Foreign Currency News Updates

US Dollar:
The Dollar was down again against Sterling this morning but rose against the Euro as comments from the European Central Bank put serious pressure on the single currency against the other majors. Worse than expected U.S economic data on Friday, scuppering investors’ expectations of a U.S rate increase, is still looked at as the

Pound:
The pound as I’m sure your aware strengthened significantly yesterday against the majors after a mix of improved UK data and hawkish comments from a bank of England MPC member, Sentance. Hawkish refers to those favouring an increase in interest rates which may occur later this year in the UK. Industrial production data also helped

Sterling moved UP by 0.7% to a nine day high of 1.1240 this afternoon and UP 0.6% against the USD to a one-month high of 1.6306 as recent news and views surrounding the UK improved.
Bank of England MPC member Andrew Sentance made stronger comments surrounding bank stimulus (money printing) indicating a pause by our central

Pound:
The pound has strengthened against the majors this morning after news yesterday that our trade deficit improved slightly and retail sales continue to impress. The pound has also taken full advantage of the National Institute of Economic and Social Research comments that Q4, 2009 GDP data will be positive and show that the UK has

Pound:
The pound has moved down this morning to 1.6097 after hitting 1.6195 in trading yesterday and is moving within similar ranges against the Euro. The pound is trading lower after falls in the RICS (Royal institute of Chartered Surveyors) house price balance to 30% from 38% expected. This data represents the percentage of surveyors

Pound:
The pound has regained some strength against the USD this morning after weaker non farm payroll (employment) data weakened the USD. Against the Euro we are trading within similar ranges as Friday, within 1.11, as investors remain wary of the UK’s mounting public debt burden and weak economy, in additions to concerns surrounding political uncertainty.

Pound:
The pound has regained some of it’s losses after falling to the lows of the week yesterday. The BoE did nothing to surprise the market yesterday and in line with forecasts paused on QE and interest rates. Many economists are now expecting February to be a critical month for the pound with the release of

Pound:
The pound has fallen this morning against the majors after initially regaining recent losses as we lead up to the Bank of England decision at 12pm. We have already seen some positive news for the UK economy this morning with Halifax confirming house prices in the UK have risen for the sixth consecutive month in

US Dollar:
The Dollar was down marginally against Sterling and the Euro this morning as rising commodity prices and recent strong U.S data encouraged purchases of higher risk currencies and the selling of the Dollar. Margins were still tight and little solid movement is expected before the U.S non-farm payroll data on Friday or possibly preliminary

Pound:
The second day of a New Year and I am rather fearfully reporting (I don’t like delivering bad news!) that sterling has lost once again it’s recent gains against the Euro and USD in addition to a basket of other currencies. The point made previously over political uncertainty leading up to the general election in