Foreign Currency News Updates

POUND NEWS
The pound has bounced back from yesterday’s five month low against the Euro aided by concerns surrounding the debt crisis in the Euro zone despite the fact expectations are firmly on for UK rate rises to happen later this year and after the Euro zone. Growth data out yesterday for the last quarter of

POUND NEWS
Sterling has made another poor start to the week, seeing further falls against the Euro and US Dollar as Thursday`s poorer retail sales figures helped discourage investors from placing funds in the UK. The fragile state of the UK economy has created some nervousness surrounding tomorrow’s key economic releases including the final GDP figure

POUND NEWS
The pound is trading rapidly lower this morning against the Euro and US Dollar immediately after worse than expected retail sales data. This provided another blow after the government cut its economic growth forecast for this year whilst announcing the budget yesterday. The Bank of England minutes also released yesterday indicated the same level

POUND
Sterling is trading lower this morning against the euro and USD after the BoE minutes highlighted the voting pattern in the last meeting was the same as last month with three members. Andrew Sentance, Spencer Dale and Martin Weale all voted for an interest rate hike, with no further swing towards raising rates. “It looks

POUND
Sterling is continuing to trade well into 1.14 vs. the Euro struggling to make any gains whilst rallying into 1.63 against the USD. Markets await inflation data form the UK due out at 9.30am with economists forecasting a further jump from 4% to 4.2% more than double the BoE target. Currently investors are pricing in

POUND
Sterling has started the week trading up slightly against the Euro to 1.1469 and back into 1.62 vs. the USD. The rightmove house price data out yesterday showed a slight increase in house prices last month by 0.8%, but down on the 3.1% figure seen last month. This week could be a tough one for

POUND
Sterling has begun the day trading lower against the Euro, down 0.20% whilst trading much stronger against the USD to 1.6150. The pound traded weaker yesterday after concerns persisted surrounding the economic recovery and continued risk aversion over Japan’s nuclear crisis. Investors now seem to be increasingly scaling back interest rate expectations on the back

POUND
Sterling has steadied against the Euro and USD this morning with a bounce in Tokyo shares providing appetite for riskier currencies after yesterday’s initial fears of a nuclear crisis reduced investors expectations for an early interest rate rise in the UK. Some investors have reduced their expectations for the Bank of England to raise interest

POUND
Sterling is trading significantly lower against the USD this morning and marginally down against the Euro as investors flee risky currencies like the pound in favour of the global USD. Uncertainty surrounding Japan’s ongoing nuclear crisis encouraged investors to move away from sterling, made worse by this morning’s change in house prices from the department

POUND
Sterling is continuing to trade lower in the currency markets, breaking into 1.15 against the Euro and within 1.60 against the USD. The bank of England kept rates on hold as many expected yesterday but this has done little to support the pound as the guessing game continues over when our central bank will make