Foreign Currency News Updates

Pound news:
The pound is trading higher against a weak Euro but has hit over a one year low against the US Dollar in early morning trading, as weak house price numbers and renewed concerns of the state of public finances persist.
The Rightmove house price index for May came in at 0.7% against April’s 2.6% showing

Euro news:
The Euro performance has been interesting to watch as the debt crisis continues to plague the region and as such the euro has tumbled against the dollar to a current price of $1.2504. Conversely, the markets view the Sterling situation as comparatively worse, with Sterling thought of as overpriced, as the euro gains 0.23%

Pound news:
Looking at the markets paints an interesting picture for Sterling. Against the euro Sterling is very much holding in the mid €1.17 levels and has done for the last three days. The high of the day has been €1.1764 and the buy price is currently €1.1735. Issues surrounding the euro and Sterling are well

Pound news:
Regardless of what happens in the global arena the markets will always take the pessimistic view. This is most apparent today as the markets have immediately suggested that the new government will not have the determination or ability to see through some stern measures to curb U.K debt. The markets this morning reveals Sterling

For the last 3 weeks all eyes were on the outcome of the election and whether or not it would produce a hung parliament. As we approached the election date Sterling took a dive hitting lows against the U.S dollar and coming away from its highs against the Euro.
We are now well passed election

Pound news:
After a brief rally on the coat tails of the euro the Pound found substantial headwinds for further appreciation as news of Gordon Brown’s resignation hit the wires. The news arrived after the equity markets in London had shut but New York and Asia continued to sell the Pound and as a result all

Euro news:
The euro is positively marching ahead as the news of a $1 trillion package caught the markets unawares. As such the euro has and continues to rally hard against both Sterling and U.S dollar. Across the board the euro is up against a majority of its traded pairs. The big move comes against the

Pound news:
The pound has taken substantial losses in the FX markets over the last three days as it slumped to a low of $1.45 today. It has recovered by two cents in morning trading, however this still leaves it trading at $1.4713 with a long way to go before reaching inviting levels of $1.5350 and

Euro news:
For some time the euro held strong against the dollar despite all the eurozone problems and comments that it would drop to $1.25. Yesterday was particularly bad for the eurozone in general as stocks fell sharply and bond yields widened as investors rushed to take their money out of European assets. Consequently the euro

Pound news:
Yesterday trading was very choppy as Sterling slid throughout the day to weak levels not visited for a long time. However, a very late rally saw sterling claw back some of the losses to come back into the $1.51 level.
Trading this morning is very flat as the day’s change so far is currently at