Currency News

Exchange Rates Today: Sterling Weakens against the Euro

Exchange Rates Today: Sterling Weakens against the Euro
Thursday, October 9th, 2014

Pound Sterling The Pound was weaker against the Euro on expectations that the Bank of England will leave interest rates unchanged at 0.5% and will be more dovish due to a run of soft UK data releases. Economists are forecasting that the majority of BoE policy makers voted in favour of keeping rates unchanged. US […]

 

Exchange Rates Today: Sterling Regains Ground against the Euro, US Dollar

Exchange Rates Today: Sterling Regains Ground against the Euro, US Dollar
Tuesday, October 7th, 2014

Pound Sterling The Pound regained ground against the US Dollar and Euro on Tuesday as investors awaited the release of the latest UK Manufacturing and Industrial Production data, which is forecast to show improvement. If the data does come in positively then concerns that the UK economy is slowing will likely ease and offer support […]

 

Exchange Rates Today: Sterling Retreats against Major Peers

Exchange Rates Today: Sterling Retreats against Major Peers
Monday, October 6th, 2014

Pound Sterling The Pound retreated against a number of major peers after UK Business Secretary Vince Cable and the International Monetary Fund both said that the currency is overvalued by 10%-15%. The comments add to those made last week by Bank of England Deputy Governor Ben Broadbent. Sterling could regain some ground if Tuesday’s Manufacturing […]

 

Exchange Rates Today: Pound Remains Under Pressure

Exchange Rates Today: Pound Remains Under Pressure
Friday, October 3rd, 2014

Pound Sterling The Pound remained under pressure against the US Dollar for a seventh day in a row after Bank of England policy maker Ben Broadbent said that the UK’s economic recovery may not be strong enough to justify an interest rate increase. Sterling could see further movement if the session’s latest Markit/CIPS Services PMI […]

 

Exchange Rates Today: ‘Aussie’ Dollar Rises versus Rivals

Exchange Rates Today: ‘Aussie’ Dollar Rises versus Rivals
Thursday, October 2nd, 2014

Pound Sterling The Pound was little-moved against the Euro and US Dollar as the market settled into a holding pattern ahead of the latest European Central Bank (ECB) monetary policy meeting, UK Construction PMI and US Jobless Claims data. The Pound declined against the emerging-market and commodity-based currencies as they were boosted by a weakened […]

 

Exchange Rates Today: Sterling Holding at a Two-Year High against the Euro

Exchange Rates Today: Sterling Holding at a Two-Year High against the Euro
Wednesday, October 1st, 2014

Pound Sterling The Pound was holding at a two-year high against the Euro after data out of the 18-member currency bloc showed that inflation fell to its lowest level in five years. Sterling meanwhile remained supported by the release of a report which showed that the UK economy expanded at a faster rate than previously […]

 

Exchange Rates Today: Pound Edges Higher against the Euro

Exchange Rates Today: Pound Edges Higher against the Euro
Tuesday, September 30th, 2014

Pound Sterling The Pound edged higher against the Euro and other peers despite the release of data showing a decline in UK Consumer Confidence in August. According to the GfK index, confidence fell from a reading of 1 to -1. A separate report also showed that UK house prices fell more than expected in September. […]

 

Exchange Rates Today: Sterling Surges versus the New Zealand Dollar

Exchange Rates Today: Sterling Surges versus the New Zealand Dollar
Monday, September 29th, 2014

Pound Sterling The Pound surged against the New Zealand Dollar after the South Pacific nation’s Prime Minister said that he wants the currency to be weaker. The Reserve Bank of New Zealand also said that its sales of the currency were the biggest seen in seven years. Sterling could see movement as the markets await […]

 

Exchange Rates Today: Euro Remains Close to Two-Year Low against the US Dollar

Exchange Rates Today: Euro Remains Close to Two-Year Low against the US Dollar
Friday, September 26th, 2014

Pound Sterling The Pound softened against the US Dollar as investors raised their bets that the UK parliament will vote in favour of committing the nation to war in Iraq. All three major party leaders are expected to back the RAF launching airstrikes against the Islamic State. Further losses were restrained after Bank of England […]

 

Exchange Rates Today: Sterling Stronger against the Euro, ‘Aussie’ Dollar

Exchange Rates Today: Sterling Stronger against the Euro, ‘Aussie’ Dollar
Thursday, September 25th, 2014

Pound Sterling Ahead of the release of the Confederation of British Industry’s reported sales data the Pound was trending in a stronger position against the Euro and was close to a six-month high against the Australian Dollar. The Pound to US Dollar exchange rate drifted slightly lower as the ‘Greenback’ was supported by upbeat US […]