1. Bloomberg.com “Pound Strengthens for Third Week Against Dollar
on Growth Signs” February 4, 2012
The pound strengthened for a third week
against the dollar, the longest run of gains against the greenback since October, as gauges of manufacturing and services
output beat analyst estimates.
2. Bloomberg.com "Pound Strengthens Versus Euro on Concern
Over Struggle to Tame Debt Crisis" November 25, 2011
The pound rose against the euro as investors sought the relative safety
of the U.K. currency on concern euro-area leaders will struggle to prevent their economies worsening amid the region’s
sovereign-debt crisis.
3. Forextv.com "FOREX: Pound at Risk as Markets Look for Dovish BOE Inflation Report"
August 11, 2011
The British Pound is at risk as markets await the Bank of England Inflation Report, looking for a more dovish bias
after the recent series of weak economic data. Pound may fall if BOE Inflation Report alludes to more stimulus.
4. Dailymarkets.com "Pound Gets
Outside Help" July 5, 2011.
The Pound has found some recent strength on the backs of a weaker US Dollar and the passage
of Greek austerity measures. For the market to gain further momentum, the UK must see better economic data.
5. Bloomberg.com “Pound at Strongest
Since 2010 Versus Dollar; Gilts Fall on Inflation Data” April 8, 2011
The pound rose to its strongest level since
January 2010 against the dollar as British data showed producer prices rose at a faster pace than economists predicted, strengthening
the case for higher interest rates.
6. Bloomberg.com" Pound Weakens Against Euro For Week on Speculation of Slower Rate
Hikes" March 19, 2011
The pound slid against the euro for a fourth week, the longest run
of declines since October, as investors bet the Bank of England will be slower to raise rates than its euro-region counterpart.
7. Bloomberg.com "British Pound Weakens
Versus Dollar Before Bank of England Rate Decision" March 10, 2011
Sterling appreciated versus
the euro after Spain ’s credit rating was downgraded by Moody’s Investors Service. The central bank will hold
the U.K.’s benchmark interest rate at a record low of 0.5 percent, according to all 61 economists in a Bloomberg News
survey.
8.
Bloomberg.com "BOE
Forecast to Raise Interest Rate Within Six Months" December 20, 2010.
The Bank of England will start raising interest rates within six months
to curb inflation, the Confederation of British Industry said.
"The
pound is “vulnerable to an additional loss of yield support,” David Powell, a currency strategist at Bank of America
Corp. in London, wrote in a report today. “The market still expects a rate trough of about 0.75 percent and we look
for the market to eventually move toward pricing in a rate trough of 0.25 percent.”
