The Office for National Statistics (ONS) is scheduled to publish UK first quarter growth domestic product (GDP) data on Wednesday at 9:30am London time (4:30am New York time). The ONS publishes three separate GDP estimates over as many months for each quarter. Tomorrow's preliminary release will provide the first estimates of GDP figures for the first quarter.
As the graph below illustrates, the UK has recently wavered between…
The United Kingdom's Office for National Statistics is scheduled to release its Consumer Price Indices report for February on Tuesday at 5:30am New York time (9:30 GMT).
The combination of fewer surprises in CPI readings over recent months plus lower volatility across the currency market has likely contributed to more muted responses of late on the pair known to many traders as cable:…
The United Kingdom's Office for National Statistics is scheduled to release its latest labour market statistics, including the number of people claiming Jobseeker’s Allowance (JSA) in February, at 5:30am New York time (9:30 GMT).
Volatility in the claimant count change data has lessened over the past several months, as has the response of the GBP/USD currency pair to the report:…
The "risk off" theme, prevalent in the London session, lingered through today's New York morning session. The US dollar gained ground against the major European currencies as the French-German 10-year spread reached a post-euro record.
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Added by FX BOOTCAMP on October 19, 2011 at 1:47am —
Relative strength analysis, correlation, and identification of visual support based on historical price action provided clues to a long trade on the GBP/USD currency pair after the US equity market open. The pair known by many traders as "cable" rose 110 pips from its New York morning low before the London close.
A broad sell-off of European bank stocks and a horrible Philly Fed report contributed to a risk off mood in the foreign exchange market. The GBP/USD currency pair dropped 110 pips from its New York morning high.
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Added by FX BOOTCAMP on August 19, 2011 at 1:19am —
A broad British pound sell-off was sparked by a report showing that the UK Manufacturing PMI dropped to a 20-month low in May. The currency pair widely known as cable fell more than 60 pips during the first 90 minutes of today's New York session.