Foreign Currency News Updates

POUND
The Pound sunk even lower against the Euro this morning after a Greek austerity vote was passed and traders took advantage of the fresh confidence in the region by taking profits on the single currency. The Pound was also on the back foot against the U.S Dollar in early trading after bouncing back yesterday afternoon.

POUND
The Pound was at an 8 week low against the Euro and still on the back foot against the Dollar as mortgage approvals were confirmed this morning as near a four month low in May at 46,000 approvals, as forecast. Net lending was up slightly but the data continues to provide no real impetus for

POUND
The Pound fell this morning against a basket of currencies including the Euro and U.S Dollar as a BofE policymaker made comments suggesting an interest rate rise was unnecessary at this time for the U.K. Adam Posen went on to say a rate rise would be ‘nonsense’ and the U.K economy was ‘at little risk

POUND
The Pound was feeling the pressure this morning after losses last week following dovish BofE comments and market expectations that the central bank would undergo another round of quantitative easing (money printing) in the near future. The news has encouraged traders to start adopting a Pound selling strategy and pull back on their bullish stance

POUND
The Pound fell to new lows against the Euro and U.S Dollar this morning after it became apparent following the release of the BofE meeting minutes on Wednesday, that the central bank would be more open to quantitative easing than was previously expected. The U.K currency took a tumble across the board on the back

POUND
The Pound was under serious selling pressure this morning, marking up losses against the Euro and U.S Dollar after Bank of England meeting minutes released yesterday confirmed dovish sentiment and a clear indication that interest rates will remain on hold for the foreseeable future. The reported rhetoric coming from the BofE policymakers was that the

POUND
The Pound was down against the U.S Dollar this morning after demand for riskier assets dwindled after the European Government chose not to confirm the latest loan payment for Greece. The Pound was steady against the Euro in early trading after it was pegged back late last week. Traders will be closely watching a Greek

POUND
The Pound fell to new lows against the U.S Dollar and was even under pressure against the ailing Euro again after weak retail sales and employment data renewed concerns over the lack of pace in the U.K economic recovery, supporting the view that the BofE would hold firm on interest rates. Risk appetite remains on

POUND
The Pound was under pressure this morning against the Dollar, dropping to a near 3 week low as Euro losses gave the Dollar the advantage in this morning’s trading. The Pound was up against the ailing Euro after support was lost for the Greek Prime Minister amidst a stall on movement for a potential second

POUND
The Pound was holding its own against the Euro this morning, whilst notching up some gains on the Dollar this morning after U.K Consumer Price Index data was on forecast showing U.K inflation stayed at its fastest since October 2008 in May. Hawkish sentiment from Bank of England policymaker Martin Weale last night over interest