Thu, 31 Dec 09 09:33 am
Our final news installment of the year sees the pound hitting a ten day high against the dollar. Year-end position adjustments led to a broad sell-off in the greenback as price movements were generally exaggerated due to thin trading.
Wed, 23 Dec 09 10:11 am
The pound dipped near a two month low against a strong dollar this morning which trades close to a three month high versus the euro in the run up to Christmas.
Tue, 22 Dec 09 09:52 am
The euro and the British pound surged higher just ahead of the opening bell in Europe, adding 0.4% apiece against a dollar that remains strong.
Mon, 21 Dec 09 10:04 am
The pound held steady against the dollar which trades at a three month high against the euro this morning. A final reading of third quarter gross domestic product data due on Tuesday and minutes to the Bank of England's December policy meeting on Wednesday will be the highlights of a holiday-shortened week.
Fri, 18 Dec 09 10:00 am
UK currency made a recovery despite caution awaiting today’s figures. The euro has also regained lost ground against a dollar that has slowed down after a hectic week of rallying against major currencies.
Thu, 17 Dec 09 09:53 am
Sterling is down this morning against a broadly stronger dollar. The euro has stumbled to its weakest against the greenback in three months after Greece’s downgrade reignited credit concerns.
Wed, 16 Dec 09 09:34 am
The pound dipped against the dollar and the euro this morning as investors await UK labour market data. The greenback reached highs against the euro amid signs of a recovery in the US economy.
Tue, 15 Dec 09 12:39 pm
UK currency rose against a weak euro but fell against a buoyant dollar earlier today, caught between flows in the two larger currencies pushed by investor anxiety surrounding the Austrian banking sector.
Mon, 14 Dec 09 09:50 am
The euro rallied against the dollar this morning while the pound pared its declines as stocks rebounded after Abu Dhabi pledged to bail out Dubai. The yen has also made considerable gains after the Tankan index of confidence among Japanese manufacturers increased.
Thu, 10 Dec 09 10:01 am
UK currency recovered some ground against the dollar and euro today, as investors bought the pound back at cheaper levels after it was sold in the wake of the UK pre-budget report. Australian and New Zealand currency were both up and Switzerland's central bank is due to meet later, with no change in rates expected.
Wed, 09 Dec 09 10:17 am
Sterling fell broadly this morning, hitting its lowest in nearly two months against the dollar due to fears about UK fiscal health ahead of finance minister Alistair Darling's pre-budget report. The euro has also hit a low against the dollar, prompted by rising debt worries for Greece and Dubai.
Tue, 08 Dec 09 10:16 am
The pound weakened this morning as concern over Britain's fiscal health deepened, the euro has recovered slightly from its one month low and the dollar has dropped against the yen after senior Federal Reserve officials threw cold water on hopes of a quick rise in US rates.
Mon, 07 Dec 09 16:09 pm
Fri, 04 Dec 09 09:52 am
Sterling rose this morning, boosted by selling in the dollar ahead of US employment data due later today. The euro slipped 0.4% and Japan geared up to release a new stimulus package.
Thu, 03 Dec 09 09:47 am
The euro and the pound advanced 0.4% apiece against the US dollar after investor confidence rose. Today we await an interest rate decision from the European Central Bank, which could prove to be an anticlimax as updated third-quarter Gross Domestic figures revealed a still-fragile economic recovery.
Wed, 02 Dec 09 09:19 am
Sterling rose against the euro and a broadly weaker dollar this morning as concerns eased about Dubai's debt-related problems, which helped boost risk assets. A meeting between Bank of Japan chiefs later today will determine whether or not the yen will see a return to volatility.
Tue, 01 Dec 09 10:24 am
Sterling fell to near one-month lows against the euro this morning on concerns about the country's fragile economic outlook. The Japanese yen turned volatile very suddenly as the Bank of Japan held an unscheduled special monetary policy meeting. In European hours, focus will be on German unemployment figures and Swiss GDP later today.
With little on the economic calendar today, markets brace themselves for a decisive week ahead that...
|South African Rand||15.651|
|GBP indicative mid-market rate at 07:15. Please call for quote.|