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Sterling is trading marginally down against the euro today and has dropped even further against the USD after the Bank of England reduced growth forecasts in yesterday’s quarterly inflation report. The pound is continuing to come under pressure against the USD as investors flee risk in search of the safe haven, global currency. Expectations are
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Sterling is continuing to take advantage of a weaker euro this morning reaching 1.2577 but has lost out against the USD as political instability in Greece has driven investors to the safety of the USD. Mervyn King the governor of the Bank of England is due to deliver the quarterly inflation report this morning which
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Sterling has fallen by 0.5% against the euro and over 0.25% vs. the USD as we head towards afternoon trading. Stronger growth data from Germany has supported the single currency in contrast to the UK trade balance number which was slightly wider than the –8.4B forecast at –8.6B showing no change from last month. Movements
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Sterling has reached a high of 1.2490 against the euro this morning but has fallen slightly against the USD back into 1.60, a three week low. The UK currency has been particularly strong against the single currency in recent weeks aided by it’s safe haven status as investors continue to support the UK government’s austerity
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Sterling is holding it’s strength above 1.24 vs. the euro and 1.61 against the USD as positive news from the Bank of England maintained interest in the currency. Interest rates and QE were both kept on hold yesterday afternoon which helped alleviate concerns that the central bank may well change it’s direction and pump more
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Sterling is trading off a recent high of 1.2479 vs. the euro and has fallen to 1.61 against the USD. The market is trading the pound cautiously ahead of the Bank of England decision at midday with further gains a possibility if quantitative easing is left unchanged. Manufacturing production data out earlier this morning was
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The pound is continuing to trade strongly against the euro this morning but is down by nearly one quarter of a percent vs. the USD. Overnight we saw sterling reach a 3 and half year high vs. the single currency and many analysts are expecting further gains while concerns grow over the region and austerity
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Sterling is hovering close to a 3 and a half year high against the euro but is down 0.34% vs. the USD. Expectations are for the pound to strengthen further in the short term if politicians fail to form a new Greek government after a shock election result that questioned the terms of the country’s
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Sterling remains above the 1.23 area vs. the euro and is at 1.6168 against the USD as the market continues to favour the UK currency over the riskier euro. Halifax house price data, the only economic release for the day highlighted a big fall in house price data from 2.2% last month the –2.4%. The
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Sterling is trading marginally down against the euro and USD this morning after nationwide released negative house price data of -.0.2% against 0.6% expected. In better news the latest PMI survey from the service sector continues to show expansion at 53.3 although this was under the expected 54.4 figure. Sterling has performed well since the
