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Sterling recovers but uncertainty ahead
After falling to a 2 week low against the euro, sterling managed to make a small recovery as investors resumed their cautious approach towards the euro. With the outlook for the eurozone still of great concern the pound picked up in the afternoon, thou…
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After falling to a 2 week low against the euro, sterling managed to make a small recovery as investors resumed their cautious approach towards the euro. With the outlook for the eurozone still of great concern the pound picked up in the afternoon, thou…
Read MoreThis week we have a lot of important UK economic data out, as well as the ongoing Euro crisis, so we are expecting a volatile week for exchange rates.Last week the Pound lost ground against both the Euro and US Dollar, as rumours of an impending Greek …
Read MoreThis weeks’s scheduled news releases likely to affect exchange rates are as follows.Monday 21st0600 – Japanese economic indexTuesday 22nd0400 – New Zealand inflation expectations0930 – UK consumer & retail inflation; UK public sector borrowing1500 – Eu…
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Yesterday we saw the pound lose ground across the board for a second day after the Bank of England cut the growth forecast on Wednesday.Investors were cautious over the worries in Europe as fears more countries will be drawn into the ever widening cris…
The Pound Drops Over Fears Of Further QEDespite data showing that unemployment was down for the second month in a row, comments from the Bank Of England caused the value of sterling to drop slightly, but rapidly. BoE director Mervyn King forecast weaker growth in the UK economy than was orig…
Will Unemployment Figures Knock The Strong Pound?Last month unemployment was slightly improved, but while it is expected to be unchanged today, claimant counts are expected to be higher, which could signal a drop off from the highs we have seen for the Pound in the last few days. Against the US Dolla…
Euro Weaker Over Greece Speculation“A Greek exit from the euro zone is looking increasingly likely with a second round of elections likely to take place mid-June…so the more uncertainty we see in the euro zone the more the euro will drop against the other major currencies” said Ch…
Pound up as Bank of England confirms QE not extendedSterling spent Thursday out-performing most of the major currencies again, with pound euro exchange rates reaching fresh highs, as mid market tested new resistance levels. The boost came after lunch when the Bank of England’s MPC (Monetary Policy Com…
Bank of England todayWe saw a relatively interesting day yesterday, as sterling rates rose to a 3 ½ year high against the Euro. This mostly came off the back of the ECB announcement that they were holding off 1bn Euros of the latest instalment of the Greek bailout. This i…
Currency update – quiet day aheadToday is what you might call a lull before the storm. There is relatively little data out home or abroad, bar some German trade balance data out first thing this morning. The Pound is still pushing 3.5 year highs against the Euro and is much higher tha…
New Eurozone fears push Pound higherDespite yesterday being a Bank Holiday in the UK, there was a lot of movement in the currency markets as investors lost confidence in the eurozone after Greek and French elections cast doubt on politicians’ commitment to austerity plans aimed at tackli…
Currency news this weekThis week’s economic data releases likely to affect exchange rates, are as follows. Check back later in the week for the latest currency news.Monday 7th0230 – Australian retail sales0645 – Swiss unemployment rate1100 – German factory ordersTuesday 8th0…
Friday market updateThursday saw sterling have another strong performing day making gains against a basket of currencies. Most notably was the mid-market pound to euro exchange rates climbing back above the 1.23 level, the best we have seen for nearly two years. This was …
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The last 24 hours have not seen an awful lot of movement for Sterling, with the Pound managing to hold its own against most of the major currencies, just off the summit of the recent 22 month highs. We are now into May though and as is usual for the st…
Currency news updateYesterday saw the beginning of the trading week and the final day of the month of April. Sterling continued its recent gains against a basket of currencies as investors continued to see the pound as a safer bet than the weakening dollar and euro.Follow…
Currency news out this weekThis week’s selected news releases likely to affect currency rates are as follows:Monday 30th0700 – German retail sales1000 – Eurozone consumer inflation1330 – US personal imcome & expenditure; Canadian GDPTuesday 1st0530 – Australian interest rate dec…
UK falls back into recessionThis morning’s news that GDP fell in the first quarter of 2012 will not help the Pound’s prospects after a solid performance in recent weeks.Official figures showed a 0.2% contraction in the economy in the first 3 months this year, which on top of a 0….
This week’s currency news releasesThis week we have a lot of data due out around the world likely to affect exchange rates:
Monday 23rd
0230 – Australian producer inflation
Tuesday 24th
0230 – Australian consumer inflation
0700 – Swiss trade balance
0930 – UK public sector borrowing
…
The Pound is up in trading today, as UK inflation figures rose slightly, in the first increase since September. The official measure, CPI, was up from 3.4% in February to 3.5% in March.The news is likely to move further Quantitative Easing off the Bank…
Currency news this weekWe are due for a busy week ahead on the currency markets, with important data due out around the world as follows.
Monday 16th
1330 – US retail sales
Tuesday 17th
0230 – Australian monetary policy statement
0930 – UK consumer & retail inflation
1000 …