GBP/USD: Trading the Change in U.K. Mortgage Approvals

  • Written by admin
  • Posted July 28, 2010 at 10:54 pm

As bank lending in the U.K. is expected to weaken in June, the data is likely to reinforce a weakened outlook for future growth, which could spur a reversal in the British Pound as investors weigh the prospects for a sustainable recovery.

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Filed under: Market News

IMF staff and board split on renminbi

  • Written by admin
  • Posted at 10:20 pm

The disagreement among the 24-member board on the currency weakens the pressure on China further to revalue the renminbi after it abandoned its peg to the dollar

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Filed under: Daily FX

Aussie dollar falls on inflation news

  • Written by admin
  • Posted at 10:20 pm

Price rises fell within the Reserve Bank of Australia’s target range of 2-3 per cent for the first time in three years, making a rate increase next week unlikely, analysts said

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Filed under: Daily FX
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