Pound:
Sterling is continuing to trade in a calmer tone after making some small gains late on Friday. The UK is not short of interesting news articles this morning starting with the Telegraph reporting that UK shoppers “could face VAT on food” of between 3 and 5% in a bid to raise billions of pounds in
Pound:
Sterling has failed to recover significantly from major losses in the last week as the Bank of England holds interest rates and QE at their current levels.
In more downbeat news for the UK, the Independent reported that fears are growing of a double dip in the UK housing market after Halifax announced a 1.5%
There were a number of key meetings and announcements today that looked to give some indication on the financial state of Britain and the Euro Zone.
Kicking things off at 12:PM, the BoE announced its interest rate decision and there were no surprises as the rate was held at 0.50%. Following on from that, more
US Dollar:
The Dollar was down against the Euro yesterday as upbeat news from the Euro Zone saw investors move away from the Greenback and into the Euro on an increased appetite for risk. However, this morning sees the Dollar marginally up against both the Euro and Sterling.
The euro dropped to $1.3665 as of 6:30 a.m.
US Dollar:
Much of the gains seen by the Dollar versus both the Pound and the Euro have been reversed. Against the Pound, the Dollar is down 0.22% in morning trading as many investors and traders have concluded that the sharp losses incurred by Sterling at the beginning of the week had gone far enough. The
US Dollar:
The Dollar is up against both the Euro and Sterling in light trading this morning. The strength of the dollar continues after a very poor performance from the Pound on Friday. After falling over 1% in trading, the pound continues its fall against the Dollar, currently down 0.49% as of 08:42 GMT. Whilst U.K
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