Foreign Currency News Updates

French mortgage trends:
Lack of liquidity driving up French mortgage rates but transaction numbers still increasing on confidence upswing
After an extremely quiet September, traffic and enquiries are up by more than 40% in October, with many international buyers signing agreements to purchase in France for the ski season despite the continuing Euroland saga. Wednesday’s announcement of

POUND
The Pound was down on the U.S Dollar this morning after U.K house prices fell in October, but still managed to stay above the 1.60 resistance level. The average cost of a home in the U.K fell by 0.2% from the previous month prompting a slump in business expectations and pressure on the U.K currency.

POUND
The Pound steadied against the Dollar but remains at a near 7 week high following yesterday’s rally in riskier currencies with a deal struck on the Euro zone debt crisis between E.U leaders the previous day.

Against the Euro, the Pound was on the back foot as the single currency regained a foothold on its

POUND
A reluctance to makes any moves until the outcome of the Euro zone deal saw a thin trading foreign exchange market yesterday resulting in sterling trading within tight ranges against the major currencies. The release of weaker than forecast CBI industrial orders (-18 from – 9 last time) weakened sterling slightly but the majority of

POUND
The Pound maintained its strong position against the U.S Dollar, hitting a 7 week high overnight before consolidating in tight ranges ahead of the E.U summit today that has given the Euro and Pound a boost with raised optimism that a solution to the Euro zone debt crisis is near. “Sterling is back above $1.60,

POUND
The Pound stayed strong against the U.S Dollar this morning, near a 6 week high as risk appetite was renewed with fresh optimism over the state of the Euro zone coming with the E.U summit today.
The Euro was looking slightly better in early trading on the U.K currency but tight ranges were again adopted

POUND
The Pound was near a 6 week high on the U.S Dollar this morning and steady against the Euro after fresh optimism that E.U leaders could be nearer to resolving the Euro zone debt crisis in the next few days led to an unwinding of bearish bets for riskier currencies. The Pound was therefore prevented

POUND
The Pound was trading in tight ranges against its main counterparts this morning after receiving a boost from better than expected retail sales data yesterday before returning to corrected levels during the trading day. Concerns over the upcoming E.U summit with many E.U policymakers remaining downbeat on its prospects to resolve the debt crisis have

POUND
The Pound was well supported against the Dollar and Euro this morning, with risk sentiment coming back in to the market as investors looked for short term profits on GBP/USD in particular. “The spike higher in Cable was a good opportunity to sell,” said a spot trader. “We maintain our bearish view on it given

POUND
The Pound was largely unchanged against the Euro this morning even after the BofE unanimously voted on increasing Quantitative Easing to £275 billion, probably as uncertainty in the Euro zone keeps the single currency submissive against Sterling and the Dollar was on the back foot again this morning as investors swing between optimism and caution