Daily FX Commentary
This report has been deactivated

3

0
Sterling looks for relief
Fri, Nov 21 2008, 11:29 GMT
by Tim Clayton
Investica Ltd
The UK currency was unable to regain the 1.50 level against the dollar on Thursday and weakened to lows below 1.48. Sterling also weakened to lows beyond 0.8450 against the Euro as confidence remained extremely fragile.
There will still be strong expectations of a further Bank of England interest rate cut of at least 0.50% at the December meeting, especially with global central banks still looking to cut rates aggressively to alleviate the severe conditions. The strong downward trend in global rates and economic fears should provide some degree of relative protection to the UK currency.
Conditions within the financial sector will be watched very closely as the relative prospects across the major financial sectors will be an important determining factor exchange rates. Sterling will need firm evidence of stability in the banks to make significant headway. As global risks remained dominant, Sterling edged back towards 1.50 against the dollar on Friday.
Published on
Fri, Nov 21 2008, 14:08 GMT
Archive
- Daily FX Commentary
Published On Mon, Apr 20 2009, 13:05 GMT
- Daily FX Commentary
Published On Tue, Apr 14 2009, 14:16 GMT
- Daily FX Commentary
Published On Wed, Apr 8 2009, 13:09 GMT
- Daily FX Commentary
Published On Fri, Apr 3 2009, 11:47 GMT
- Daily FX Commentary
Published On Mon, Mar 30 2009, 15:36 GMT
[ View All ]
Investica Ltd
http://www.investica.co.uk | tim.clayton@investica.co.uk
Legal disclaimer and risk disclosure
Investica's market analysis is not investment advice and must not be taken as recommending particular market positions. Investica can take no responsibility for any actions taken by investors.
Related reports
Weekly Market Commentary - Libor and Official Interest rates are at their narrowest by Mizuho Corporate Bank
Fri, Jul 3 2009, 14:33 GMT
Daily Market Report - Risk aversion was the main theme of yesterday's trading session by Wachovia
Fri, Jul 3 2009, 12:25 GMT
FX Thoughts for the Day by Kshitij Consultancy Service
Fri, Jul 3 2009, 12:23 GMT
Asia Market Update - Most Asian equities indices track the US session declines as nonfarm payrolls data disappoints by TradeTheNews.com
Fri, Jul 3 2009, 11:55 GMT
Daily Analysis - The Dollar gains as the markets tumble and investors seek a safe haven by Finotec Group Inc.
Fri, Jul 3 2009, 11:47 GMT
centralbanks, interestrate, eurgbp, gbpusd, gbpjpy
View All
Related content
European Markets mixed, EUR rises and GBP lower
FXstreet.com | Fri, Jul 3 2009, 14:38 GMT
CURRENCIES: Dollar Edges Higher In Thin Trade Ahead Of Holiday
Dow Jones | Fri, Jul 3 2009, 11:46 GMT
Forex: GBP/USD falls further to test 1.6300
FXstreet.com | Fri, Jul 3 2009, 11:20 GMT
2nd UPDATE: UK Service Sector Grows, End Of Recession Nears
Dow Jones | Fri, Jul 3 2009, 10:15 GMT
UPDATE: UK Service Sector Grows, But Slows In June
Dow Jones | Fri, Jul 3 2009, 09:43 GMT
centralbanks, interestrate, eurgbp, gbpusd, gbpjpy
View All
The Advisor Weblog » Gbp/Usd daily charts
Fri, Jul 3 2009, 13:43 GMT
FX Market Readings » Wide range swing moves for week end
Fri, Jul 3 2009, 07:03 GMT
The Disciplined Trader » EUR and GBP at important junctures
Fri, Jul 3 2009, 07:00 GMT
The Disciplined Trader » Alternate counts on EUR and GBP
Fri, Jul 3 2009, 01:51 GMT
FX Market Readings » Important day of Events - expected moves
Fri, Jul 3 2009, 01:50 GMT
centralbanks, interestrate, eurgbp, gbpusd, gbpjpy
View All
Gbpusd - Forex Forum - FXstreet.com
Tue, Apr 28 2009, 14:55 GMT
Technical analysis for EUR/USD, GBP/USD - Page 5 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
The technical analysis of majors - Page 3 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:02 GMT
Daily Market Report For All Majors - Page 2 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 11:58 GMT
centralbanks, interestrate, eurgbp, gbpusd, gbpjpy
Outlook for the major currencies this week
Ian Copsey | Tue, Sep 30 2008, 08:00 GMT
Weekly Webinar: 1st on Forex - The Week Ahead
Jerry Furst | Mon, Oct 6 2008, 16:00 GMT
Outlook for the major currencies this week
Ian Copsey | Tue, Oct 7 2008, 08:00 GMT
Main technical theme in the currency market
Jamie Saettele | Wed, Oct 8 2008, 13:00 GMT
US Session Open
Ed Ponsi | Wed, Oct 8 2008, 13:30 GMT 
centralbanks, interestrate, eurgbp, gbpusd, gbpjpy
View All
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.