UK 'heading for hung parliament'
There was more worrying news for David Cameron as two more polls suggested the country is on course for a hung parliament.
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UK house prices jump most in seven years
UK house prices increased in February at the fastest pace in more than seven years, research group Acadametrics said.
Eurozone finalising rescue package for Greece
Euro zone finance ministers have agreed - or soon will - on a bailout of several billion euro for crisis-hit Greece, various UK media reports said on March 13 2010.
GBP/JPY Weekly Outlook
GBP/JPY's recovery from 132.13 resumed last week and rose to as high as 138.04. Further rise could still be seen initially this week. But after all, we'd expect upside to be limited by 139.21 cluster resistance (38.2% retracement of 150.68 to 132
EUR/GBP Weekly Outlook
EUR/GBP edged higher to 0.9132 last week but failed below 0.9137 retreat and retreated sharply. The development suggests that consolidation from 0.9137 is still in progress and fall from 0.9132 should extend further to retest 0.8980.
U.K. Housing Data Boosts Pound’s Rally
The British pound had a positive performance before the weekend as both domestic and international scenario brought favorable news and consequently traders to purchase assets in the country, as a real estate report revived confidence towards U.K.
Pound Rises for 2nd Day Against Dollar as House Prices Jump
The pound climbed for a second day against the dollar on speculation this year’s drop was excessive as a report showed house prices rose at the fastest pace in seven years, mitigating concern about the economy.
Dollar slides to 1-mo low vs euro; sterling rises
The dollar dropped to a one-month low against the euro and a two-week trough against sterling on Friday, as investors pared back large bearish bets on the two European currencies following strong euro zone economic data.
Evening Signals 12/03/2010
EUR/USDBuy at 1.3771 SL 1.3731 TP 1.3801
GBP/USD
Buy at 1.5146 SL 1.5106 TP 1.5176
The 'Sterling Crisis' Increases Day by Day
It seems to be that the jury is still out on the prospects for the UK economy; there are still a few analysts that believe that the UK might suddenly motor ahead.
House prices return to 2007 levels
The average value of a property in England and Wales increased by 1.9% in February to levels recorded three years ago in April 2007.


