Author: Josh Ferry Woodard

Josh's Latest Articles

Worst Retail Sales Trend Since 2000 Drags On Sterling

Monday, February 20th, 2017

The Pound plummeted versus the majors again on Friday in reaction to news that British consumers reined in their spending at the start of the year. Compared to forecasts of +0.7%, the monthly UK retail sales (excluding auto fuels) index printed at -0.2% in January. The lowly figure came hot on the heels of a […]

Can the Pound end the week stronger?

Friday, February 17th, 2017

The Pound struggled against most of the majors yesterday as investors continued digesting data released earlier in the week showing that inflation rose slightly slower-than-anticipated in January and that real wage growth hit a two-year low in the fourth quarter of 2016. The only major UK ecostat due for release today is the January retail […]

Pound Falls As Real Wage Growth Hits 2-Year Low

Thursday, February 16th, 2017

The Pound weakened versus most of the majors yesterday following news that UK real pay growth succumbed to a two-year low in the fourth quarter of 2016. The headline unemployment rate remained at an 11-year low of 4.8% and the number of people in work jumped 37,000 to 31.84 million – an all-time high! But […]

Sterling Love Affair Ends

Wednesday, February 15th, 2017

Investors’ recent love affair with the Pound ended yesterday following January’s CPI numbers. Although the UK headline rate of inflation struck a two-and-a-half-year high, the 1.8% score missed estimates of 1.9% and this set off a period of sharp Sterling selling. The latest rise in inflation came as a result of rising oil and fuel […]

GBP CAD Dips as UK Inflation Fails to Impress

Tuesday, February 14th, 2017

The Pound to Canadian Dollar exchange rate gave up its Monday gains and plunged to a new weekly low on Tuesday as Britain’s latest Consumer Price Index (CPI) report disappointed Sterling traders. The interbank GBP/CAD exchange rate had trended at around 1.63 since the weekend but fell to 1.62 on Tuesday. The Pound performed strongly […]

Can the Pound Extend Gains Today?

Tuesday, February 14th, 2017

The Pound performed well at the start of this week’s session due to optimism that this morning’s UK CPI report could strike a new two-and-a-half-year high, which some analysts reckon could pre-empt a more hawkish tone from the Bank of England. British price pressures hit a two-year high of 1.6% in December and markets believe […]

GBP/USD Remains Above Psychological Support

Monday, February 13th, 2017

The GBP/USD exchange rate remained above psychological support for most of last week’s session as hopes of a rate rise from the Bank of England were stoked by sturdy data and a hawkish policymaker speech. The Pound got off to a good start last week thanks to a hawkish message from BoE policymaker Kristin Forbes, […]

Pound Rallies Vs. Euro Ahead Of UK CPI

Monday, February 13th, 2017

The Pound to Euro exchange rate rallied by almost two cents last week as a hawkish message out of the Bank of England and decent domestic data sent Sterling higher. Demand for the Pound flourished at the start of last week’s session when BoE policymaker Kristin Forbes said that interest rates could begin to rise […]

Sturdy UK Data Supports Sterling

Monday, February 13th, 2017

Robust UK data helped Sterling maintain its recent gains versus some of the majors on Friday. Manufacturing, industrial production, construction output, trade balance and GDP forecast reports all printed higher-than-anticipated. The most pleasing readings for holders of the Pound were the overachieving manufacturing and industrial production figures for December, which were seen to bode well […]

Pound Hits Weekly Highs Vs. Euro & US Dollar

Friday, February 10th, 2017

The Pound put in a disproportionately positive performance yesterday morning in reaction to news that UK house prices accelerated from 23% to 25% in January, beating forecasts of 22%. Sterling slowly gave back some of its gains during the afternoon, however, when hawkish Bank of England policymaker Kristin Forbes announced that she was leaving her […]

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