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Currency

 

FX markets steady ahead of FOMC

Tuesday 17th December 2013

FX markets have been relatively quiet as investors await the outcome of the FOMC meeting tomorrow night, UKForex reports...

Sterling continues to strengthen

Tuesday 10th December 2013

All eyes were focussed on policy makers speaking in America yesterday, with sterling strengthening against sterling, says UKForex...

GBP/USD trades to a two year high

Monday 2nd December 2013

The pound has moved higher again, triggering stops through 1.6380 and breaking the 1.64 level vs. the US dollar, with UKForex reporting that it has so far traded to a high of 1...

GBP/USD at eleven month highs ahead of Carney's speech

Thursday 28th November 2013

The pound advanced against the US dollar following the release of second estimate UK GDP data on Wednesday...

Top 5 holiday destinations to stretch your pound

Tuesday 26th November 2013

Holidaymakers can take their pounds further this winter by being savvy about currency movements, according to online currency specialist, FairFX...

Investors await BoE minutes tomorrow

Tuesday 19th November 2013

It has been a steady start to the week for the currency market, according to UKForex.   Euro: EUR/USD pushed to a high of 1...

GBP/USD slips under 1.60 on strong US data

Monday 4th November 2013

UKForex report that UK Manufacturing PMI printed slightly weaker than expected on Friday, but it was still a good number (or index) at 56...

Sterling hits 10-month high against US dollar

Tuesday 1st October 2013

The US government has gone in to shut-down after Congress failed to agree on US budget bill last night, causing the US dollar to weaken against other major currencies, including sterling, UKForex report...

US debt ceiling concerns weigh heavy on the dollar

Thursday 26th September 2013

Cable crawled higher again yesterday and overnight. It just spiked again this morning and trades at 1...

Risk sentiment improves on constructive Syria headlines

Tuesday 10th September 2013

The US dollar has drifted lower against most major currencies over the last 24 hours as risk appetite gradually improves...

Aussie dollar rises after central bank leaves rates on hold

Tuesday 3rd September 2013

The Reserve Bank of Australia left interest rates on hold when the bank made its monetary policy announcement overnight...

Euro remains volatile

Wednesday 21st August 2013

The range in EUR/USD has been anything but quiet this week, UKForex report. Euro: After starting the day on Tuesday at 1...

Calm before the storm as MPC minutes loom

Tuesday 13th August 2013

With many traders/investors away on summer holidays and those left at their desks perhaps a little exhausted after the volatility and activity in the FX market last week, not much happened in the FX markets yesterday...

RBA cuts interest rate

Tuesday 6th August 2013

The Reserve Bank of Australia cut interest rates by 25 basis points overnight.  The cut was fully priced in by markets and so it came as no great surprise...

Markets steady ahead of busy data and central bank decisions

Monday 29th July 2013

It was a slow day on Friday in FX markets. Again the focus was on the data due this week and investors were reluctant to take on too big a position in advance of a busy few days for economic data and announcements, according to UKForex...

Sterling gains continue as data remains quiet

Monday 22nd July 2013

Sterling remains within recent ranges against the Euro. Movement has been minimal for the currency pair the past few days trade remaining within a 70 pip range with gains seeing highs at 1...

A heavy week of data ahead

Monday 15th July 2013

GBP/USD seems to have consolidated itself around the 1.51 level after the previous week’s falls...

Sterling higher against the Greenback

Tuesday 9th July 2013

Cable is on the rise ahead of this morning’s big release. Gradual gains were seen in Sterling versus the Greenback after jobs data on Friday brought the currency pair crashing lower, according to UKForex...

Markets to remain chaotic as era of stimulus coming to an end

Monday 24th June 2013

All major asset classes experienced significant volatility last week. The eagerly anticipated FED decision was interpreted as hawkish as they signalled the era of unlimited stimulus was nearing an end...

Slow start in run up to Fed announcement on Wednesday

Monday 17th June 2013

The pound has pushed higher vs. the dollar in recent days. On Friday, it traded to 1.5731 in Asia (early Monday morning) buoyed by mostly positive UK data released last week and mixed US releases on Friday;  the Producer Price Index for May printed at 0...

Sterling gains after positive UK PMI Manufacturing data

Monday 3rd June 2013

Sterling started the day at 1.520 before markets focused on an unexpected fall in UK Mortgage Approvals, according to UKForex...

Central Banks take centre-stage as Sterling/Euro plummets

Wednesday 22nd May 2013

As property prices rise, stock markets rally, commodity price remain relatively high, and QE has flooded markets with cash, inflation is falling faster than expected in the UK...

King upbeat on the UK economy while the FTSE100 soars

Tuesday 21st May 2013

Shares in London have reached levels last seen at the height of the dotcom boom almost 13 years ago...

Jam-packed week looks set to test the Euro's resolve

Monday 13th May 2013

The Euro trades on uneven ground this morning. Sterling is up circa 0.3% and a test of 1.190 resistance is expected, according to UKForex...

GBP/USD eventually steadies

Monday 6th May 2013

The pound got a boost from better than expected UK Services PMI on Friday, yet another positive UK economic data release, UKForex reports...

UK avoids triple-dip recession

Thursday 25th April 2013

Sterling opens higher across the board following better than expected UK GDP data released at 9:30am today, according to UKForex...

Fitch follows Moody's in lowering UK credit rating

Monday 22nd April 2013

Sterling sits lower against the Greenback this morning. The move lower occurred throughout Friday but was solidified in the afternoon after Credit ratings agency Fitch joined Moody in downgrading the UK from its AAA rating to AA+ explaining that the downgrade primarily reflects a weaker economy and fiscal outlook...

Risk appetite down as China posts unexpected slowdown

Monday 15th April 2013

China posted worse than expected GDP and Industrial production figures, causing risk appetite to tail off with the safe haven dollar being bought across the board, according to UKForex...

Ranges lacklustre ahead of key central bank decisions tomorrow

Wednesday 3rd April 2013

The pound fell yesterday in response to weaker than expected UK Manufacturing PMI. The index showed a contraction in Britain’s manufacturing sector for the second month in a row, printing at 48...

Investors ‘taking a breather’ following this week’s Cyprus deal

Wednesday 27th March 2013

With investors seemingly taking a breather after the Cyprus deal came through over the weekend, it has been a quiet last 24 hours in the FX market, according to UKForex...