The pound strengthened to a six-week high against the dollar after a government report showed the nation’s budget deficit narrowed in September more than economists forecast.Sterling appreciated for a third day versus the dollar and the yen as U.K stocks were boosted by optimism European policy makers are moving closer to agreement on a plan to help contain the region’s debt crisis. U.K. government bonds fell.“The pound is trading stronger since the release of the public borrowing figures this morning, which proved encouraging,” Neil Jones , London-based head of European hedge-fund sales at Mizuho Corporate Bank Ltd., a unit of Japan’s third-largest bank, wrote in an e-mailed note.The pound rose 0.8 percent to $1.5949 at 4:54 p.m. in London, after rising to $1.5962, the strongest since Sept. 9.The currency climbed 0.1 percent to 121.42 yen, and appreciated 0.2 percent to 87.06 pence per euro.The U.K.’s net borrowing excluding support for banks shrank to 14.1 billion pounds from 15.4 billion pounds a year earlier, the Office for National Statistics said today in London. A shortfall of 15 billion pounds was predicted by economists in a Bloomberg News survey. Revenue rose 4.2 percent and spending climbed just 0.5 percent.The pound has advanced 1.2 percent in the past month and 1.7 percent over the previous quarter, according to Bloomberg Correlation-Weighted Indexes, which measure a basket of 10 developed-market currencies.
Please see the attached chart below.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Polski
- Português (Portugal)
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
GBP/USD Technical Analysis
Published 10/24/2011, 08:36 AM
Updated 04/25/2018, 04:40 AM
GBP/USD Technical Analysis
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.