Foreign Currency News Updates

POUND
The Pound was boosted against the Euro and Dollar yesterday after a GDP report showed the U.K economy grew by 0.5% in the first quarter of 2011. Whilst there was disagreement between political parties as to the importance of this data and what exactly it showed, it did at least keep at bay those that

POUND
Sterling was down against the Euro and Dollar this morning as the single currency took the lead in early trading ahead of U.K GDP data at 09:30GMT that is forecast as upbeat. If the data is weaker than expected it dampens the prospect of a U.K interest rate rise in the near future and could

POUND NEWS
Sterling was up near to a 16 month high against the Dollar after positive British retail sales data released last week continued to buoy the U.K currency against its U.S counterpart. The pound was held back from further gains however after Bank of England policymaker Martin Weale said Britain’s economic recovery was disappointing in

POUND
Sterling has made a significant push against the USD this morning reaching a 16 month high of 1.6562, whilst remaining relatively stable against the Euro as uncertainty over interest rate hikes drag on. There has been a clear return to risk appetite over the last few days which has seen a sell off in the

POUND
Sterling has started the day trading sharply down against the Euro breaking through 1.13 into 1.12 whilst managing to hold strength against the USD in the 1.63 region. The MPC minutes recently came out with a 3-0-6 vote the same as last month and as expected, the majority of MPC members continue to support rates

POUND
Sterling is currently trading flat against the USD but has remained above 1.14 against the Euro after rallying over a cent late yesterday. The pound although weaker against the USD after the market became risk averse took full advantage of overall Euro weakness yesterday seeing a surge in late trading as investors pilled money into

POUND
Sterling is trading slightly up against a weaker Euro today but has lost over a quarter of one percent vs. the USD despite improved house price data from Rightmove. The release which came out overnight, highlighted an average increase of 1.7% compared to 0.8% last month but on it’s own, this is not enough to

POUND NEWS
Sterling managed to rally against the Euro yesterday, back above 1.13 after slightly better consumer confidence data and market speculation that Greece and Ireland may be forced to restructure their debts. This morning has seen sterling manage to remain just above 1.13 as the Euro’s overall strength is reinforced by it’s interest rate advantage

POUND NEWS
Sterling has started this morning off trading a little better against the Euro and is managing to make more progress against a significantly weaker USD. Nationwide consumer confidence out overnight was surprisingly better than expected, helping give sterling a little lift. Retailers are still continuing to suffer from a reluctance by UK consumers to

POUND NEWS
Sterling remains vulnerable this morning trading down to a low of 1.1205 against the Euro and 1.6245 vs. the USD. The market did not take the CPI number well yesterday as lower inflation signalled less of a demand to raise interest rates leaving the UK lagging behind Europe. The situation was also worsened by