16th August 2010
Sterling has fallen against the euro today, moving further away from the six-week high seen last week. Reuters reports the currency also moved lower versus the dollar, removing gains made earlier in Forex trading.
The news source states “Sterling is still being driven by the dollar and risk sentiment,”and underperforming the euro a little, the weak [...]
12th August 2010
With consumer confidence falling in the wake of Government budget cuts to public services in an effort to reduce the massive public sector debt, the City is becoming increasing concerned about about the possible slowdown of the nation’s economic, which has weakened the currency.
The Pound Sterling fell against both the US dollar and the yen, [...]
6th August 2010
The pound Sterling fell after the central bank’s policy makers kept the interest rates at the low level, despite the concerns that the inflation may accelerate. In spite of recent gains of the pound on the outlook that the budget cuts wouldn’t cripple the Britain’s economy. The outlook became less optimistic after the Bank of [...]
12th July 2010
The dollar rose against a hat full of currencies on Monday after investors cautiously look towards this week’s euro-zone debt auctions. The debt auction for Greece is due on Tuesday and is set to sell €1.25 billion of treasury bills, with Spain and Portugal also auctioning government debt this week.
The European bank stress test data [...]
24th June 2010
Both the US dollar and yen rose against the euro during Thursday trading, as investors once again began to be concerned about Greece’s debt hanging over the euro zone. Reports have been coming in that the cost of protecting Greece’s government from defaulting on their debt has hit a record hit; this swayed investor to [...]
14th June 2010
The euro rose today against a hat full of currencies after investors moved towards the euro currency as better than expected industrial output data boosted the currency. The euro moved ever further away from the four-year low hit against the dollar recently, ending the session 1.3 percent up at $1.2250.
Although the euro took a big [...]
9th June 2010
Sterling rose to a 2-day high against the US dollar in Wednesdays trading as investors risk appetite grew after a Reuters report showed that Chinese exports in May grew 50% compared to the same period last year, outstripping market expectations.
Sterling hit $1.4545 against the dollar during the European trading session, ending at $1.4538 with a [...]
13th May 2010
The euro fell to a one week low against the US dollar and fell dramatically against the Swiss franc as investors steered away from the euro currency over concerns that fiscal tightening would lead to slower European growth.
During the New York trading session, the euro fell 0.6% against the US dollar and 0.9% against the [...]
10th May 2010
Sterling continued to rise against the US dollar during Monday’s trading, after the Bank of England announced that it was keeping interest rates at their record low and Nick Clegg released a statement saying that decisions on power sharing talks would be concluded “as soon as possible”.
The Bank of England announced earlier in the day [...]
7th May 2010
The euro regained some ground on the yen and us dollar during Friday’s trading session after hitting a 14 month low against the greenback and its lowest position since December 2001 against the yen during Thursday’s volatile trade.
The euro rose 1 percent against the dollar and 3 percent against the yen, finishing the session [...]