Currency Market Updates

GBP/USD to 1.6240 and GBP/EUR to 1.0750

Speculation that the Bank of England will extend their Quantitive Easing programme at the next meeting on November 5 while the next major level for GBP/USD is 1.6240 and GBP/EUR is 1.0750.

UK Retail Sales Disappoints

UK retail sales data came in lower than expected with month on month sales coming in flat against the expectation of a 0.5% rise. This has taken the shine away from sterling after an impressive rally over the last few trading days

Bank of England Minutes Boost Sterling

This morning the released minutes from the MPC showed a vote of 9-0 to keep rates at 0.5% and QE at 175 billion pounds.

MarketClub Reviews – The S&P 500 Index

What is going to happen with the S&P 500 index? Will it continue rising for the rest of the year or are we close to a turning point?

Euro Looks to 1.50

The pound is targeting the support level of 1.6450 and a breach of this should open the door to test 1.66 while the euro target 1.50

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