Archive for August, 2006

Forex: Cable (GBP/USD) Outlook

Friday, August 4th, 2006

Cable consolidate gains above the 1.8920 mark making new 11-week highs earlier this morning. The yesterday’s rise of 25bp UK rate is continuing to underpin the pair, as is the risk of a Fed rate pause next Tuesday.

Presently, there are speculations on GBP/USD heading towards the yearly high of 1.9026 of May 17th if […]

Euro and Sterling Took Flight On Rate Hike

Thursday, August 3rd, 2006

The EUR/USD and Cable (GBP/USD) headed north today, Thursday on interest rate hike that took many by surprise after the European Central Bank and Bank of England both raised interest rates by 0.25 percentage. This was a move to tighten up control on inflation.

The Bank of England surprised the markets with a quarter-point rate hike, […]