Pound news:
Afternoon trading saw Sterling catch a second wind to push on handsomely against the euro. At one point €1.24 was a possibility when €1.2385 was reached. Unfortunately €1.2385 was the high of the day and as we drew towards 16:30 Sterling edged back slightly to close at €1.2372. Overnight trading has seen those gains
Pound news:
The upward climb continues as Sterling hits new high after new high against the euro. The current price of €1.2307 and a high of €1.2326 would suggest that there is just enough momentum for Sterling to hold the €1.23 levels. This move has been driven by two factors; the first being hawkish comments from
US Dollar news:
We head into the final few days of the month with trading on the quiet side with the majority of currencies little changed over the weekend. Against Sterling the U.S dollar is trading up so far by 0.07% for the day but the price, $1.5036, is slightly higher than where we were on
Euro news:
For a moment there the euro zone seemed to have things under control as reassuring comment after reassuring comment came from various EU ministers. As such the euro climbed into the $1.23 levels and remained there for the last two weeks, occasionally dipping into the $1.22 area. The current price remains above $1.23 but
US Dollar news:
The dollar is mixed as we head into today’s trading session. In a conflicting set of events the Federal Reserve is set to keep interest rates at an all time low through the middle of next year as the U.S recovery starts to wobble. This would have capped any gains for the US
Pound news:
Off the back of a well received budget report Sterling is continuing to rally in the FX markets as ratings agency Fitch said the “ambitious” plan ensured Britain would keep its AAA credit rating. This will come as welcome relief for Mr Osborne & Co as the U.K will still need to go to
The emergency budget was always going to have an effect on the FX markets, just which way was anyone’s guess.
Yesterday and this morning saw relatively low levels of trading as traders and investors wondered if the Chancellor would be able to get the balance just right in making the necessary cuts whilst allowing room
Pound news:
The big news is the announcement of the emergency budget at 12:30 London time. Clues as to what is going to be announced have been leaked but there is still plenty for the market to sink its teeth into. Looking at the currencies markets it would appear that either the traders are not too
Pound news:
Considering the emergency budget is due tomorrow and not likely to paint a rosy picture Sterling is not showing any signs of weakness in the currency markets. Against the dollar Sterling is riding on the coat tails of improved global outlook, having hit am high of $1.4935 for the day so far. It is
Pound news:
Sterling can be viewed as standing on thin ice at the moment with the emergency budget just around the corner. So far the Pound has fared well with the week showing a gain on the U.S dollar but a minor adjustment downwards on the euro. Having hit €1.2130 towards the end of last week