Foreign Currency News Updates

POUND NEWS
The pound had a strong day in the markets yesterday as stronger than expected numbers for GDP took the market slightly by surprise. The market was initially looking for growth of 0.4% for the quarter but the economy had actually grown by 0.8%. Naturally the markets were quick to jump on Sterling in order

POUND NEWS
Sterling is looking stronger on the markets ahead of the GDP number due at 09:30. Against the euro we saw a dip to €1.1190 yesterday, perhaps some traders very cautious over the GDP number. However, the markets seem to have more confidence in the Pound as morning trading takes the pair higher by 0.45%

POUND NEWS
Sterling is looking very weak in the markets this morning as a snap shot of its performance against all its major trading partners reveals that it is trading lower against all of them. This does not often occur but such is the damage done by the budget speech that every other currency is looking

POUND NEWS
Sterling has lost some ground against the dollar as the markets now adjust to the thought of more Q.E from the Federal Reserve. The current price in the mid $1.58 range is some way off the $1.60 levels we saw last week but many traders have cited the dollar weakness as over done.
Trading

POUND
The Pound is doing very little in the FX markets as the week draws to a close. Against the dollar it has climbed and held a $1.60 price level but further gains may be hard to come by as GBP/USD moves have been driven solely by USD weakness. The low of the day signals a

POUND NEWS
Sterling is performing better against the Euro this morning at 1.1470 (+0.29%) but down against the USD at 1.5803 (-0.48%) as data out over night fails to impress the market. The September RICS house price number came out worse than expected at -36% vs -34% forecast, with the biggest falls seen in Northern Ireland

POUND NEWS
Sterling is either doing very well or very badly depending on what you are trading against. The Pound is continuing to hold a very strong position against the dollar, relative to the outlook for the U.K economy, and despite trading marginally lower this morning still commands $1.5930 on the market. We have very briefly

POUND NEWS
The pound is continuing to struggle in the currency markets this morning after yesterday’s mixed UK economic data. Sterling is currently trading at 1.1376 against the Euro, down 0.19% and 1.5835 against the USD, down 0.28% away from the two month high of 1.60 seen yesterday. The pound started the day nervously yesterday before

POUND NEWS
The Pound appears to have no direction to speak of and as such we are now seeing a huge gulf in GBP/USD and GBP/EUR performance. Against the dollar the Pound has continued to climb higher this week, today’s gains take the pair to $1.5925 on the market and up 0.17% for the day. This

US DOLLAR NEWS
Risk sentiment continued to push back the Dollar against the Euro this morning as growth in Asian markets and Europe eclipsed problems in the U.S. “It`s a perfect storm for risk and Asian currencies to perform well. The U.S. is struggling with low inflation and high unemployment so there`s a lot of focus