Foreign Currency News Updates

POUND
Sterling has rallied well against the USD in early morning trade, reaching a high of 1.5875 as investor appetite for risk increases ahead of an injection of cheap funds by the European central bank. Sterling may also be supported further if the recent run of stronger economic data continues this week, starting with the UK

POUND
Sterling has recovered in the last few hours, up against the USD and Euro by 0.42% and 0.26% respectively. The market has turned on sterling in recent days as investor concerns resurfaced over expectations that the Bank of England will continue with more quantitative easing in a bid to aid the economy further. The pound

POUND
Sterling began to fall heavily against the Euro after the Bank of England minutes released yesterday. This fall has continued this morning with sterling reaching a low of 1.1772 and 1.5649 vs. the USD. The pound has also been weakened by a stronger than expected German ifo survey. The BoE minutes were the main catalyst

POUND
Sterling is trading lower against the euro and USD this morning after initial positives in the market over the Greek bailout have started to fade. UK public sector data was much better than expected but economists have played down this data for January which showed the biggest monthly surplus in four years as the UK

POUND
Sterling is trading within very similar ranges as this time yesterday ahead of the release of public sector borrowing data and after Europe sealed a deal for Greece. Risk appetite is continuing to aid sterling, which is reflected in the price particularly against the USD. Public sector borrowing data is forecast to show a fall

POUND
The pound is trading 0.25% down against the Euro this morning but remains in the mid 1.58 area against the USD. Sterling has been benefitting from an improvement in risk appetite and some signs of an economic recovery in the UK although the poor Euro zone outlook has hindered sterling’s performance against it’s main trading

POUND
Sterling has seen a mini rally this morning against the USD, trading back into 1.58 whilst reaching the mid area of 1.20 vs. the euro aided by a much stronger retail sales number. The monthly retail sales data released by the office of national statistics came out at 0.9% against economist forecasts of –0.3% supporting

POUND
Sterling is up against the euro back into 1.20 whilst remaining lower vs. the USD as delays with a second bailout in Greece weakened the single currency and sterling benefitted from question marks over whether the Bank of England needs to conduct further quantitative easing. Yesterday’s quarterly inflation report raised some positives for the UK

POUND
Sterling is trading down against the Euro this morning and is flat against the USD as investors remain cautious ahead of the Bank of England quarterly inflation report due at 10.30am which may well highlight risks to the downside for the UK economy. Some investors are expecting the BoE to forecast an undershoot of its

POUND
Sterling is trading flat against the Euro today but has made some significant gains back into 1.58 against the USD while investors remain cautious ahead of the Bank of England’s quarterly inflation report due on Wednesday. This data is particularly relevant as it is likely to provide clues on future monetary policy and whether the