Foreign Currency News Updates

Euro news:
The single currency is ever so slightly losing ground against its major trading pairs on fears that we are about to see a global slowdown that will send the euro zone heading towards the risk of a default. Despite showing no change for the day the euro has slipped from a high of $1.3268

Pound news:
Sterling has slipped slightly from its promising levels yesterday, a rally took the Pound up to €1.2229 against the euro having been held at €1.21 levels for some time. Subsequently Sterling has now dropped to €1.2190 on the market reflecting a -0.16% move lower.
At 09:30 we have revised GDP, this is not as crucial

Euro news:
The euro is once again under pressure as global fears now sweep the market. Having promised to keep quiet in terms of rating sovereign debt, the ratings agencies have become bored and as a result Ireland is the first to suffer as Standard & Poor cuts Ireland to double-A-minus with the outlook negative. This

Pound news:
Yesterday was quite a promising day as Sterling rallied well against the euro and held on to $1.55 against the dollar. Unfortunately this was not a trend for the long term and the corrections are very apparent this morning. Sterling is down heavily against the vast majority of its traded pairs and trading looks

Pound news:
Sterling is registering gains against the majority of its major traded pairs this morning but this rally, so to speak, is largely a correction from falls in the previous week. Trading has been choppy for the Pound as data has both disappointed and surprised for the U.K economy.
Against the U.S dollar today’s move higher

US Dollar news:
As we end the week there has been cause for volatility in the FX markets on several occasions but overall the major currencies are little changed. Against Sterling the dollar is slightly stronger this morning which takes the price to $1.5569 having closed lower at $1.5639 yesterday. A foray into $1.56 has been

Euro news:
The euro is trading flat against the Pound but over the last two months this has been of little surprise as GBP/EUR trades around €1.20 briefly testing €1.21 whilst on occasion dipping to €1.19. Today is no different as Sterling holds the €1.2080 level. Overnight the euro did slip to €1.2115 but the relative

Euro news:
As previously mentioned the euro has been ticking lower over the last 5 days against the U.S dollar as fears of a double dip recession gives the single currency a sell bias. However, a research note from BNP Paribas has suggested that having held above $1.2734, a major support level, the currency could bounce

Euro news:
The Euro remains weaker against the pound amongst ongoing concerns with economies in the Euro zone, even though German GDP data was much stronger than expected on Friday. This is a bad sign for the Euro which is still viewed upon as a risky bet for investors.
The Euro looks particularly vulnerable against the US

US Dollar news:
The USD is trading lower this morning against the pound and flat against the Euro as concerns surrounding the US economy intensify. Unemployment figures released yesterday highlighted a slight rise in the number of newly unemployed in the US, initial claims was forecast at 465k but came in at 484k.
The telegraph newspaper reported