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Sterling Stronger Despite Expected UK Admission of Forecasting Error

The pound sterling is stronger on Monday after the Financial Times published an article suggesting UK Chancellor Alistair Darling is expected to admit to the largest forecasting error in the history of his position.According to the Financial Times, Darling is expected to admit that the recession in the UK is worse than expected, marking the largest forecasting error in the history of his position. The announcement will come on April 22 when his department unveils its budget

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Greenback Remains Stronger as Swine Flu Continues to Work Through Markets

The U.S. dollar is broadly stronger on Tuesday, except against the Japanese yen, as the effects of the swine flu continue to work their way through the financial markets on Tuesday.After holding an emergency meeting on Monday, the World Health Organization raised its pandemic threat level on the swine flu from three to four, citing evidence of increased human-to-human transmission. Japan Finance Minister Kaoru Yosano said it is difficult to judge how the swine flu will affect

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Sterling Stronger Ahead of U.S. Toxic Debt Plan Details

The pound sterling is stronger ahead the U.S. Treasury's press conference on Monday where details will be provided about its Public-Private Investment Program.The program will create subsidies to encourage private sector investments to purchase toxic debt and offset risk, Treasury Secretary Timothy Geithner has said, adding it will initially be worth $500 billion but could be expanded to $1 trillion. Meanwhile, European Central bank President Jean-Claude Trichet told the Wall Street Journal that he expects a gradual

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Sterling Stronger After Upbeat Home Price Data

The pound sterling is stronger on Thursday after an unexpected increase in the UK's house prices, and as the G20 meeting kick off in London.According to a report from Nationwide, the UK March house prices rose 0.9% m/m compared to expectations for 1.5% decline and previous 1.9% fall, its first gain since 2007.Meanwhile, the G20 meeting in London officially kicked off on Thursday. A draft of the G20 communiqué contains commitments to stimulate economies to create jobs,

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Sterling Stronger Despite Expected UK Admission of Forecasting Error

The pound sterling is stronger on Monday after the Financial Times published an article suggesting UK Chancellor Alistair Darling is expected to admit to the largest forecasting error in the history of his position.According to the Financial Times, Darling is expected to admit that the recession in the UK is worse than expected, marking the largest forecasting error in the history of his position. The announcement will come on April 22 when his department unveils its budget

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U.S. markets open on strong note; Euro and Pound pointing up

!--TITOL: h1U.S. markets open on strong note; Euro and Pound pointing upFITITOL--FXstreet.com (Barcelona) - Stock markets in the U.S. have opened the week on a strong pace lead by financial stocks after Lowe's Cos released better than expected Earnings projections. Eurpo and Pound have risen from Asian session lows, while USD/JPY stands capped at key level.br /br /Dow Jones Industrials Index rises 1.35%, while the Nasdaq Index adds 1.16% and the SP Index trades 1.30% above its opening level.br /br

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