Sterling reaches its lowest in four months

Source: Reuters
The Pound hit a four-month low after BoE stated that it is not in a rush to raise interest rates. Mark Carney also added that future wages are most likely to influence the exact time of the interest hike. These comments made the GBP/USD pair fall to 1.6668 - a level not seen since mid-April. The Cable has already dropped 3% from the six year high of 1.7192 reached in July.
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Thu, 14 Aug 2014 08:32:59 GMT

Aussie steady against Dollar ahead of data

The Australian Dollar remained stable against the Greenback after data concerning Australia's inflation expectations dropped over the last month. Additionally, traders are still attentive to the US unemployment claims data due to be released today. The pair hit 0.9288 while on the Asian session and proceeded to consolidate at 0.9230.

Wed, 13 Aug 2014 13:07:09 GMT

Inflation report pushes down the Cable

The Sterling dropped to its lowest level in two months against the US Dollar driven by the BoE's inflation report. According to the BoE, a rise in interest rates rests on wage growth, which forecast was reviewed from 2.5% to 1.25% in 2014. The Pound fell 0.54% versus the Greenback trading at 1.6720, its lowest price since June 4 

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