 2007 21:53:09 GMT Bank of England Offers Emergency Funds
- Wednesday, 28 November 2007 20:57:33 GMT British Pound Rallies on BoE Comments
- Tuesday, 27 November 2007 21:30:03 GMT British Pound: Waiting for More Direction
- Monday, 26 November 2007 21:44:12 GMT British Pound: Licking Its Wounds
- Friday, 23 November 2007 19:01:26 GMT British Pound: Up to 75bp of Easing Next Year
- Wednesday, 21 November 2007 20:54:43 GMT British Pound Falls to 4 Year Low Against Euro
- Tuesday, 20 November 2007 21:20:57 GMT British Pound Rallying Ahead of Bank of England Minutes
- Monday, 19 November 2007 22:20:24 GMT British Pound: Still Weak But Losses are Becoming Limited
- Friday, 16 November 2007 22:38:31 GMT British Pound Closes Its Worst Week Since The August Credit Crunch
- Thursday, 15 November 2007 18:24:28 GMT British Pound Extends Losses Following Retail Sales Numbers
- Wednesday, 14 November 2007 21:18:27 GMT British Pound: Possible Rate Cut in 2008
- Tuesday, 13 November 2007 21:35:23 GMT UK Consumer Prices are Hot
- Monday, 12 November 2007 21:51:42 GMT British Pound: Down 400 Pips
- Thursday, 08 November 2007 21:03:57 GMT British Pound: The Strongest of the Bunch?
- Wednesday, 07 November 2007 20:44:49 GMT British Pound Takes Out 2.10
- Tuesday, 06 November 2007 21:18:23 GMT British Pound Advances Towards 2.10
- Monday, 05 November 2007 22:16:08 GMT British Pound Finally Succumbs to Weaker Economic Data
- Friday, 02 November 2007 21:16:18 GMT British Pound Hits Highest Level Since 1991
- Thursday, 01 November 2007 20:40:35 GMT British Pound Hit By Dollar Weakness Not Softer Economic Data
- Wednesday, 31 October 2007 22:39:26 GMT British Pound Hits 26 Year High
Even though the British pound hit a new 26 year high today, it collapsed sharply on the back of much weaker than expected trade numbers and overall liquidation out of high yielders
We warned yesterday that given the lack of strong UK data to back the recent rise, any sign of weakness would lead to a sharper slide in the GBP/USD than the EUR/USD which was exactly what happened today. Next week the British pound will continue to be in play with inflation, labor market and retail sales numbers on the calendar. Inflation is expected to be strong and the labor market is expected to hold steady, but retail sales could suffer.
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