Foreign Currency News Updates

Pound news:
After what was a decent rally against the U.S dollar Sterling finds itself lower against the U.S dollar and well and truly in the $1.46 level. This is a fairly significant drop overnight seeing as the price at equity market close was nearing the mid $1.48 levels. The main driving force for this fall

Pound news:
As the outlook for the U.K appears to brighten, Sterling moves up on the U.S dollar to record some noteworthy gains in yesterday’s session. Going into the weekend we were looking at a price of $1.4518 so a high of  $1.4821 showing a three cent move is worth noting. This morning Sterling has edged

Pound news:
Sterling put on a very strong showing in the markets yesterday with a climb of 1.3% on the dollar as it pushed into the $1.47 levels with $1.48 looking like a possibility. $1.48 appeared to be a little optimistic however as the session came to a close with Sterling at $1.4770 at 16:30 London

Pound news:
After a tumble during trading on Friday following on from weak industrial data, the Pound has recovered well to trade back in the $1.4650 area. Friday’s session was a mixed bag, at one point Sterling touched $1.47 however it did not have the momentum to stay there and consequently found itself at $1.4518 at

Pound news:
Having started the week at $1.4491 the climb to $1.4705 over the last 5 days has come as welcome relief for those buying the dollar selling Sterling. Unfortunately these levels are not so attractive considering recent past prices. The rally has come off the back of an initial over sell-off midweek and as a

Pound news:
Sterling has recovered well following the warning from ratings agency Fitch. In fact, the support we are seeing for the Pound is as a result of the market viewing the initial sell-off as an overreaction. “The market has concluded that the reaction to Fitch was overdone because it was not new news at all,”

Pound news:
Sterling took heavy short term losses yesterday after ratings agency Fitch said that the challenge ahead was a formidable one in reference to controlling and reducing the U.K debt. As a result in afternoon trading Sterling dropped to a low of $1.4346 having been in the high $1.44 region at the start of play.

Pound news:
Off the back of renewed confidence for the global recovery Sterling has edged out a lead on the U.S dollar to trade up 0.21% at $1.4495. Trading for the week so far has been relatively quiet for GBP/USD with yesterday showing a price difference of 10pips between market open and close in London. At

Euro news:
The euro looked to be heading into Fridays trading session with little cause for volatility. This was clearly not the case when Hungary announced that “It is no exaggeration to suggest the chances of Hungary avoiding a Greek style situation are slim”, and to make matters worse a “Hungary debt default discussion is not

Pound news:
The Pound is now back into more familiar territory versus the dollar as there is little data to go on to push Sterling forward. Halifax House Price data at 09:00 this morning could support Sterling if the numbers come out positive. However, this support is likely to be more evident versus the euro