Sterling up as dlr pressured before U.S.jobs data
Fri, 04 Apr 08 14:00 pm
Sterling inched up to a one-week high against the dollar on Friday as the U.S. currency came under selling pressure on speculation that a crucial reading of U.S. employment may come in weaker than expected.
Sterling gains vs softer euro; outlook stays weak
Thu, 03 Apr 08 14:00 pm
Sterling strengthened for a third straight day against the euro on Thursday, recovering from a record low on Monday as a slight return of investor confidence encouraged a move back into the high-yielding currency. But poor sentiment for the pound was reflected in sterling falling against the dollar in choppy conditions, as a gloomy outlook on the UK economy kept investors focused on prospects for more interest rate cuts from the current 5.25 percent.
Sterling firm, mortgage data awaited for BoE clues
Wed, 02 Apr 08 14:00 pm
Sterling ticked up versus the euro and dollar on Wednesday as investors looked ahead to mortgage data for clues on whether the Bank of England will cut interest rates next week or next month. Ahead of the 0830 GMT data, the pound reaped the benefits of a broad improvement in risk appetite, on speculation that the worst of the credit crisis may have passed after the latest batch of bank write-downs.
Broadly weak euro lifts sterling from record low
Tue, 01 Apr 08 14:00 pm
The pound was lifted from recent record lows hit against the euro on Tuesday, with the single currency feeling pressure from poor European bank news and a failure to push above $1.59.
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Markets are gearing up for an action-packed trading session, with key policy meetings of the BoE and...
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| US Dollars | 1.5861 |
| Euros | 1.1917 |
| Swiss Francs | 1.4425 |
| Australian Dollars | 1.4664 |
| South African Rand | 12.040 |
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