Tag Archives: pound sterling

US$ Carry Trade Intensifies, Pound Sterling Advances on BoE Comments, Fed’s Yellen’s Comments Add to US$ Decline, Mortgage Apps.Decline

Just as I suspected!! Well, apparently my conclusions are sound. Today the U.S.$ price is down more than 3/4% making a new low and news out of the UK is leading the charge. The Pound Sterling has gained 5% this week alone vs. the U.S.$. Today’s comments out of the BoE speak directly to the points I highlighted yesterday…. […]