Foreign Currency News Updates

POUND NEWS
The currency markets, as expected are trading relatively quietly before the Christmas break with sterling trading marginally up against the Euro and USD. There is no UK data expected today which is a relief for sterling after more recent poor UK economic data. In terms of news, the telegraph newspaper has sent out a

POUND NEWS
The pound suffered heavily yesterday against the dollar after weaker than expected third quarter growth numbers reminded market participants than the UK economy remains vulnerable. Movements down for sterling were also exaggerated in a thinly trading market as traders leave their desks for the festive season although sterling managed to comfortably stay within the

POUND NEWS
The Dollar was firm against Sterling after poor UK public borrowing figures wiped off the Pound’s value across the board. The greenback slipped slightly this morning against the Euro however, as previous highs were corrected, although there doesn’t seem much prospect for a Euro rally against its U.S counterpart any time soon. The Dollar

POUND NEWS
The pound rose against a weaker euro yesterday in what was generally a light trading day, with the single currency continuing to suffer from concerns over debt. The pound’s ability to make any significant gains had been halted by the UK’s exposure to the Eurozone. The currency markets are now seeing a big drop

POUND NEWS
The pound came under renewed pressure last week as fears over the health of the UK economy returned after what has been a relatively solid start to December for economic data. Concerns resurfaced after figures showed UK unemployment and inflation were both rising, while consumer confidence has started deteriorating. It is still very much

POUND NEWS
The pound has fallen dramatically against the USD in the last 24 hours after grim employment data in the UK saw a sell off in sterling with the number of people out of work rising by 0.2% to 2.5 million, the highest number since the start of 2010. Against the Euro, sterling also fell

POUND NEWS
The pound has hit it’s highest level against the USD since Nov 23rd this morning reaching 1.5906 but remains weaker against the Euro falling 1% yesterday. The pound suffered throughout the day from weak house price data released by rightmove and Charlie Bean (deputy governor) a Bank of England policymaker indicating that further Quantitative

POUND NEWS
Sterling is currently trading down by 0.38% against the Euro and USD before the release of key UK manufacturing inflation data at 9.30am. There is expectation for this data to show a rise of 8.3% (year on year) whilst tomorrow’s main inflation number (CPI) has been forecast to stay the same at 3.2% with

POUND NEWS
Sterling remains strong in the currency markets, trading to a high of 1.1943 against the Euro and above 1.58 vs the USD, a percentage move of 0.34% on the day against both currencies. This comes after the Bank of England unsurprisingly left interest rates on hold and QE at £200bn yesterday afternoon after a

POUND NEWS
This morning has seen a stronger looking pound against the Euro, continuing yesterday’s strength by hitting 1.19. The pound against the USD is however doing the opposite, reaching a low of 1.5670 and currently trading just above 1.57, down 0.26%. Yesterday saw mixed economic news in the morning with stronger manufacturing production numbers but