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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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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 Recovers
Sterling and euro exchange rates have trimmed losses against the US dollar this morning as rising retail sales in the UK and profits at Credit Suisse supported the currencies. US equity markets remain relatively quiet as investors digest news from…
Fed Cautious
Federal Reserve chairman Ben Bernanke addressed Congress yesterday to give a cautious assessment of the US economy. Bernanke noted that while there are tentative signs of recovery in the US, there is not enough slack in the financial system for the Fed to proceed with tightening monetary policy. This knocked risk appetite in the market, snapping recent equity market gains and drove investors to favour the safe haven currencies.
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Posted in Euros, Financial News, Special Currency Offers, UK Pound Sterling, US Dollars
Tagged Asian currencies, bank of england, best rates currency, Buy Currency, commission free currency, Currency Future, dollars, European Central Bank, Euros, personal currency service, Pound Sterling, uk economy, UK Pound Sterling, US Dollars
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US Earnings Figures Strong
Strong corporate earnings figures in the US and positive Chinese economic data supported risk and equity markets yesterday, sending currency exchange rates across Europe and Asia higher. The figures boosted market sentiment across the board and led to a US dollar selling session with exchange rates improving for the Pound, Australian and New Zealand dollars. Continue reading
Posted in Currency News, Euros, Other Currencies, Special Currency Offers, UK Pound Sterling, US Dollars
Tagged Asian currencies, bank of england, best rates currency, Buy Currency, commission free currency, Consumer Spending, currency exchange, Currency Forward, Currency Future, currency trading, Euros, Interest rates, personal currency service, uk economy, UK Pound Sterling, US Dollars
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Unemployment Rises
The UK unemployment rate has posted its largest quarterly increase, climbing to 7.6% in the three months to May. Consumer prices have fallen in the eurozone for the first time and international foreign exchange rates are likely to be subject to movements in US markets today, with consumer inflation, industrial production and the FOMC minutes due. Continue reading
Posted in Euros, Special Currency Offers, UK Pound Sterling, US Dollars
Tagged Asian currencies, bank of england, best rates currency, commission free currency, currency exchange, Currency Forward, Currency News, currency trading, European Central Bank, Euros, Interest rates, Japan, UK Pound Sterling, US Dollars, World economy
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Inflation Falls
The annual rate of inflation in the UK has fallen below the Bank of England’s 2% target for the first time in 21 months. Today’s calendar is packed with economic data that could cause a reshuffling of currency exchange rates that will potentially benefit some of the higher yielding currencies. Markets will focus on US retail sales figures and the producer price index out this afternoon. Continue reading
Posted in Currency News, Euros, Other Currencies, UK Pound Sterling, US Dollars
Tagged Asian currencies, Australian Dollar, bank of england, best rates currency, commission free currency, Consumer Spending, currency exchange, Currency Forward, Currency Future, Currency News, currency solutions, currency trading, dollars, Euros, Eurozone, Interest rates, personal currency service, uk economy, UK Pound Sterling
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