By David Becker The pound declined nearly a big figure as tensions in the Middle East detracted from riskier assets. As investors looked to safe havens such as the Gilt and the US Treasury, the Sterling remained under pressure. Ten-year gilts climbed for a second day, reducing yields by five basis points to 3.69 percent. [...]
Tag Archives: gbp
Dismal U.K. Unemployment Spooks Sterling Investors
By Barbara Zigah Markets had digested and accepted yesterday’s release of U.K. inflation data, and in early trading today, the Pound Sterling had moved broadly higher. Unfortunately, that was all before the release of the Bank of England’s February inflation report. As the central bank governor, Mervyn King, announced in his letter to the Chancellor [...]
U.K. Inflation As Expected, Sterling Under Crowded Selling
By Barbara Zigah The U.K.’s Office for National Statistics earlier released the Consumer Price Index for last month. According to the statement, month-on-month, the CPI fell to 0.1%, matching the forecasts by a consensus of analysts, and well off last month’s 1% rise. As compared to the same period a year ago, however, data shows [...]
