Foreign Currency News Updates

POUND
The Pound was holding its own against the Euro this morning after a threat to Spain’s credit rating and reduced confidence in the single currency put pressure on the Euro. The U.K currency was down against the U.S Dollar however, after tracking the Euro’s losses on the greenback as many investors adopted a risk averse

POUND
The Pound was trading near flat against the Euro and lost a little ground on the U.S Dollar after U.K Industrial Orders were far less than forecast. The news wasn’t enough for the Pound to sustain losses against the Euro but the U.S Dollar was afforded a correction after yesterday’s losses even though issues concerning

POUND NEWS
The Pound was held up against the Euro this morning with positive GDP figures yesterday supporting the U.K currency. Against the U.S Dollar, the Pound shot up to a six week high as the ailing Dollar was put under further pressure as U.S policymakers remain deadlocked over raising the U.S debt ceiling just one

POUND
Sterling has recovered since the release of UK growth data at 9.30am moving back into 1.13 against the Euro and continuing to build on gains vs. the USD having hit a high of 1.6413. In general terms the growth figure out today although not worse than expected continues to indicate a gloomy picture for the

POUND
We are seeing little moves for sterling against the majors this morning ahead of the first round of UK GDP (growth data) for the second quarter of this year. A leading economist predicts UK growth at 1.2% for 2011, a slowdown form last year’s 1.3% and in sharp contrast to previous years which have seen

POUND
The Pound was boosted against its main counterparts yesterday morning after retail sales were higher than expected. Against the Euro the rally was short-lived however after E.U leaders offered €159 billion in new aid to Greece, helping to stem investors’ concerns for the fiscal state of other nations in the Euro zone. The news gave

POUND
Sterling is managing to hold it’s current position against the Euro and USD after mixed economic data this morning. The pound was aided yesterday by less dovish BoE minutes with members voting 7-2 in favour of no change in the current 0.5% interest rate. The MPC highlighted short-term pressures from food and energy as factors

POUND
The Pound was steady against the Euro and U.S Dollar this morning as the Bank of England Minutes released this morning for the July 7th meeting showed an expected 7 members against 2 in favour of no change on keeping interest rates at a record low. “I expect to see a shift toward the dovish

POUND
The Pound lost ground on the Euro this morning but gained on the Dollar after positive comments from Germany regarding the upcoming summit on Thursday and the E.U’s potential to resolve this debt crisis supported the Euro in early trading. The Pound reached a one and a half month high on the Euro yesterday as

POUND
The Pound was down against the Dollar this morning after a U.K Rightmove House Prices report showed a decline in July. The Pound still remained above the 1.60 level however, and advanced on an ailing Euro as fears were raised that E.U ministers wouldn’t be able to contain the growing Euro zone debt crisis in