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Day: March 25, 2014
March 252014
UK Pound Higher, Even After CPI Disappointment
The UK pound is higher today, gaining ground even after the latest CPI data shows that inflation remains below 2 per cent. The news isn’t phasing the sterling, which is higher against most of its major counterparts. The Office for National Statistics reports that CPI was at 1.7 per cent in February, following a reading of 1.9 per cent in January. The Bank of England and other policymakers aim to keep […]
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March 252014
EUR/USD Drops on Policy Outlook, Rebounds
EUR/USD dropped today, following yesterday’s gains, as European policy makers were talking about possible addition of economic stimulus. Meanwhile, US policy makers were trying to talk down interest rate hike expectations caused by the last week’s policy statement. Today’s data from the United States was mostly disappointing with the exception of consumer confidence that rose much more than was expected. S&P/Case-Shiller home price […]
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