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Sterling is trading close to the 1.1915 high it reached against the Euro this morning whilst staying within tight ranges against the popular USD. The pound reached a nine month high against a weaker single currency and was also blessed by slightly better employment data with the number of people claiming unemployment benefits down in
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Sterling has started the day strongly against the Euro trading above 1.18 whilst remaining within tight ranges against a strong USD. The pound has taken full advantage of strong pressure on the Euro and demand for UK government bonds, by investors seeking refuge from Europe. It has to be made clear that sterling’s strength is
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Sterling has started the day trading within very similar ranges against the Euro as last week whilst moving down significantly against the USD as investors begin to question the progress made at last week’s EU summit. This has driven demand for the US currency as a safe option rather than the riskier pound and Euro.
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Sterling has begun the day trading stronger against the Euro and USD ahead of key interest rate announcements in the UK and the Euro zone. The Bank of England is not expected to change the current interest rate of 0.5% or level of quantitative easing (£275 billion) at least until February 2012 with developments in
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Sterling has made some small gains vs. the USD this morning and is trading relatively flat against the Euro with investors now focusing on what euro zone leaders will reveal as a solution to the current debt crisis later this week. Sterling gains have been limited after manufacturing and industrial production data both showed further
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Sterling has started the day trading slightly weaker against the majors after UK retail sales and Halifax house price data failed to impress, raising questions once again over the state of the UK economy and it’s exposure to the Euro zone debt crisis. The British Retail Consortium, released data showing that retailers in November suffered
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The pound is trading slightly lower against the Euro this morning but has made some gains vs. the USD. Service sector data was surprisingly better than the 50.6 forecast at 52.1 showing even further expansion in this key area of industry for the UK. This data is released in contrast to Manufacturing PMI which came
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Sterling is trading slightly down against the Euro this afternoon but remains within 1.57 against the USD. Concerns that the UK economic outlook will deteriorate further as a result of the euro zone debt crisis is continuing to heat up . Mervyn King said yesterday that UK banks should build up capital to insure against
So as another year draws to a close in the heady world of French mortgages, it is always useful to look back and reflect on what the year has brought us. This time last year, we were experiencing some of the lowest ever fixed rates seen in France with the record set around 3.35% fixed
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Sterling remains stronger against the USD this morning holding above 1.57 whilst trading slightly down against the euro. UK manufacturing out this morning did little to impress the market despite it being marginally higher than the 47.1 forecast at 47.6. Any number below 50 reflects contraction in the sector and a clear reflection on the
