Sterling and dollar rise on weak euro
Fri, 29 Jan 10 11:27 am
The pound continues to ride its luck this morning as concerns continue to blight the European currency and traders appear to have set sterling’s weak growth figures this week to one side.
Euro hits five month low against pound
Thu, 28 Jan 10 11:01 am
The euro hit a five-month low against the pound this morning, due to concerns over the fiscal health of Greece and other Euro-Zone countries. Sterling was supported by positive comments from a UK policymaker whilst the dollar made gains on expectations of a rise in interest rates.
Sterling capitalises on weak euro
Wed, 27 Jan 10 10:59 am
Sterling crept up against a broadly weaker euro this morning and steadied against the dollar to recover from yesterday’s fall following GDP figures. Disappointing data showed that the British economy barely made it out of recession with growth of 0.1%, against a 0.4% forecast. Meanwhile the dollar has risen slightly against major rivals ahead of the outcome of the US Federal Reserve's first policy meeting of the year.
Sterling falls as UK tentatively exits recession
Tue, 26 Jan 10 11:42 am
Despite the release of data confirming that the UK has officially escaped recession, the pound fell against the euro due to figures coming out showing less growth than was initially expected.
Pound edges up against dollar and euro
Mon, 25 Jan 10 10:53 am
Sterling crept cautiously against a weak dollar this morning which fell to a three week low against the euro. The pound‘s gains were limited ahead of Tuesday’s UK gross domestic product data for the fourth quarter.
Sterling down against euro, up against dollar
Fri, 22 Jan 10 11:43 am
US bank stocks have dropped as a result of US President Barack Obama’s plans to curb the activities of the biggest banks in the US, undermining the dollar.
Pound stalls ahead of UK data
Thu, 21 Jan 10 10:28 am
Sterling’s fortunes reversed this morning as the pound slumped to a one-week low against the dollar and fell against the euro. This is all down to investors’ prudence ahead of the release of UK public finances data, as well as a few other ominous rain clouds such as the UK’s fiscal health and the small matter of this year’s impending election.
Sterling hits five month high against euro
Wed, 20 Jan 10 10:46 am
The pound celebrated a five month high against European currency this morning, having remained buoyant after events yesterday as traders awaited the release of BoE minutes this morning. The dollar also strengthened against the euro whilst its Canadian counterpart lowered its growth outlook.
Pound prospers on merger
Tue, 19 Jan 10 10:30 am
Sterling saw major gains across the market spectrum following the impending takeover of Cadbury by US based Kraft Foods Inc. The euro dropped to a four month low against Sterling, which rose to its highest level in more then a month against the dollar.
Euro drops to four month low vs. sterling
Mon, 18 Jan 10 10:14 am
The euro fell to a four-month low against the pound this morning as strong UK housing data supported sterling. The pound also hit a session high against the US dollar and remains the stronger currency today.
Pound up as euro declines
Fri, 15 Jan 10 11:29 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.
Sterling keeps pressure on the dollar
Thu, 14 Jan 10 11:08 am
Sterling revisited a one-month high against the dollar today, which remains subdued despite making gains against the yen. The euro also traded higher against the greenback after hitting a high last reached back in December.
Sterling hits high against the dollar
Wed, 13 Jan 10 10:27 am
The pound made significant gains against the dollar following comments from a BoE policy maker whilst the dollar itself struggled against sterling and the yen. Meanwhile, the euro remains vulnerable to the debt problems in Greece.
Mixed signals keep sterling steady
Tue, 12 Jan 10 11:20 am
Increased confidence on a global scale has kept the dollar subdued and given the euro some breathing space to extend gains against the US currency. The pound has remained relatively steady overnight, with a slight rally this morning following UK trade figures showing a minor narrowing of the deficit.
Pound and euro up against dollar
Mon, 11 Jan 10 10:12 am
Sterling has made gains against a dollar struggling after a weak reading of US employment. The pound has however slipped against the euro and analysts believe sterling will remain weak today as markets await UK retail sales output data this week.
Sterling recovers as political concerns ease
Fri, 08 Jan 10 11:41 am
Sterling rose this morning to recoup its recent losses as political worries settled. The euro has slipped again and the dollar looks to be moving towards a breakout with US non-farm payrolls data due tomorrow
Pound is down amid political concerns
Thu, 07 Jan 10 10:29 am
Sterling hit one-week lows against the dollar and euro this morning, as the pound fell to political uncertainty as Prime Minister Gordon Brown fought off an attempt within his party to unseat him.
Sterling recovers from low against dollar
Wed, 06 Jan 10 10:24 am
After hitting a one week low against the US dollar, sterling has fought back to steady itself against both the greenback and the euro. Meanwhile the dollar and the yen have been benefiting from negative data which has caused investors to turn away from riskier assets.
Pound falls against euro and dollar
Tue, 05 Jan 10 10:11 am
Sterling fell against the euro and the dollar this morning, pressured by concerns about a dwindling UK economy and high debt levels as the election campaign got underway.
Sterling recovers from lows against dollar
Mon, 04 Jan 10 11:24 am
The US dollar has made gains against the euro and the pound as a gauge tracking interest rate expectations rose to the highest level since October on the first trading day of 2010.
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