Currency News

Exchange Rates Today: The Pound made gains against the US Dollar

Exchange Rates Today: The Pound made gains against the US Dollar
Monday, November 10th, 2014

Pound Sterling The Pound made gains against the US Dollar as demand for the US currency softened due to last week’s publication of softer than forecast Nonfarm Payrolls data. With not much in the way of market moving data releases today we can expect relatively muted trading of the Pound. The main event for the […]

 

Exchange Rates Today: The Pound is on course to hit a weekly low against the US Dollar

Exchange Rates Today: The Pound is on course to hit a weekly low against the US Dollar
Friday, November 7th, 2014

Pound Sterling The Pound is on course to hit a weekly low against the US Dollar after falling to a 13-month low on Thursday. Sterling is also softer against the majority of its peers after the Bank of England made no changes to monetary policy. The Pound fell after the BoE monetary policy committee voted […]

 

Exchange Rates Today: Sterling Halts Three-Day Run of Declines

Exchange Rates Today: Sterling Halts Three-Day Run of Declines
Friday, October 24th, 2014

Pound Sterling The Pound halted its three-day run of declines against the US Dollar as economists await the release of the latest UK economic growth figures. Sterling was little changed against the Euro. The data is forecast to show that the UK economy expanded by 0.7% in the third quarter of the year after growing […]

 

Exchange Rates Today: US Dollar Advances to One-Week Highs

Exchange Rates Today: US Dollar Advances to One-Week Highs
Thursday, October 23rd, 2014

Pound Sterling The Pound was little moved against its major peers as economists awaited the release of the latest UK Retail Sales figures. The currency softened on Wednesday after the Bank of England minutes showed that there was no change in its policy. The minutes revealed that policy makers voted 7-2 in favour of leaving […]

 

Exchange Rates Today: Sterling Weakens against its Peers

Exchange Rates Today: Sterling Weakens against its Peers
Friday, October 17th, 2014

Pound Sterling The Pound weakened against most of its peers on Friday as concerns over global economic growth eased following the publication of positive US data. With a lack of economic releases out of the UK, the currency was experiencing movements because of reports from elsewhere. US Dollar The US Dollar strengthened against the Pound […]

 

Exchange Rates Today: US Dollar Rallies against Peers

Exchange Rates Today: US Dollar Rallies against Peers
Thursday, October 16th, 2014

Pound Sterling The Pound is experiencing mixed trading against the Euro and other major peers as volatility shakes up the market. Sterling found support from the release of a report which showed that unemployment in the UK fell to 6%. With a lack of domestic market moving data due for release today, Pound movement will […]

 

Exchange Rates Today: Sterling Weakens against the Majority of its Peers

Exchange Rates Today: Sterling Weakens against the Majority of its Peers
Wednesday, October 15th, 2014

Pound Sterling The Pound weakened broadly against the majority of its peers on Tuesday as inflation data and poor retail sales figures sent the currency lower. Inflation in the UK slowed to a five year low and a report released by the British Retail Consortium showed that the UK retail sector experienced its worst sales […]

 

Exchange Rates Today: The Pound Fells against the US Dollar

Exchange Rates Today: The Pound Fells against the US Dollar
Tuesday, October 14th, 2014

Pound Sterling The Pound fell against the US Dollar as economists forecast that the session’s data releases will show that UK inflation slowed, adding pressure on the Bank of England to maintain interest rates at record lows. Also weighing on the currency were comments made by Bank of England Governor Mark Carney who said that […]

 

Exchange Rates Today: UK Economy Worries set to Weigh on Sterling

Exchange Rates Today: UK Economy Worries set to Weigh on Sterling
Monday, October 13th, 2014

Pound Sterling The Pound briefly advanced back above the 1.27 level against the Euro as concerns over the faltering Eurozone economy weighed heavily upon the single currency. Sterling is likely to see mixed trading as worries over a slowdown in the UK economy weigh. With a lack of market moving domestic data and with the […]

 

Exchange Rates Today: Sterling Softer against the Euro, US Dollar

Exchange Rates Today: Sterling Softer against the Euro, US Dollar
Friday, October 10th, 2014

Pound Sterling The Pound was softer against the US Dollar and Euro on Friday as data showed that UK house prices grew at their slowest pace in 10 months in September. The softer data adds to concerns that the UK economic recovery is slowing. Thursday’s Bank of England interest rate decision also weighed as investors […]