Foreign Currency News Updates

POUND NEWS
Yesterday proved to be a dismal day for GB Pound / Euro as the pair slipped to a €1.15 level in the afternoon session. The fall to €1.1585 marked a four month low for the Pound. Having hovered around the low €1.16 area for much of the morning a slip lower was almost inevitable

Pound news:
Yesterday was a text book example of how comments from influential figures can severely disrupt trading patterns. The previous week Sterling had traded at a low of €1.1655 but had bounced off this level and by yesterday morning was trading in the high €1.17 level and looking to test €1.18. Data on the trade

Euro news:
The euro starts lower this morning against the dollar but despite this the single currency still trades comfortably above $1.34. As long as the U.S continues to disappoint the euro will hold or improve on this price level. Having climbed as high as $1.3493 in late trading in New York the euro is now

Euro news:
The single currency ends the week by giving up a little ground to both GBP and USD but these losses are minimal and the euro remains trading at the upper end of its recent trading range. As previously mentioned the euro has conceded to the Pound but out of the two the euro still

Pound news:
The divergence between the dollar and euro is growing ever wider as yesterday saw the Pound take some substantial losses against the euro but hold against the dollar. At one point Sterling was trading at €1.1655 which is a considerable move lower from the €1.20 range we had been seeing for some time. The

Pound news:
A push and pull scenario is now in full effect in the currency markets as Sterling has no strength or purpose of its own in order to dictate its own path. Looking firmer against the dollar the Pound is now back up into the very high $1.56 region and could see a push through

Euro news:
The euro has had its fair share of the headlines and for all the wrong reasons lately, however, with all eyes on the U.S for today the single currency may have bought itself a tiny bit of breathing space. I don’t think this rest period will last for long though as the markets are

Pound news:
Sterling still remains under pressure as it now settles in the €1.1950 range on the market. The highs and the lows show tight trading ranges for GBP / EUR and the test of €1.20 this morning suggest that Sterling may have trouble breaking through to €1.20 as the Pound bounced off €1.1997. Looking at

US Dollar news:
The end of the week brings about some interesting early morning Forex moves to be aware of. The first is the steady and continual rise of the euro against the dollar. As I mentioned yesterday the break of $1.292 signalled a possible move higher and move higher is what EUR/USD has done. As

Pound news:
Yet more leaking from the Pound as the low of the day sees the euro push Sterling towards a price in the €1.1890 level. For the time being the Pound has held just above this with a price of €1.1908 but even so the trend for the last few days had been Sterling weakness.
Yesterday