Archive for Bank of England
British Pound: 5 Reasons Why the Pound is Being Pounded
With mixed to slightly better than expected U.K. economic data, traders may be scratching their heads about why the British pound has collapsed more than 300 pips this morning. Here are a couple of reasons:
1. Britain’s Prudential announced plans to buy AIG’s Asia operations for $35.5 billion in cash and stock - since this [...]
The U.S. Dollar Breakdown and the Charts that Matter
Dollar bashing has driven the U.S. dollar to an 11 month low against the Euro and 1 year low against the Australian dollar. If you have caught my interviews on CNBC and Bloomberg, you would know that I have been bearish dollars and bullish Aussies and Euro for the past 2 months. Now [...]
British Pound: Will it Break the Range?
For the past four trading days, the British pound has been stuck in a 200 pip range against the U.S. dollar and a 115 pip range against the Euro. However the bottom of the range in both the GBP/USD and EUR/USD have been broken, leading currency traders to wonder if the larger range will be [...]
