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Ron Acoba is the co-founder and managing partner of He has been involved in the financial market since 2002. Technical analysis is his main tool in forecasting price action of equities and forex but he is also versed in fundamentals and financial analysis. He has an MBA degree... More
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  • The Sunny Side of the British Pound – May 18, 2010 0 comments
    May 18, 2010 8:07 AM | about stocks: BOE, PIP

    The UK’s year-over-year CPI for the month of April has reached 3.7%, which is above the market’s forecast of 3.5%, from 3.4%. The consumer price index or the CPI measures the change in the price of a basket of goods and services in an economy during a period. An increase in this account usually indicates a rising demand in consumption which is of course positive for the economy and the Sterling Pound. You see, a rise in prices general prompts the central bank, in this case – the Bank of England (NYSE:BOE), to tighten their monetary policies. By removing excess liquidity and lessening the supply of GBP in the financial market, the demand for it increases, making its valuation relatively higher. More...

    Disclosure: No positions

    Stocks: BOE, PIP
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