Sterling remains pressured
Fri, 26 Feb 10 11:52 am
Fiscal and political woes continue to undermine the pound and things aren’t much better in the Euro-Zone as we approach the weekend.
Pound plunges amid volatility
Thu, 25 Feb 10 11:21 am
Sterling falls to a nine-month low against the dollar and struggles versus the euro.
Pound steadies but remains vulnerable
Wed, 24 Feb 10 11:47 am
The pound has made a slight recovery after yesterdays low against the dollar, as risk aversion clouds the market.
Sterling slides on gilt futures
Tue, 23 Feb 10 11:06 am
The pound hit lows against the dollar and the euro as gilt futures rose following the BoE Governor’s comments this morning.
Pound down against dollar
Mon, 22 Feb 10 10:53 am
The pound dipped against the dollar this morning whilst problems in the Euro-Zone continue to weigh on the single currency.
Dollar surge knocks pound to nine-month low
Fri, 19 Feb 10 11:58 am
UK currency hit a nine-month low against the dollar on Friday as the dollar gained broadly after the Federal Reserve raised its discount rate.
Sterling firm as euro pressured
Thu, 18 Feb 10 10:52 am
Sterling maintained a firm stance against the euro this morning following yesterday’s unanimous BoE decision to pause asset purchases. Meanwhile the euro has again come under broad selling pressure, staying weak against the dollar.
Pound’s gains fall short on UK labour data
Wed, 17 Feb 10 11:12 am
Sterling’s early gains against the dollar have been curbed by data showing a fall in UK labour markets. However, minutes from the latest Bank of England policy meeting showed a unanimous vote to pause quantitative easing.
Sterling holds as euro struggles
Mon, 15 Feb 10 11:06 am
Sterling has held firm against a broadly weaker euro this morning whilst a public holiday in the United States and a lack of UK data is expected to keep ranges relatively tight.
Euro slammed by vague EU plans
Fri, 12 Feb 10 10:40 am
The pound picked up against the euro this morning and the dollar touched a 7-month high against the single currency due to uncertainty surrounding the support package for Greece.
Euro takes centre stage ahead of EU meeting
Thu, 11 Feb 10 10:36 am
The euro hit a three week high against sterling this morning, although investors remain apprehensive ahead of a key European Union meeting which could shed light on a possible bailout for Greece. The US dollar received a boost yesterday following reports that the Federal Reserve would soon raise discount lending rates.
Pound suffers as Greece bailout possible
Wed, 10 Feb 10 11:23 am
Sterling turned lower against the dollar and the euro, while gilts rose today on dovish BoE inflation forecasts. Governor Mervyn King did not rule out more quantitative easing which also pressured sterling and other movements today may depend on whether or not a bailout will be agreed for Greece and whether similar measures may be considered for Portugal and Spain.
Pound hits three week low against euro
Tue, 09 Feb 10 10:50 am
The pound made some recovery in early trading from its lows against the dollar but remains on thin ice due to shaky sentiment. Meanwhile, the euro has recovered on speculation European officials meeting this week will agree to assist Greece in tackling its budget deficit.
Sterling stays low against dollar
Mon, 08 Feb 10 10:35 am
Sterling plummeted to its lowest since May 2009 against the dollar this morning as Euro-Zone fiscal woes spurred risk aversion. This pushed the euro up to its strongest in two weeks whilst investors await Wednesday’s BoE inflation report.
Pound hits 8 ½ month low against dollar
Fri, 05 Feb 10 10:36 am
Stock markets, commodities and currencies have dwindled across the globe in the last 24 hours as investors abandoned risky assets for the relative safety of the dollar. Fears of European sovereign debt default as well as a surprise rise in US jobless claims created a mist of anxiety ahead of today's US payroll data, which will undoubtedly create further volatility.
Euro slumps, sterling on hold
Thu, 04 Feb 10 10:47 am
The euro plummeted to a seven-month low against the dollar early on today, pressured by concerns about the fiscal health of Greece, Portugal and Spain ahead of a European Central Bank policy meeting. Meanwhile the pound held tight ahead of the BoE policy decision due later today.
Sterling’s early gains stumped by weak data
Wed, 03 Feb 10 11:14 am
The pound made gains in early trading after a reported rise in UK consumer confidence but then slipped after a weaker-than-expected reading of the UK services sector. Meanwhile the dollar fell against the euro in early trading and the Australian central bank caught the market unawares with yesterday’s decision to keep interest rates steady.
Pound tumbles as traders await BoE decision
Tue, 02 Feb 10 10:57 am
Sterling fell against the euro and the dollar this morning as the Bank of England policy decision, which will be announced later in the week, kept investors cautious. Today’s US Pending Home Sales is set to determine the level of the dollar whilst the euro rose 2% against GBP in early trading
Sterling strength rests on BoE decision
Mon, 01 Feb 10 11:06 am
Sterling weakened against the dollar and euro this morning as investors mulled over the risks ahead of a key Bank of England decision later in the week which could signal an end to quantitative easing.
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