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The pound’s rebound

Recent fundamental data releases from the U.K. have shown signs of economic life.
Retail sales, the lifeblood of many industrialised nations, remain in positive territory. In April, the latest month for which figures are available, sales rose 0.9% m/m and remained 2.6% higher than in April 2008. This is in stark contrast to the U.S., where [...]

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Trading GBP: Fundamentals ending the week

Three major releases in the second half of this forex trading week carry the potential to move the pound sterling dramatically. These three fundamental releases are the minutes of the latest Bank of England rate-setting meeting, the unemployment report, and the first estimate of fourth quarter U.K. gross domestic product.
At the 8 January 2009 Monetary [...]

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