Foreign Currency News Updates

POUND NEWS
The pound is free of any UK data today but has still managed to fall slightly against the Euro whilst remaining flat vs the USD. MPC member Weale who was one of the two hawks (in favour of rate hikes) amongst the minutes highlighted his concerns over the recent growth numbers saying an increase

POUND NEWS
Sterling has fallen this morning after a big drop in consumer confidence, indicating the latest round of government spending cuts and the VAT rise is hitting consumers pockets. The actual data issued by Growth from knowledge (GFK) was far lower than the –20 forecast at –29, the sharpest fall since 1992 and the lowest

POUND NEWS
The pound has managed to keep some of it’s recent gains against the Euro and USD after yesterday’s more hawkish Bank of England minutes provided some respite after a disastrous day on Tuesday. The minutes showed that two policy makers, Martin Weale (new hawk) and Andrew Sentance voted for a 0.25% rise in UK

POUND NEWS
The pound is trading slightly lower this morning against the USD, down 0.37% to 1.5943 whilst marginally up vs. the Euro to 1.1758. There is no UK data due today but already fears are growing that the economy is running the risk of “stagflation” if GDP figures out tomorrow highlight a reduction in growth

POUND NEWS
Sterling fell yesterday against the Euro and USD after the US benefited from strong housing data and the Euro saw big inflows (buying). UK data yesterday was far from positive, a CBI (confederation of British industry) survey highlighted an unexpected fall in orders for January to -16 (-1 expected) revealing a slow down in

POUND NEWS
The pound has regained the majority of it’s losses made against the euro towards the end of last week, up 0.86% to 1.1950 and is trading slightly down against the USD to 1.5846. The only data release out last night from rightmove, highlighted a rise in UK house prices of 0.3% as the number

POUND NEWS
The pound has lost out significantly against the Euro, trading down by over two cents in the last day. Sterling reached a low of 1.1770 vs. the Euro whilst the single currency also made significant gains against the USD. The Euro has continued it’s rally from yesterday afternoon after solid government bond auction results

POUND NEWS
Sterling has fallen by 0.21% against the Euro this morning, currently trading at 1.1972. The pound held above 1.20 vs. the Euro yesterday despite the UK trade balance figures showing the budget deficit had increased to £8.736 billion with the UK importing more than expected. The pound remains trading strong against the USD into

POUND NEWS
Sterling is continuing to trade above 1.20 against a struggling euro as debt concerns persist whilst prospects of an interest rate hike in the UK support the pound. “Public policy tensions over rising inflation pressures and a necessary BoE policy response are lifting sterling. We see further sterling upside as this driver gains greater

POUND NEWS
The pound is continuing to hold above 1.20 against the Euro and 1.55 against the USD despite losing some strength in early morning trading. The pound is close again to a four month high against the Euro as sovereign funding concerns continue to hamper the currency. Some market participants are forecasting further gains for