Foreign Currency News Updates

POUND
Sterling is trading flat against the Euro today whilst trading just within 1.57 vs. the USD, helped by demands for sterling from the Middle east. Concerns about the fragile state of the UK economy are unlikely to subside any time soon with Mervyn King and his team keen to inject further money in to the

POUND
Sterling is continuing to remain strong against both the USD and Euro as investors continue to favour the UK as a safe haven currency over the weakening Euro. Investors seem to be worried about the euro zone at the minute despite a warning from ratings agency Moody’s that the UK’s triple A credit is under

POUND
Sterling has hit a 10 month high of 1.1968 against the Euro this morning as investors favoured the UK currency over the riskier debt ridden Euro zone. This appetite from larger investors also created gains for the pound against the USD which moved up nearly over 0.75%. Longer term UK economic weakness and a loss

POUND
The pound hovered near a 10 month high against the Euro this morning helped by ongoing speculation surrounding the possible downgrading of Euro zone countries, although risk aversion and concerns over the UK economy have seen a move down for sterling vs. the USD. The UK remains very much aligned with the fall out in

POUND
The pound is continuing to trade near a 10 month high against the euro today whilst moving within 1.55 against the USD. Sterling is managing to benefit from chaos in Europe but further gains may well be prevented by the UK’s own economic climate and comments made by the head of the IMF painting a

POUND
Sterling reached a high of 1.1938 vs. the Euro this morning and is trading within tight ranges against the US currency. The pound having recently hit a 10 month high is likely to remain strong against the Euro and take advantage of any further negative news surrounding the Euro zone debt crisis. UK retail sales

POUND
Sterling is trading close to the 1.1915 high it reached against the Euro this morning whilst staying within tight ranges against the popular USD. The pound reached a nine month high against a weaker single currency and was also blessed by slightly better employment data with the number of people claiming unemployment benefits down in

POUND
Sterling has started the day strongly against the Euro trading above 1.18 whilst remaining within tight ranges against a strong USD. The pound has taken full advantage of strong pressure on the Euro and demand for UK government bonds, by investors seeking refuge from Europe. It has to be made clear that sterling’s strength is

POUND
Sterling has started the day trading within very similar ranges against the Euro as last week whilst moving down significantly against the USD as investors begin to question the progress made at last week’s EU summit. This has driven demand for the US currency as a safe option rather than the riskier pound and Euro.

POUND
Sterling has begun the day trading stronger against the Euro and USD ahead of key interest rate announcements in the UK and the Euro zone. The Bank of England is not expected to change the current interest rate of 0.5% or level of quantitative easing (£275 billion) at least until February 2012 with developments in