Sterling Digest: January 25, 2012
- faithmight
- January 25th, 2012
Set of the new British coins for 2008
The Bank of England is clearly dovish even as they decided to unanimously hold on monetary policy this month. UK GDP showing the British economy actually contracted in the last quarter of 2011 dashed sterling bulls who were pointing at the positive economic data released earlier this month. Furthermore, the bounce in the $GBPUSD has looked tepid this week. Even as the pair manages to remain above 1.55, it struggles with any real follow through to the upside. Sellers are starting to converge as the bear trend looks set to resume.
- GBPUSD Update (50′s Blog)
- GBPUSD 25 January 2012 (Gav’s trading blog)
- 24th January 2012 weekly market update with Michael Hewson (CMC Markets) [video with charts at 9:40 mark]
- FTSE100 versus the BoE’s balance sheet (Chart.ly)
- Bank inches towards more QE as global risks loom (Reuters)
- Mervyn King says UK recovery will be long and arduous (BBC) [video]
- UK economy shrinks by 0.2% in last three months of 2011 (BBC) [video]
- Weak UK GDP sets scene for further QE (CMC Markets)
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
blog comments powered by Disqus-
Lydia Idem has been investing in equities for 16 years and trading currencies actively for 5 and a half years. Her trading style is simple and short term. With a special feel for sterling, Lydia trades almost exclusively the GBPUSD and EURGBP. You can follow Lydia on Twitter and StockTwits... (more) -
Archives
-
