Foreign Currency News Updates

POUND
Sterling is trading nicely this morning, staying within 1.20 against the euro and 1.58 vs. the USD after the service sector number came out at 56 way higher than the 53.5 forecast, showing expansion much like the manufacturing and construction industries. UK construction companies have grown more optimistic about economic prospects for growth this year

POUND
Sterling is trading into 1.58 against the USD this morning and 1.20 vs. the Euro after UK construction data highlighted further expansion in the sector at 51.4 below the 52.8 forecast but most importantly remaining above the 50 level. The pound has generally been trading stronger in the last day after manufacturing showed a surprise

POUND
Sterling has moved down from recent highs against the euro trading back into 1.19 whilst remaining flat vs. the USD. UK data in recent days has highlighted the UK is on the brink of recession and the Bank of England is likely to restart QE as early as this month to try and breathe life

POUND
Sterling has reached a two month high against the USD and remains stable vs. the euro after various economic releases including consumer confidence and lending data. The market remains focused on events in Europe at the moment but the pound could come under pressure later this week when purchasing managers’ surveys on manufacturing, construction and

POUND
Sterling is trading relatively flat against the euro this morning in the 1.19 area but has weakened vs. the USD with recent gains running out of steam. This week is a big one for the pound with PMI data due for last month in the manufacturing, construction and service sector with any lower releases likely

POUND
Sterling has moved towards a five week high against the USD in the last day but has been unable to make any gains against the Euro. Sterling has been unable to capitalise on weakness in the Euro, hindered by expectations that the Bank of England will need to increase and restart it’s QE programme as

POUND
Sterling is trading in the low end of 1.19 against the euro this morning but has recently hit 1.57 against a weaker USD. As I reported yesterday the risk of the UK heading back into a recession have increased after yesterday’s GDP figure which is stemming any strong rallies for the pound with the bank

POUND
Sterling has started the day on the back foot trading down against a basket of currencies including the USD and Euro. The market looked nervous on the pound before this morning’s recent economic data which confirmed fears that the UK economy is showing signs of heading back into a recession. The main number, the preliminary

POUND
The pound is trading down against the Euro this morning whilst remaining stable vs. the USD. Concerns are intensifying over the state of the UK economy which is likely to push the Bank of England into printing more money to stimulate growth once again. MPC member Posen, confirmed this theory by stating in a speech

POUND
Sterling is hovering near a two week high against the US currency this morning and is trading back into 1.20 against the Euro. The pound is very sensitive at the moment to speculation of further QE happening in February and developments with the Greek Private Sector Initiative (PSI) talks. Today is a quiet one for