Tag Archives: Australian Dollar

U.K GDP Contracts 0.7 in Second Quarter

Posted on August 28, 2009 by admin

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.
Continue reading →

Posted in Currency News, Euros, UK Pound Sterling | Tagged , , , , , , , , , , , , , , , | Leave a comment

Sterling Remains Weak

Posted on August 25, 2009 by admin

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 , , , , , , , , , , , , , , , | Leave a comment

Sterling Recovers

Posted on July 23, 2009 by admin

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…

Posted in Currency News, Euros, Other Currencies, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , | Leave a comment

Inflation Falls

Posted on July 14, 2009 by admin

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 , , , , , , , , , , , , , , , , , , | Leave a comment

Interest Rates on hold

Posted on July 10, 2009 by admin

The Bank of England has voted to leave interest rates on hold and decided against expanding its quantitative easing programme, despite the downbeat outlook for the UK economy. Currency rates for the euro are stronger on the back of positive German economic data while the US dollar and yen have slipped following a small rise in risk appetite in the market.
Continue reading →

Posted in Company News, Euros, Financial News, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Eurozone contracts

Posted on July 8, 2009 by admin

GDP for the first quarter has contracted -2.5% in the eurozone, a figure in line with market expectations and one that takes the annual rate of decline to -4.9%. Exchange rates for many of the high yielding currencies are lower this morning, particularly the pound which is under pressure in anticipation of trade balance figures and the MPC interest rate decision due tomorrow.
Continue reading →

Posted in Currency News, Euros, Other Currencies, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Interest Rates on Hold

Posted on June 5, 2009 by admin

Both the ECB and the Bank of England opted to leave interest rates unchanged yesterday, at 1% and 0.5% respectively. The Bank of England also opted to leave QE levels unchanged. Today foreign exchange markets will be interested in US employment data and this could influence the underlying dollar trend in the coming week.
Continue reading →

Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , | Leave a comment

Sterling hits year highs against Dollar

Posted on June 1, 2009 by admin

Both sterling and euro currency rates are at their highest level this year against the US dollar as market sentiment continues to improve following news the pace of recession is moderating. This is despite news that General Motors, once the world’s largest auto manufacturer, is to declare bankruptcy later in the day. This week brings interest rate decisions from the Bank of England, European Central Bank and Australian Reserve Bank.
Continue reading →

Posted in Company News, Currency News, Euros, Special Currency Offers, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Markets on weak note

Posted on May 26, 2009 by admin

Currency exchange rates have opened on a weak note this morning as North Korean missile tests and concern over government debt levels led to a more neutral trend in equities. With US and UK markets closed for a bank holiday yesterday the euro strengthened over the pound and dollar, although this morning these losses have been recovered. Continue reading →

Posted in Currency News, Euros, Financial News, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Sterling five month high

Posted on May 19, 2009 by admin

The pound has hit a five-month high against the US dollar this morning on the back of the view that recession is bottoming out in the UK. Anticipation of economic recovery has driven demand for the higher yielding currencies and both the pound and euro climbed against the dollar overnight. Continue reading →

Posted in Company News, Euros, Financial News, Special Currency Offers, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , , , , | Leave a comment