Pound news:
$1.60 would have been a great price to see on the markets for GBP/USD but unfortunately Sterling has not quite had the momentum to hit that level. Nevertheless, the Pound has held $1.5930 but trading so far has revealed little insight as to what direct GBP/USD is heading, the percentage change on the day
Pound news:
The march ahead against the dollar has seen Sterling hit a multi month high, we have not seen GBP/USD trade at this level since Feb 03. An initial break above $1.5950 was a promising move higher but subsequently the Pound has moved back to $1.5941 but this move higher is still a 0.37% gain
Pound news:
Sterling is registering some positive gains this morning against both the euro and dollar as general market sentiment pushes the Pound higher. Sterling had, for some time, been caught in the €1.19 range however the start of the week shows a price of €1.2083 on the market. This price is the high of the
US Dollar news:
The U.S dollar is still very much on the back foot versus the Pound but euro gains are now being paired back as we end the week. Against Sterling the dollar has now slipped to $1.5617 on the market with the high of the day coming in at $1.5655. The dollar has started
US Dollar news:
The threat of the U.S heading back into recession is weighing heavily on the minds of analysts and as such the bias is leaning towards selling the dollar. “The U.S. economy appears to be losing momentum, and that’s supporting the euro,” said Lee Hardman, a currency strategist at Bank of Tokyo Mitsubishi UFJ
US Dollar news:
With the stress test results now priced into the market the dollar is little change this morning against the euro and Sterling. The euro is hovering around the 0.0% change mark for the day and maintaining a very strong level at $1.2990. So far the market is favouring the euro, a break to
US Dollar news:
The dollar starts down this morning as it is very much risk on for the markets. The euro bank stress test did just enough to calm the markets and as such the prices this morning are fairly close to where we were on Friday. One mover is GBP/USD which is up 0.36% for
Euro news:
Those following the markets should be aware that 17:00 today sees the release of bank stress test results. European regulators are scrutinizing banks to assess if they have enough funds, defined as a Tier 1 capital ratio of at least 6 percent, to withstand a recession and sovereign debt crisis. For EU stability we
US Dollar news:
Generally speaking the dollar is up this morning as the markets are undecided in where to place their bets ahead of the EU bank stress test. We are seeing mixed trading this morning as some are favouring the dollar as the safest place to be, betting that the stress test will highlight some
Pound news:
The latest news on the efforts to rein in our budget deficit shows that, in fact, the opposite is occurring. Public sector borrowing came in higher than expected yesterday and a government watch dog has revealed that the Ministry of Defence is already over budget by several millions. Not ideal news for the U.K