Foreign Currency News Updates

POUND
Sterling has started to slide significantly against the USD this morning and made minor gains vs. the Euro. This morning has seen a fall in business confidence to the lowest level since March 2009 with a report from the CBI highlighting that business services have reached 21 month lows. In other data individual lending data

POUND
The Pound fell to new lows against the Euro and U.S Dollar this morning after a sovereign buying account bought out a large amount of Euros for their month-end requirements.
CBI Industry data in the U.K was weak yesterday, putting further pressure on the U.K currency. “The CBI survey was pretty close to expectations which

POUND
The Pound fell to new lows against the Euro and U.S Dollar this morning after a Nationwide Consumer Confidence survey released early this morning was at a three month low, highlighting consumer’s ongoing concerns over the ailing U.K economic recovery.
Losses were tempered against the U.S Dollar however ahead of a speech by Fed Chairman

POUND
The Pound was up again on the Euro this morning as a fall in European stocks and fears over the worsening Euro zone debt crisis lent support to Sterling against its Euro zone counterpart in early trading.
Against the U.S Dollar, the Pound was also holding its own, although it came off earlier highs as

POUND
The Pound shrugged off the unanimous MPC vote for no change on interest rates yesterday to hit a 3 ½ month high on the Dollar and a 2 month high on the Euro this morning.
Whilst U.K retail sales data released this morning at 09:30GMT was slightly under forecast at 0.2% rather than 0.3%, the

POUND
The Pound lost all of its gains on the Euro and U.S Dollar this morning after Bank of England meeting minutes were released showing a unanimous vote of 9-0 for keeping interest rates on hold at 0.5%. “Sterling has been gaining in the past few days, but that`s a bit unjustified because of weak UK

POUND
The Pound was down slightly on the U.S Dollar this morning ahead of a U.K inflation report that is expected to show that inflation has risen due to higher energy costs, a sluggish economy and government spending cuts. The Pound was sold off this morning ahead of the report, but managed to hold its own

POUND
The Pound was trading in tight ranges this morning after a weekend of little movement for the U.K currency, although worse than forecast house price data released early this morning put the pound on the back foot against its main counterparts this morning. A ‘Rightmove’ house price survey showed a fall in house prices in

POUND
The Pound fell against the Euro and U.S Dollar this morning as a weak outlook for the U.K economy dampened investor confidence over the U.K currency. “There was some talk of sterling becoming another reserve currency due to debt problems in the U.S. and the euro zone, but the UK has problems on its own

POUND
The Pound prevented a slide against the Euro this morning after the risk of Euro zone debt contagion weighed on the single currency, but was still down from earlier in the week and lost over 1% against the U.S Dollar as the Bank of England cut its economic growth forecast. “Sterling is caught between a