Foreign Currency News Updates

Euro news:
The biggest development in the euro has been the positive reception from the sale of €1.625 Billion in Greek bonds. There were some fears that Greece would find it difficult to go to the money markets but the recent bond auction shows that those fears were unfounded. “The sovereign debt crisis in Europe is

Pound news:
Having started the day below $1.50 Sterling rallied through the day to close at $1.5014 yesterday. However, getting to and then over $1.50 looked like hard work as overnight trading saw Sterling climb slightly higher then dip under $1.50. Unfortunately it looks like today will see the Pound bounce either side of $1.50 if

Pound news:
Looking at the markets this morning it would seem that Sterling has run out of steam in its battle to climb versus the Euro and the dollar. Against the US dollar we have slipped to below $1.50 levels, but more worryingly UBS have issued a recommendation to sell Sterling against the dollar as they

Pound news:
As we head into the weekend the performance from the Pound over the last 5 days has not been particularly spectacular. Against the euro we have gradually slipped under €1.2000, last seen on Wednesday, to currently trade at €1.1956. This has been due to euro strength rather than Sterling weakness but even so holding

Pound news:
To start with the better news, Sterling hit a two month high against the dollar, registering $1.5241 the highest since May. We have subsequently moved lower in this morning’s trading to rest at $1.5171 for the time being but there is plenty of action today to see GBP/USD fluctuate.
At 09:00 we have the Halifax

Pound news:
The pound seems to be unable to hold strong levels as it moves lower this morning against both the euro and Sterling. As of late GBP/EUR trading has been very uneventful, the highs of €1.2385 last week have been and gone and Sterling seems to have settled in the 1.2000 – 1.2020 region for

Euro news:
Once again we find ourselves in a position whereby the current EUR/USD price does not reflect the underlying sentiment of euro zone conditions. As has been stated many times before, the outlook on the euro remains bearish yet recent trading prices are no doubt stretching those who have shorted the single currency. This morning

US Dollar news:
The dollar is likely to be relatively quiet as it is a public holiday in the states, thus equity markets are shut all day. However, looking at the markets the dollar is edging higher against both the euro and Sterling,
Sterling has maintained the $1.5160 levels despite being -0.15% down as we start the

US Dollar news:
The US has continued to weaken against the pound this morning on speculation that today’s non-farm payroll data will show a weak reading highlighting continued stress in the US economy. This sentiment in the foreign exchange markets has seen a negative impact for the USD across the board seeing multi-month lows against the

Pound news:
After a very promising two days of trading for Sterling, corrections in the market place are starting to occur as the Pound moves back down to lower levels that have been regularly visited in the past. Having stormed off to a high of €1.2385 Sterling has edged lower to currently trade at €1.2158 and