19 Jun 2008: Pound surges after sales shock
Sterling surged higher on Thursday after a surprise jump in UK retail sales prompted speculation that the economy might be weathering the current storm more robustly than previously thought.
Data showed UK retail sales rose by 3.5 per cent in May, taking them up 8.1 per cent on the year. ...
09 Jun 2008: UK inflation data boost pound
Sterling rose sharply on Monday after data showed UK factory gate inflation hit a record high in May, putting pressure on the Bank of England not to cut interest rates.
The Office for National Statistics said producers’ output prices rose 1.6 per cent last month, taking annual factory gate inflation to 8.9 per cent – the highest since comparable records began in 1986.Read more at FT.com
02 Jun 2008: Pound takes hits
The pound lost 1 per cent against the dollar after worrying financial data was revealed by Bradford & Bingley, a major player in the buy-to-let credit market.
Read more at FT.com
27 May 2008: Euro pulls back from a one-month high
Disappointing data on German and French economy brought in grim expectations for the Euro. Experts speculate that higher energy prices have shrunk consumers' actual disposable income.
19 May 2008: Australian dollar hits record high
The Australian dollar hit a 24-year high at USD 0.9571. Analysts expect expensive local currency to have negative impact on Australian economy if sustained for considerable period. ...