Pound:
Sterling is back on the up this morning against the majors as the Euro sinks amongst uncertainty surrounding the Greek bailout. Angela Merkel resisted any swift bailout of Greece last night causing a rift amongst European members on how best to tackle risks posed to the Euro. The pound for once has taken some advantage
Heavy trading this afternoon has seen Sterling climb against both the Dollar and the Euro. Sterling jumped nearly half a cent against the dollar to around $1.5654 just shy of the day’s high at $1.5660, while the euro cut earlier gains and dropped to a session low of 87.79 pence. The Euro is still battling
Read More.......US Dollar:
The Dollar is up against Sterling this morning as negative sentiment regarding the pound continued following Mervyn King’s speech yesterday. However, continuing on from the news that a bailout is being put together to help Greek finances, the Euro has rallied against the Dollar, up 0.2% this morning at 1.376.
Recent data from the US
Pound:
Sterling has recovered slightly from yesterday’s falls against the major currencies ahead of this morning’s crucial bank of England data due at 10.30am. Yesterday saw the trade deficit widen unexpectedly coming out at –7.3B against –6.6B forecast as new fears emerged about the UK’s credit rating. Imports are continuing to outstrip exports despite the boost
US Dollar:
The Dollar was down on the Euro after positive comments from ECB President about a rescue plan for Greece but up on Sterling as political uncertainty and other concerns in the U.K allowed the Dollar to push GBP right back to 1.5568 overnight.
Speculation over a hung parliament in the U.K will probably continue to
US Dollar:
The Dollar was up against the Euro and Sterling this morning as risk sentiment was under pressure and investors continued to take their money out of the riskier Euro and Sterling and into the safe haven of the U.S Dollar. Riskier assets have been hit across the board this morning as concern that problems
US Dollar:
The Dollar was up on Sterling and climbed to an 8 month high on the Euro this morning as Debt concerns in Europe increased, prompting traders to pull out of the single currency and into the safer bet of the U.S Dollar. Fears exist in the market currently that the debt issues in Greece
Pound:
Sterling is trading within tight ranges against the Euro and has fallen significantly in the last 24 hours against the USD down from 1.60 into the higher area of 1.58. Key bank of England policy decisions are due at 12pm today with the UK central bank expected to pause its QE programme and keep interest
Pound:
The pound has rallied this morning particularly against the USD up by over half of one percent on the day and 0.13% against the Euro. Nationwide consumer confidence data which came out overnight came in higher at 73 against 70 expected suggesting the economy is improving. The consumer confidence data highlighted improvements in employment prospects
Pound:
Sterling is continuing to trade lower than where it finished off last week as investors increase their concerns (same old story) over the UK political situation in addition to the “big one” on Thursday which will highlight the Bank of England’s latest announcement on quantitative easing (money printing) and interest rates.
Although recent opinion polls have