Sterling hits new 14 year high against the Dollar
Sterling climbed to a 14 year high against the dollar yesterday on continued expectations of further increases in UK interest rates. The Pound pushed through 1.9900 against the dollar, the highest levels seen since September 1992. The pound then fell against the dollar after Bank of England Governor Mervyn King said inflation may decline “quite sharply” in the second half of this year.
Oil prices hover near $55 early this morning, after jumping by 4.7 per cent following news that the U.S. will build emergency oil reserves and as cold weather took hold of the worlds top consumer.
The Bank of England minutes are published this morning and needless to say many peoples eyes will be on the report to see why the bank felt the necessity to surprise the market and raise rates in January. Also released today in the UK is GDP for Q4, with an expectation of a rise of 0.7%, with the possibility of an even stronger number.
The Norges Bank rate announcement is released this afternoon and it is expected that they will keep interest rates at 3.50 per cent, following Decembers rise of 25 basis points.
The contents of this blog are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. The Wise Money Blog cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.
Oil prices hover near $55 early this morning, after jumping by 4.7 per cent following news that the U.S. will build emergency oil reserves and as cold weather took hold of the worlds top consumer.
The Bank of England minutes are published this morning and needless to say many peoples eyes will be on the report to see why the bank felt the necessity to surprise the market and raise rates in January. Also released today in the UK is GDP for Q4, with an expectation of a rise of 0.7%, with the possibility of an even stronger number.
The Norges Bank rate announcement is released this afternoon and it is expected that they will keep interest rates at 3.50 per cent, following Decembers rise of 25 basis points.
The contents of this blog are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. The Wise Money Blog cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.
posted by Drs Search @ 10:03 AM
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