British Pound Economic Indicators Report

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Can GBP/USD Target 1.6090 on Improving Fundamental Factors?

Data to start the week showed UK's Nationwide house price index climbed by 4.1% month over month, with the typical asking price for a home climbed to £233,252. That was the best reading in nearly 10 years. The report said that the surprisingly strong spring price pump was triggered by rising seller confidence due to a lack of homes for sales in more affluent areas.

By Nick Nasad | Feb 20 | FX Times

British Pound Not as Strong as EURGBP and GBPJPY Seem to Suggest

The British pound was exceptionally strong Wednesday – that is against the euro, Swiss franc and Japanese yen.

By John Kicklighter, Currency Strategist | Jan 06, 2011 | DailyFX

British Pound Traders Focused more on Housing Data than BoE Bean’s Inflation Comments

While the menace of economic pain and stimulus expansion loom; there is a bullish argument to be made in rate expectations for the pound.

By John Kicklighter | Dec 14, 2010 | DailyFX

British Pound Unmoved by a Mum Bank of England but Trouble Builds in the Background

There was considerable potential in the Bank of England’s policy decision; but the likelihood of a meaningful change was low.

By John Kicklighter | Dec 10, 2010 | DailyFX

GBP/USD forming a short-term uptrend? This week's data, BoE to decide

If the pair consolidates above 1.56 levels, it might help confirm an intermediate short-term upward trend, and in that case, next important target for GBP/USD will be 1.5838 (R2), a medium term support-turned resistance for the pair.

By Boby Michael | Dec 06, 2010 | IBTimes

CBI lowers UK growth forecasts for 2011

Confederation of British Industry (CBI), the largest business lobby in UK, lowered its growth forecasts for 2011 to 2% instead of the 2.5% previously estimated in June, while it raised growth projections for the current year slightly to 1.6% from 1.3%.The group mentioned that planned sharps spending.

Sep 22, 2010 | ecPulse.com