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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
- 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
- Friday, 09 November 2007 21:32:01 GMT British Pound Hit By Sharp Rise in Trade Deficit
- 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
The outlook for the British pound deteriorates by the day.
Third quarter GDP was weaker than expected with growth increasing by only 0.7 percent compared to the market’s 0.8 percent forecast last quarter. The housing market also remains weak with BBA mortgage approvals falling to a record low. This prompted Bank of England member Lomax to warn that monetary policy may be restrictive which suggests that rate cuts are on the minds of UK policy makers. The recent deterioration in UK economic data and the dovish Quarterly inflation report has traders now pricing in 75bp of easing by the middle of next year. We do not expect next week’s housing data, CBI distributive trades survey and consumer confidence to be much of a help as the currency looks poised for further losses.
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