Foreign Currency News Updates

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

POUND
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

POUND
Sterling is managing to hold above 1.21 against the euro this morning whilst ducking below 1.55 against the USD. Halifax house price data was very slightly better than the forecast –1.0% but a negative figure nonetheless at –0.9%. Economists have made it clear that recent pound strength against the Euro is down to euro zone

POUND
Sterling has reached a high of 1.2113 against the Euro this morning whilst losing nearly half a percent vs. the USD. The pound begun it’s rally against the Euro yesterday but has been aided further by stronger than expected service sector data reaching 54.0 vs. 51.6 expected. The general expectation at the moment is for

POUND
Sterling rallied against the USD this morning and remained strong against the Euro supported by demand from Middle Eastern investors, despite concerns longer term that the pound could weaken on the back of a struggling UK economy. The pound is certainly more favourable to investors than the Euro right now but how long this lasts

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Sterling has started the year trading within similar ranges against the Euro whilst moving up and back into 1.55 vs. the USD. The purchasing managers’ index on manufacturing came out stronger than the 47.4 forecast this morning at 49.6 with many expecting the data to be negative and highlight the UK was heading towards a

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