Michael Saunders — News Archive

    Archives

Pound Spikes Higher on BoE Rate Decision, Retreats on Dovishness

The Sterling pound today spiked to new daily highs after the Bank of England announced its monetary policy decisions early in the London session. The GBP/USD currency pair later gave up most of its gains as investors digested the BoE’s seemingly dovish stance on the economy amid calls for more stimulus.

Pound Falls on Disappointing UK Inflation Report and BoE Comments

The sterling pound today fell to new daily lows against the US dollar following the release of disappointing UK inflation data in the early London session. The GBP/USD currency pair’s decline was also fueled by dovish comments from a Bank of England policymaker increasing the likelihood of future rate cuts.

Pound Rallies on Upbeat Jobs Data Amid Leadership Concerns

The British pound today rallied higher following the release of upbeat UK jobs data in the early London session despite the political uncertainty in the country. The GBP/USD currency pair’s rally was limited by investor fears that a pro-Brexit leader could succeed Theresa May as Prime Minister and push for a hard Brexit.

British Pound Rallies Higher on Upbeat UK Construction PMI Data

The Sterling pound today rallied higher against the US dollar following the release of upbeat Markit/CIPS UK Construction PMI data in the early European session. The pound’s rally drove the GBP/USD currency pair higher even as uncertainty loomed over the Brexit negotiations.

Sterling Pound Rallies Higher on BoE’s Hawkish Interest Rate Decision

The British pound today rallied higher against the US dollar after the Bank of England announced its monetary policy decision with more members than before voting for a rate hike. The pound had traded lower following the release of the disappointing UK public sector finances report for May early in the European session.

Great Britain Pound Halts Decline After Optimistic Speech from Michael Saunders

The Great Britain pound rose today (though the gains were very limited) following the rather optimistic speech from Michael Saunders, Bank of England policy maker.

Navigation

Menu