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Sterling heads for 12-month record euro losses
Wed, 28 Feb 07 15:00 pm
Sterling is headed for its largest one month falls against the euro for the last year amid expectations that euro-zone exchange rate rises will soon outpace the rate in the UK.
UK inflation to fall rapidly says BoE member
Tue, 27 Feb 07 15:00 pm
UK inflation will rapidly fall back to within its target rate of two per cent by as soon as late spring or summer, a Bank of England (BoE) policymaker has predicted.
Slow UK week leading to rate decision
Mon, 26 Feb 07 15:00 pm
The UK is facing a slow week for economic indicators while the business sector gears up for reporting season, but a series of key indicators will be released in the US.
Euro reaches record yen highs
Fri, 23 Feb 07 15:00 pm
The yen fell to a record low against the euro on Thursday following Bank of Japan comments that the pace of interest rate change would remain slow.
Yen-dollar range to widen 50% says analyst
Thu, 22 Feb 07 15:00 pm
The trading range between the dollar and the yen will expand by around 50 per cent over the course of 2007, an analyst at UBS AG has claimed.
BoJ votes for quarter point rise
Wed, 21 Feb 07 15:00 pm
The Bank of Japan has raised the base rate of interest a quarter point to 0.5 per cent saying that consumer spending and price stability had put growth on a steady footing.
Ascendant yen falls again on rate outlook
Tue, 20 Feb 07 15:00 pm
The ascendant yen proved short-lived yesterday as the Japanese currency fell against 16 top-traded currencies as politicians pressured policy makers to maintain ultra-low rates.
The week ahead
Mon, 19 Feb 07 15:00 pm
Following a packed schedule of economic indicators and company reports last week, the coming five days are expected to be quieter with US markets closed today.
Yen climbs as carry-trades unwind
Fri, 16 Feb 07 15:00 pm
The yen continued to climb against both the euro and dollar in foreign exchange trading on Thursday as carry-trades unwound on the back of positive Japanese economic figures.
Yen climbs on surprise growth
Thu, 15 Feb 07 15:00 pm
The yen climbed across the board yesterday after gross domestic product data for the fourth quarter of 2006 showed that the economy performed well above expectations.
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Today's Currency News
The Pound has begun to drop against both the Euro and the US Dollar following surprisingly poor data...
Currency Rates
| US Dollars | 1.5394 |
| Euros | 1.2008 |
| Swiss Francs | 1.5578 |
| Australian Dollars | 1.6921 |
| South African Rand | 11.130 |
| GBP indicative mid-market rate at 17:35. Please call for quote. | |
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