Foreign Currency News Updates

POUND
The pound has surged ahead this morning, trading into 1.22 vs. the euro and nearly 1.60 against the USD. The big news out this morning came from the Bank of England minutes who confirmed the UK’s current high inflation may now be at greater risk of lasting into the medium term decreasing the chance of

POUND
Sterling regains recent losses against the USD and moved up nearly 0.25% against the Euro. UK inflation recently out failed to exceed expectations coming in at 3.5%, leaving the chance of further QE a possibility once the current programme ends next month. The market in terms of UK economic data will now be heavily focused

POUND
Sterling is performing well against the Euro this morning reaching a 19 month high but has fallen back into 1.58 vs. the USD. The pound has benefitted from a combination of poor news on the state of the Euro zone economy in addition to Standard & Poor reaffirming the UK’s top-notch AAA credit rating. Sterling

POUND
Sterling is trading flat against the Euro today and is down over a quarter of one percent vs. the USD. Weaker data out yesterday on the UK trade deficit failed to hurt sterling’s confidence. The majority of recent economic readings have painted a more positive picture, reducing expectations for the bank to conduct further QE.

POUND
Sterling is continuing to trade strongly this morning against the Euro and USD despite recent trade balance data showing a wider gap than forecast. The pound has been helped against the single currency by holding a relatively safe haven status in comparison to the Euro which is plagued with debt concerns consequently shunning investors. Many

TODAY`S HEADLINES
UK BRC sales stronger than forecast
Sterling rallies into 1.59 vs. USD
Debt concerns in Spain and Italy continue
Threat of further QE hurts US currency
POUND
The pound is performing well against a weaker USD this morning, up 0.25% while trading slightly down against the single currency. The British Retail Consortium (BRC) released more positive data overnight aided

TODAY`S HEADLINES
RICS house price data better than forecast
Unease over euro zone debt continues
Sterling stays above 1.21 against euro
BoE Unlikely to do more QE
POUND
The pound remains strong against the single currency this morning, but has fallen nearly half a percent against the USD. In addition to being aided by a weaker euro and deteriorating confidence in

TODAY`S HEADLINES
UK Manufacturing production data falls
BoE rate decision due at 12pm
Sterling breaches 1.21 vs. Euro
Pound trades flat against USD
POUND
Sterling has recently broken the 1.21 barrier, hitting a two and half month high vs. the euro and is trading flat against the USD this morning. This comes after a week of positive economic data for the

TODAY`S HEADLINES
Sterling remains strong vs. Euro
USD gains on risk aversion
Halifax house price data strong
UK service sector data higher than forecast
POUND
The pound is rallying against the euro this morning above 1.2050 whilst trading back down into 1.58 vs. the USD after an increase in risk aversion hit global markets yesterday. Sterling is looking more attractive than

TODAY`S HEADLINES
UK Construction data soars
Sterling remains above 1.60 vs. USD
US FOMC minutes due tonight
Focus on Portuguese economy
POUND
Sterling has dipped by 0.25% against the Euro this morning but is managing to hold above 1.60 vs. the USD aided by stronger data from the construction sector. This improved economic data comes after a stronger manufacturing number yesterday