Foreign Currency News Updates

September saw more attention than usual on the French banks as the media spotlight turned on those banks holding large quantities of Greek debt. Of the main banks under scrutiny, Crédit Agricole, has the most exposure with approximately €21 Billion in local exposure, whilst Société Générale has approximately €6 billion in local exposure and government

POUND
The Pound hit a one week high on the U.S Dollar this morning and was up by 0.4% on the Euro after an official from Swiss National Bank (SNB) said the central bank would increase its sterling assets in a year. “Those comments from the SNB are one more reason why we think sterling will

POUND
The Pound rose to over a percent on the U.S Dollar this morning, tracking the Euro’s gains on the greenback after investors speculated that Germany would assist with a new bailout program for the Euro zone in an attempt to deal with the burgeoning debt crisis there. Against the Euro, the U.K currency was on

POUND
The Pound came back from previous lows against its main counterparts this morning but faced a slight setback after 09:30GMT as Bank of England Member Ben Broadbent spoke negatively of sterling suggesting it would stay low for some time as inflation would be under pressure with the global economy weak as it is. The markets

POUND
The Pound came back from a 1 year low against the U.S Dollar this morning but remained firmly on the back foot as traders frantically booked the U.S currency as it rallied following weak U.S data that pointed to wider global economic issues. Concerns over riskier assets with the global economic recovery looking sluggish following

POUND
The Pound slipped against the other majors including the Euro and U.S Dollar this morning but stopped short of a slide as the MPC Meeting minutes showed interest rates and the asset purchase programme would remain on hold. Adam Posen was the only vote against the proposition, voting in favour of raising the programme by

POUND
The Pound corrected from its 8 month lows against the U.S Dollar but remained under broad selling pressure ahead of the MPC Meeting minutes release tomorrow, trading in tight ranges against the Euro, falling a little behind as the prospect of further QE continues to weigh on the U.K currency.
The Pound had the advantage

POUND
The Pound took back some of its recent losses against the Euro this morning as the single currency continued to underperform in the run up to the weekend with traders selling off positions to safeguard their profits.
Against the U.S Dollar, the Pound was still on the back foot as the greenback continued to attract

POUND
The Pound managed to claw back some of its losses from the Euro this morning after dropping yesterday following action from key central banks to pump money in to the European banking system. The losses were short-lived, as concerns over Greece and wider fiscal debt issues in the region still weighed on the single currency.
The

POUND
The Pound fell to an 8 month low against the Dollar overnight, and was down by a cent on the Euro this morning as concerns grew over the impact of the Euro zone’s debt on the U.K, especially if the BofE decide to increase monetary stimulus as a result. “If the euro area gets toppled,