Foreign Currency News Updates

POUND NEWS
Sterling continues to rally strongly against the Euro for a second day up 0.57% to 1.1931 whilst trading down by 0.29% against the USD to 1.5526. Investors have been dumping the single currency on concerns that other Euro zone nations including Portugal may also require help. The pound yesterday did however, fail to capitalise

POUND NEWS
The pound has started the week trading lower against the Euro (1.1764) and USD (1.5610) as the market shies away from riskier currencies. According to hometrack’s latest update, UK house prices fell for a fifth month in November as demand for property dropped the most in almost two years. “Concerns over the economic outlook

POUND NEWS
The pound has just settled against both the euro and the dollar as the week comes to a close. Against the euro, the pound has failed to advance any further than €1.1820 on the market. This is very close to where we were yesterday and signals that the furore in the eurozone has been

POUND NEWS
Having dipped to the €1.17 level yesterday, sterling has now recovered back to €1.1820 on the market. Obviously, the pound is trading higher as problems in Ireland continue to dominate the news. It has to be said that the pound is making slow progress in trading higher. Having reclaimed a €1.18 level in yesterday’s

POUND NEWS
The pound is trading with a mixed pattern for the third day as events elsewhere hugely dictate how sterling performs. Against the dollar, the pound has put up little resistance and consequently finds itself trading with a high $1.57 handle. A slight push in favour of the pound could see a reclaiming of $1.58

POUND NEWS
The pound has forged a steady path in the FX markets this week and today appears to be a slight break from the norm as it gains slightly on the dollar but loses ground against the euro and the commodity currencies. In what was a relatively calm day yesterday, the pound traded a mixed

POUND NEWS
The pound was subject to sharp movements in the FX markets as conflicting views on inflation saw sterling rally well mid afternoon but then dropped by over one percent following comments from Mervyn King. At 10:30 the market was looking for inflation at 3.1%, however, 3.2% was the actual number and as such

POUND NEWS
Much like the dollar, the pound is little changed this morning as the equity markets open in the U.K. Against the dollar there is a clear trading pattern to the pair which keeps GBP/USD within 75pip range and very much within $1.60. At the moment the pair trades with a $1.6035 handle with sterling

POUND NEWS
Sterling is continuing its good form from last week and is holding a $1.60 level despite the dollar performing well on this Monday morning. The fact that sterling climbed over the weekend has cushioned the -0.30% fall but nevertheless a current price of $1.6060 would suggest that there is enough in the price to

POUND NEWS
Off the back of mounting euro zone concern the pound continues to push ahead on the single currency, the pair now trading with a €1.1785 price on the market. Already the high of the day indicates a €1.1831 handle and as such we may re-visit that level if momentum can swing back in favour