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Day: May 22, 2015
May 222015
Pound Heads to Weekly Gains Despite Friday’s Drop
The Great Britain pound fell today despite better-than-expected macroeconomic data from the United Kingdom. Still, the currency was heading to a weekly gain against the euro and the Japanese yen, though it likely to end the week with losses against the US dollar. The sterling was soft today even though the report about public net borrowing was better than market expectations. Still, analysts say that the currency remains attractive […]
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May 222015
Yen Stronger After BoJ Makes No Move
The Japanese yen was stronger after a central bank’s policy meeting today as Japanese policy makers yet again decided to refrain from changing anything. The currency gained against the US dollar and the Great Britain pound, though it has trimmed gains versus the former as of now. The majority of the Bank of Japan board members decided to make no changes to monetary policy. The single dissenter offered to reduce the size of asset purchases. Overall, […]
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