Foreign Currency News Updates

POUND
Sterling is trading stronger against the USD this morning and is staying relatively stable against the Euro within the 1.19 region. Most recent economic data has been flat with retails sales data out as expected at 0.6%. Market sentiment has improved towards riskier assets but further gains may well be hampered by concerns over the

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UK unemployment data out yesterday did little to significantly move sterling despite the unemployment rate being the highest since 1994. Economists are commenting on the fact sluggish UK data could put pressure on sterling in the coming weeks especially if the spotlight is placed more on the UK. In the most recent data for the

POUND
Sterling is trading down by a quarter of one percent this morning against the Euro but has managed to stay flat vs. the USD. This comes after a worse than expected unemployment rate, increasing to 8.4% from 8.3% expected, although the increase in the number of people claiming unemployment benefits was only 1.2k against 9.1k

POUND
Sterling is trading down nearly 0.5% against the Euro whilst climbing by a similar amount vs. the USD. UK CPI data out this morning came out lower than last month and in line with expectations at 4.2%, supporting the Bank of England’s belief that inflation has peaked. Expectations have now increased for the BoE to

POUND
Sterling has regained recent loses against the Euro but remains low against an in demand USD, moving near to an 18 month low. The pound along with the Euro, remains vulnerable to a big reduction in investor appetite for risk as pressure mounts from rating agencies on Euro zone nations. There is no UK data

POUND
The pound is trading flat against the Euro this morning having dropped yesterday on the back of weaker economic data and investors being more positive about the outlook for the euro zone. As I mentioned yesterday both manufacturing and industrial production data out earlier this weak knocked confidence in sterling and fuelled market expectation for

POUND
Sterling is trading weaker this morning not only against the USD but also vs. the Euro after UK manufacturing output data came out at –0.2% against 0.0% forecast, highlighting a fragile economy. This on top of weaker trade data yesterday (wider gap between import and export volumes) has increased prospects for the UK economy to

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Sterling is continuing to trade around 1.21 vs. the euro and flat against the USD. The pound looks set to remain strong against the euro, with the euro zone’s debt crisis encouraging investors to look for safer areas to allocate funds as the UK government’s fiscal plan is seen as far more credible. Data released

POUND
Sterling traded near a 16 month high yesterday against the Euro as pressure on the single currency intensified with no solution to Europe’s financial problems in sight. The pound has been heavily supported by the situation in Europe rather than it’s own strength and this has been evident in the GBP/USD rate, which remains below

POUND
Sterling has moved off its recent 1.2158 high against the Euro, trading around 1.21 whilst making some small gains vs. the USD. There is no UK data to get excited about until midnight tonight sees the release of the retail sale monitor and RICS house price data. Sterling has benefitted at the start of the