Foreign Currency News Updates

POUND
Sterling’s rally against the euro has run out of steam leaving the UK domestic currency at a two week low and also remaining lower against the USD. Sterling has benefitted in recent weeks as investors become increasingly concerned about political turmoil in Greece and the fragility of the Spanish banking sector but this safe haven

POUND
Sterling is trading in the lower end of 1.24 against the euro today and has fallen into 1.57 against the USD as the foreign exchange markets continue to trade with high volatility and investors provide less support to the pound after the Bank of England cut it’s growth forecasts and European economic problems continue. The

POUND
Sterling is trading marginally down against the euro today and has dropped even further against the USD after the Bank of England reduced growth forecasts in yesterday’s quarterly inflation report. The pound is continuing to come under pressure against the USD as investors flee risk in search of the safe haven, global currency. Expectations are

POUND
Sterling is continuing to take advantage of a weaker euro this morning reaching 1.2577 but has lost out against the USD as political instability in Greece has driven investors to the safety of the USD. Mervyn King the governor of the Bank of England is due to deliver the quarterly inflation report this morning which

POUND
Sterling has fallen by 0.5% against the euro and over 0.25% vs. the USD as we head towards afternoon trading. Stronger growth data from Germany has supported the single currency in contrast to the UK trade balance number which was slightly wider than the –8.4B forecast at –8.6B showing no change from last month. Movements

POUND
Sterling has reached a high of 1.2490 against the euro this morning but has fallen slightly against the USD back into 1.60, a three week low. The UK currency has been particularly strong against the single currency in recent weeks aided by it’s safe haven status as investors continue to support the UK government’s austerity

POUND
Sterling is holding it’s strength above 1.24 vs. the euro and 1.61 against the USD as positive news from the Bank of England maintained interest in the currency. Interest rates and QE were both kept on hold yesterday afternoon which helped alleviate concerns that the central bank may well change it’s direction and pump more

POUND
Sterling is trading off a recent high of 1.2479 vs. the euro and has fallen to 1.61 against the USD. The market is trading the pound cautiously ahead of the Bank of England decision at midday with further gains a possibility if quantitative easing is left unchanged. Manufacturing production data out earlier this morning was

POUND
The pound is continuing to trade strongly against the euro this morning but is down by nearly one quarter of a percent vs. the USD. Overnight we saw sterling reach a 3 and half year high vs. the single currency and many analysts are expecting further gains while concerns grow over the region and austerity

POUND
Sterling is hovering close to a 3 and a half year high against the euro but is down 0.34% vs. the USD. Expectations are for the pound to strengthen further in the short term if politicians fail to form a new Greek government after a shock election result that questioned the terms of the country’s