Stg off highs but rate differentials give support
Thu, 31 Jan 08 15:00 pm
Sterling edged lower versus the dollar on Wednesday but remained close to the year's high before a decision on U.S. interest rates from the Federal Reserve later in the day.
Sterling hits 4-wk highs vs dlr, eyes on Fed
Wed, 30 Jan 08 15:00 pm
Sterling rose to fresh four-week highs against the dollar on Tuesday as expectations of another hefty interest rate cut by the Federal Reserve kept a lid on the greenback.
Sterling holds ground vs dollar before Fed
Tue, 29 Jan 08 15:00 pm
Sterling was a touch firmer against the dollar on Tuesday, but analysts expected it to trade in a tight range as investors await the outcome of the Federal Reserve's policy-setting meeting and key data this week.
Sterling mixed on push and pull of domestic, US concerns
Mon, 28 Jan 08 15:00 pm
Sterling edged higher against a soft dollar but weakened against a buoyant euro on Monday, struggling to forge a clear direction amid the swirling mix of UK and international economic influences.
Sterling strengthens as risk appetite grows
Fri, 25 Jan 08 15:00 pm
Sterling strengthened broadly on Friday as rallying equities showed investors sidling back into the relatively risky carry trade.
Sterling tumbles as risk aversion spikes
Thu, 24 Jan 08 15:00 pm
Sterling tumbled to a near-two year low versus the yen and slid against the dollar on Wednesday as increased risk aversion and a view that UK interest rates are set to fall led investors to sell the pound.
Sterling strengthens vs dollar after Fed cuts rates
Wed, 23 Jan 08 15:00 pm
Sterling rose against the dollar on Tuesday in a rollercoaster session marked by the Federal Reserve slashing interest rates by 75 basis points in the first inter-meeting move on its main policy rate since the attacks of September 11, 2001.
Pound falls vs yen
Tue, 22 Jan 08 15:00 pm
The pound slid to its lowest in nearly a year against the dollar on Monday, pressured by a spike in global risk appetite and further evidence that the UK housing market is heading for a sharp downturn.
Pound falls to near 1-year low vs dollar
Mon, 21 Jan 08 15:00 pm
The pound fell to its lowest in nearly a year against the dollar on Monday, pressured by a spike in global risk appetite and further evidence that the UK housing market is heading for a sharp downturn.
Pound steadies vs euro, spotlight on retail sales
Fri, 18 Jan 08 15:00 pm
Sterling steadied versus the euro on Friday as investors looked to UK retail sales data for clues to how deep the economic slowdown is likely to be. Comments from BoE deputy governor John Gieve on Thursday -- stressing upside risks to inflation as well as downside ones to growth -- have cast doubt as to whether the market is too aggressive in pricing in a full point of interest rate cuts this year.
Sterling rises vs euro on fears of eurozone weakness
Thu, 17 Jan 08 15:00 pm
Sterling strengthened versus the euro on Thursday, recovering from all-time lows set earlier in the week as investors took a slightly more bearish stance on the single currency as fears that economic weakness may be spreading to the euro zone.
Sterling eases on more bad news from housing sector
Wed, 16 Jan 08 15:00 pm
Sterling edged down towards a record low versus the euro on Wednesday after data showed British house prices fell in December at their fastest pace since the recession of the early 1990s.
Sterling off low vs euro ahead of inflation data
Tue, 15 Jan 08 15:00 pm
Sterling hit a new life-time low versus the euro on Tuesday before reversing direction as investors turned cautious ahead of key consumer inflation data due later in the morning.
Stg hits low vs euro as rate hold fails to support
Fri, 11 Jan 08 15:00 pm
Sterling plumbed a fresh all-time low against the euro for the third day running on Friday as the Bank of England decision the previous session to leave rates on hold did little to support the beleaguered currency. The pound has fallen 3 percent versus the euro since the start of the year and hit a fresh 10-month low against the dollar as poor retailer results and soft data have convinced investors that rates are set to fall sharply this year.
Sterling slips to fresh troughs as BoE cut eyed
Thu, 10 Jan 08 15:00 pm
Sterling slipped to fresh record lows beyond 75 pence per euro on Thursday, with market opinion swinging in favour of a quarter-point Bank of England rate cut later in the session. Expectations for a cut have been boosted by a raft of weak retail reports, including a poor set of earnings from Britain's biggest clothing retailer Marks and Spencer on Wednesday.
Sterling shrugs off weak data, recovers from lows
Tue, 08 Jan 08 15:00 pm
Sterling edged up versus the euro and the dollar on Tuesday, as investors shrugged off weak UK retail sales data and squared positions in the oversold pound ahead of a Bank of England rate decision later this week. Markets are split on whether the BoE will cut rates from 5.50 percent on Thursday, or whether it will opt to wait until February. Overall though, short sterling futures FSSZ8 are pricing in 100 basis points worth of rate cuts by end-2008.
Stg hits 4-1/2 month low vs dlr, fresh lows vs euro
Fri, 04 Jan 08 15:00 pm
Sterling plumbed its lowest level versus the dollar since mid-August and hit a fresh all-time low against the euro on Friday as gloom about the prospects of the UK economy increases expectations of interest rate cuts.
Sterling languishes near record lows vs euro
Thu, 03 Jan 08 15:00 pm
Sterling held near record lows versus the euro on Thursday as investors looked to UK credit and housing data for clues on how soon the Bank of England is likely to cut interest rates again.
Sterling hits all-time low vs euro
Wed, 02 Jan 08 15:00 pm
Sterling hit a fresh all-time low versus the euro on Wednesday and charted its lowest in four years on a trade-weighted basis as investors anticipate soft UK economic data will lead to lower interest rates.
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