Foreign Currency News Updates

Pound:
Sterling is trading lower this morning after reaching a new high of 1.1625 against the Euro and trading higher against the USD yesterday. In most recent UK economic data released in the early hours of this morning the Nationwide house price index came in higher than 0.4% forecast at 1.2% painting an improved picture for

Pound:
Sterling is pushing up higher against the Euro and USD this morning on the back of positive monetary policy comments by the MPC Bank of England member Andrew Sentence. Mr Sentance said: “The combined impact of low interest rates and quantitative easing should continue to be supportive of economic growth through 2010, though, as the

Pound:
Sterling is continuing a recovery from initial falls seen yesterday morning after UK GDP data showed the economy had scrapped through and posted 0.1% growth for the last quarter of 2009. The pound fell upon the release of this news as market expectations increase over UK interest rates being held at the record low of

Pound:
Sterling weakens against the majors and away from highs seen in early morning trading. Growth numbers for the fourth quarter of 2009 showed the UK economy marginally emerged from the recession posting a GDP number of 0.1% significantly under the 0.4% average forecast. The UK has now emerged from its worst recession in more than

Pound:
Sterling is continuing to trade into 1.14 against the Euro after falling into this area on Friday. Against the USD the pound is trading within similar ranges as last Friday, currently in the higher end of 1.61. The market is clearly cautious ahead of UK GDP data for the fourth quarter of 2009 due at

Pound:
Sterling is trading a little lower this morning against the Euro and around a similar level vs. the USD. Investors awaiting UK retail sales were disappointed this morning when today’s data came in under the expected pick up of 1.3% in the high street for December. The pound before this data which came out at

Pound:
Sterling is trading lower against the USD and slightly down from yesterday’s five month high against the Euro. The pound has been given a boost this week from higher consumer inflation, improved employment data and bank of England minutes that highlighted all nine members in agreement with January’s decision on monetary policy. All nine MPC

Pound:
Sterling although trading lower against the USD is continuing to trade higher against the Euro and heading towards 1.15. Yesterday’s rise in CPI has supported views that our central bank will pause again on QE (money printing).  Mervyn king speaking last night confirmed the latest rise in inflation did not alter the BoE views that

Pound:
Positive news and economic data for the UK economy continues to lift the pound in the short term. The pound has hit a one month high against the USD as Kraft Foods and Cadbury said they agreed a takeover of the UK confectioner for £11.7 billion seeing big flows into the UK currency. Sterling also

Pound:
Sterling is managing to hold it’s strength against the major currencies of the world this morning, including the USD and Euro. Concerns over public finances in Greece are continuing to undermine the Euro with the market likely to watch closely, comments from a Euro zone finance minister later today. The pound has also seen