http://www.fgsmart-tegometall-service-center.co.uk Just another WordPress weblog Mon, 08 Mar 2010 10:18:30 +0000 http://backend.userland.com/rss092 en The prices of goods leaving UK factory gates rose at their fastest in 14 months in the year to February and at more than double their average rate than over the past decade, according to official figures published on Friday. The Office of National Statistics reported that manufactured output prices as ... http://www.fgsmart-tegometall-service-center.co.uk/news/730/ Sterling made some brief gains yesterday but traded fairly flat throughout the day. The European Central bank held their current interest rates at 1% which was expected. Whilst the Bank of England left their base rate at 0.5% for the 12th month in a row, and also held its asset ... http://www.fgsmart-tegometall-service-center.co.uk/news/base-rate-left-at-05/ Sterling was under attack from all angles yesterday morning as traders and investors sold off the pound as if it was due to become worthless. Two main factors lead to sterling at one point approaching its biggest one day drop in over a year. Firstly, a report over the weekend in ... http://www.fgsmart-tegometall-service-center.co.uk/news/sterling-was-under-attack-from-all-angles/ Sterling was under pressure from the start of yesterday’s session after comments from BoE Governor Mervyn King weighed on Sterling. King's testimony to the Treasury Select committee undermined sterling when he expressed concerns about the fragility of the recovery and left the door open to further quantitative easing if the need ... http://www.fgsmart-tegometall-service-center.co.uk/news/boe-govenors-comments-weigh-on-sterling/ Sterling started Monday morning on the back foot but made slight gains throughout the day’s trading despite recent weak economic data, poor public finances and more talk of a hung parliament in May. With no data released during the course of the day, market movements were influenced purely by trade flow. ... http://www.fgsmart-tegometall-service-center.co.uk/news/market-movements-influenced-purley-by-trade-flow/ IN THE UK ·         Sterling hits 9 month low vs. dollar ·         UK Retail sales figures come in at the worst level in 18 months ·         GBP/EUR drops below 1.1370 IN THE US ·         Dollar rises broadly on Fed discount rate rise ·         Crude oil slips due to Fed rate hike IN THE EU ·         EUR/USD drops down ... http://www.fgsmart-tegometall-service-center.co.uk/tegometall/sterling-hits-9-month-low-against-dollar/ IN THE UK UK unemployment data rises by the largest amount since July 2009 BoE minutes show unanimous decision to keep rates on hold and pause quantitative easing. Sterling gains against the euro recovering to over 1.15 level   IN THE US Strong housing data helps strengthen the dollar pushing sterling back to 1.56 from 1.57 US ... http://www.fgsmart-tegometall-service-center.co.uk/tegometall/shopfittings/sterling-recovers-to-over-115-against-euro/ Yesterday saw a mixed day for sterling gaining against the US dollar but suffering losses against the euro. Sterling rose slightly when Consumer Price Index data came in on par with consensus at 3.5%, well above the Government’s 2.0% inflation target. Investors did not see this figure as negative as it ... http://www.fgsmart-tegometall-service-center.co.uk/news/yesterday-saw-a-mixed-day-for-sterling/ IN THE UK ·          House prices rise 6.1% last year ·          Inflation set to tip 3.0% in today’s announcements ·          Bank of England minutes out tomorrow IN THE US ·          Quiet trading due to President’s Day ·          Dollar powers below $1.36 mark against the euro ·          Fed’s Lockhart speaks this evening. IN THE EU ·          The euro remains under ... http://www.fgsmart-tegometall-service-center.co.uk/news/bank-of-england-minutes-out-tomorrow/ Sterling fell sharply yesterday against a basket of currencies more notably against the euro which saw nearly a cent drop and dollar which saw a 2 cent decline, this was after the Bank of England released dovish inflation forecasts and a possibility quantitative easing could continue. In the quarterly inflation report ... http://www.fgsmart-tegometall-service-center.co.uk/tegometall/sterling-falls-sharply-yesterday/