The British pound has fallen to a 7 year low against the US dollar and a record low against the Japanese Yen. Over the past 3 trading days, the GBP/USD has dropped more than 1000 pips or 7 percent. Consumer prices were hotter than the market expected, so what has fueled this aggressively [...]

Posted in 2009 british pound forecast, Bank of England, British Pound, Forex Technicals, GBPJPY, Mervyn King, eur/gbp, forex blog 3 Comments »

As you may now, the Bank of England cut interest rates by 50bp to 1.50 percent, an all time record low for the 300 year old central bank
What I found most interesting about the BoE Monetary Policy Statement is the credit that they are giving to the weak sterling.
“But the substantial depreciation in [...]

Posted in 2009 british pound forecast, Bank of England, British Pound, Forex Technicals, forex blog, forex signals 7 Comments »

The Bank of England is expected to cut interest rates by 50bp on Thursday to 1.50 percent, an all time record low, yet the British pound is rallying.
This bizarre price action stems from the fact that pound traders are looking beyond the rate cut and onto the BoE’s aggressive efforts to revive the [...]

Posted in 2009 british pound forecast, Bank of England, British Pound, Mervyn King, forex blog No Comments »

Update - 5 Reasons Why the British Pound is Being Pounded - Access my latest article Feb 28, 2010
http://www.kathylien.com/site/british-pound/british-pound-5-reasons-why-the-pound-is-being-pounded

How Did the British Pound Trade in 2008?
The British pound was one of the worst performing currencies in 2008. It fell to a 6 year low against the US dollar and record low against the Euro [...]

Posted in 2009 british pound forecast, 2009 currency forecasts, 2009 forex forecasts, 2009 gbpusd forecast, Bank of England, BoE rate cut, British Pound, Currency forecasts, Forex Technicals, eur/gbp, eur/gbp record high, forex blog 243 Comments »