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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
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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
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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
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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
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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
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Sterling has hit a 10 month high of 1.1968 against the Euro this morning as investors favoured the UK currency over the riskier debt ridden Euro zone. This appetite from larger investors also created gains for the pound against the USD which moved up nearly over 0.75%. Longer term UK economic weakness and a loss
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The pound hovered near a 10 month high against the Euro this morning helped by ongoing speculation surrounding the possible downgrading of Euro zone countries, although risk aversion and concerns over the UK economy have seen a move down for sterling vs. the USD. The UK remains very much aligned with the fall out in
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The pound is continuing to trade near a 10 month high against the euro today whilst moving within 1.55 against the USD. Sterling is managing to benefit from chaos in Europe but further gains may well be prevented by the UK’s own economic climate and comments made by the head of the IMF painting a
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Sterling reached a high of 1.1938 vs. the Euro this morning and is trading within tight ranges against the US currency. The pound having recently hit a 10 month high is likely to remain strong against the Euro and take advantage of any further negative news surrounding the Euro zone debt crisis. UK retail sales
