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Monthly Archives: August 2009
U.K GDP Contracts 0.7 in Second Quarter
Revised second quarter GDP figures show the UK economy contracted -0.7% in the second quarter, slightly less than the -0.8% previously recorded. Economic and industrial confidence for the eurozone has come in positive this morning, while US personal consumption figures are likely to cause some currency volatility later in the day.
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Posted in Currency News, Euros, UK Pound Sterling
Tagged Asian currencies, Australian Dollar, bank of england, best rates currency, Buy Currency, commission free currency, Consumer Spending, currency exchange, Currency Forward, Currency Future, currency ideas, currency solutions, currency trading, UK Pound Sterling, US Dollars, Yen
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Euro Rally Continues
The single currency has extended its rally against the pound this morning, gaining support from the release of the German consumer price index and consumer confidence figures. International risk appetite took a hit yesterday as US durable goods orders came in more modest than expected, and currency exchange rates for the yen strengthened in the run up to Japan’s general election. Continue reading
Posted in Euros, Other Currencies, UK Pound Sterling, US Dollars
Tagged bank of england, banks, best rates currency, commission free currency, Consumer Spending, Currency Forward, Currency Future, currency solutions, currency trading, European Central Bank, UK Markets, UK Pound Sterling, US Dollars, World economy, Yen
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Euro Confidence Rises
This morning’s figures show the German business climate and expectations rose in August, sparking further gains for the euro which has strengthened against its major currency partners. Sterling sentiment remains weak, putting pressure on currency rates for the pound, while Japanese export levels have fallen for the tenth straight month.
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Sterling Remains Weak
Foreign exchange rates for the pound remain bearish, sinking to an 11-day low against the single currency yesterday following strong industrial orders in the eurozone. US markets are optimistic this morning amid speculation that Ben Bernanke will be reappointed for a second term, while Israel’s central bank has voted to increase interest rates by 0.25%. Continue reading
Posted in Company News, Euros, Other Currencies, UK Pound Sterling
Tagged Australian Dollar, bank of england, best rates currency, Buy Currency, commission free currency, Consumer Spending, currency exchange, Currency Forward, Currency Future, currency solutions, dollars, Eurozone, Interest rates, personal currency service, uk economy, UK Pound Sterling
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U.K confidence rises
An index measuring confidence among business professionals in the UK has risen the most in over two years, as speculation grows that the UK will end its recession in the third quarter. News that Thailand has emerged from recession and improved sentiment from Ben Bernanke led to gains in Asian trading overnight, with yen and US dollar foreign exchange rates falling as demand for the safe havens diminishes.
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Posted in Company News, Euros, Financial News, UK Pound Sterling, US Dollars
Tagged Asian currencies, bank of england, best rates currency, Canadian Dollar, commission free currency, Consumer Spending, currency exchange, Currency Future, Currency News, currency trading, European Central Bank, Interest rates, personal currency service, quantitative easing, uk banks, UK Pound Sterling, US Dollars
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Sterling Slides
The pound remains weak this morning as markets digest news of a record budget deficit in the UK. The euro continues to rally following positive PMIs for the manufacturing and service sectors and the Canadian dollar was boosted yesterday by a recommendation to buy from Goldman Sachs. Continue reading
Posted in Currency News, Euros, Financial News, UK Pound Sterling, US Dollars
Tagged Asian currencies, bank of england, commission free currency, Consumer Spending, currencies, currency exchange, currency ideas, currency solutions, currency trading, European Central Bank, personal currency service, uk economy, UK Pound Sterling, US Dollars
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Back split on QE
Sterling currency rates remain neutral this morning after the UK posted a record budget deficit in July, the lowest since 1993. UK retail sales also reported a modest rise, climbing 0.4% on the month. Today is light for economic data in the UK and eurozone, with the US leading index set to affect international currency rates.
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Sterling spikes against Dollar
Sterling foreign exchange rates have risen sharply against the US dollar this morning in response to figures showing the service sector expanded in July. Employment figures and factory orders due in the US today could cause currency volatility while Bank of England and ECB interest rate decisions due tomorrow.
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Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling
Tagged Asian currencies, bank of england, best rates currency, currency exchange, Currency Forward, Currency Future, Currency News, currency solutions, Euros, Interest rates, personal currency service, UK Pound Sterling, US Dollars, World economy
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