Search Results for: Sterling
Pound is bullish as Shine Comes Off
July 30th, 2014
The shine is starting to come off the U.K. pound, which has given up its reign as the most popular bullish bet for 2014 among the Group of 10 currencies. Hedge funds and other large speculators cut their net ...
U.K. Stocks Advance From a Two-Day Decline as GKN Climbs
July 29th, 2014
U.K. stocks went up, after a two-day decline, as investors weighed earnings from companies such as GKN Plc and Next Plc. GKN jumped 6.9 percent after reporting higher first-half pretax profit. Next climbed 2.5 percent after raising its full-year ...
Lloyds Banking Group charged with $370 million fine
July 28th, 2014
Britain’s Lloyds Banking Group (LLOY.L) has agreed to pay fines totaling $370 million to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a UK government lending scheme. The settlement ...
Technical Analysis GBP/USD upheld by 55-day SMA and monthly PP
July 28th, 2014
Technical Analysis GBP/USD for Monday, July 28, 2014 Pair’s Outlook GBP/USD is currently trying to find support in the face of the monthly PP and 55-day SMA, but there is a high probability of the price falling even lower. ...
Technical Analysis GBP/USD fell to 55-day SMA
July 25th, 2014
Pair’s Outlook Although a breach of the resistance on Jun 30 represented by the 2009 high was considered to be a bullish sign, in the end the Sterling proved to be unable to sustain a rally. Right now GBP/USD ...
GBP/USD erodes 1.7042/19
July 24th, 2014
Pair’s Outlook Apparently, GBP/USD is not willing to use the opportunity to rebound from the 2009 high. If the price falls beneath 1.7042/19, the dip will most likely extend down to 1.6973/50 (monthly PP and 55-day SMA). There will ...
Sweden Calls For EU Ruling On Bitcoin Taxation
July 22nd, 2014
Sweden has asked the European Union to provide definitive rules on the Value Added Tax treatment of cryptocurrencies, such as Bitcoin, after concerns raised by the nation about the UK’s revised position, issued in March. On June 2, 2014, ...
Technical Analysis GBP/USD grinds lower
July 21st, 2014
Pair’s Outlook There are less and less arguments in favour of a rally. First, the currency pair has been failing to make any meaningful progress for the last three weeks. Second, there is a decreasing number of technical indicators ...
Technical Analysis GBP/USD stays directionless
July 18th, 2014
Technical Analysis GBP/USD for July 18, 2014 Pair’s Outlook Even though volatility of GBP/USD increased this week, none of the significant levels have been breached yet. According to the technical indicators, the Pound should eventually gain bullish momentum and ...
Technical Analysis USD/JPY stumbled over monthly PP
July 17th, 2014
Technical Analysis USD/JPY 17/07/2014 Pair’s Outlook Despite USD/JPY closing above 101.61/54 yesterday, the resistance represented by the 55-day SMA and monthly PP appears to be unwilling to let the price to advance further. And while the near-term technical indicators ...
