Tag Archives: currency solutions

GM fails to find buyer

Posted on May 28, 2009 by admin

The failure of General Motors to secure a buyer last night for its European operations has led to mounting concern over job security for auto workers in both Germany and the UK. After reaching a seven-month high against the US dollar yesterday, sterling has trimmed these gains but remains trading at firm levels against both the dollar and single currency. Continue reading →

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

Dollar hits new lows

Posted on May 21, 2009 by admin

The US dollar has weakened against its international currency partners after minutes from the FOMC meeting showed the committee considered expanding the QE program in the US. Although equity markets are neutral this morning, international currency exchange rates have continued to rise, prompting speculation that we could be beginning to see an end to trading that exclusively shadows risk. Continue reading →

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

Japans GDP contracts 4%

Posted on May 20, 2009 by admin

Japan’s economy has contracted by 4% in the first quarter of 2009, taking the annual rate of contraction to 15.2% as the strong yen and slump in global trade battered the Japanese export sector. The pound is trading at its highest level in 2009 against the US dollar and has strengthened against the euro and yen amidst the view that the UK is well placed for economic recovery.
Continue reading →

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

US Retail Slumps

Posted on May 14, 2009 by admin

The risk rally lost momentum overnight as US retail sales figures declined by 0.4% in April. US retail sales figures are a crucial to wider economic sentiment as they are directly related to business confidence and import levels. Weakened growth predictions from the Bank of England and negative industrial production figures from the eurozone also dragged exchange rates downwards for the “riskier” currencies.
Continue reading →

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

US unemployment hits 26-year high

Posted on May 11, 2009 by admin

The US unemployment rate has hit a 26-year high as the labour market shed 539,000 non-farm jobs in April. However despite the record figure, the upward trend in currency exchange rates and equity markets has continued with the pound and…

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

Markets look to BOE

Posted on May 7, 2009 by admin

Currency exchange rates are likely to be subject to volatility today as interest rate decisions from the Bank of England and ECB are due. The results of “stress tests” on US banks are also due later in the day and this could affect exchange rates for all the major currencies. The Australian dollar reached a 12-year high against the pound overnight as positive figures from the US and buoyant Australian retail sales improved investor confidence.
Continue reading →

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

Pound hits Four Month Highs

Posted on May 6, 2009 by admin

The bullish trend in equities and currency exchange rates continues this week as both the euro and pound reached four month highs against the US dollar. Improved prospects of global recovery are encouraging the flow of funds away from safe havens and many of the “riskier” currencies are receiving a boost in exchange rates this week.
Continue reading →

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

Markets Hit Four Month High

Posted on May 5, 2009 by admin

Stock markets climbed to a four-month high in London this morning, as abating fears over swine flu and prospects of economic recovery improved appetite for risk. Recent PMIs released in the UK and Europe have shown the pace of recession is easing and this has improved market sentiment. Interest rate decisions from the ECB and Bank of England are due this week.
Continue reading →

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

UK economy contracts 1.9%

Posted on April 24, 2009 by admin

The UK economy contracted -1.9% in the first quarter of 2009, more than economists expected with record declines in the manufacturing and service sectors. This news has sent the pound plunging against the dollar and euro as investors also remain…

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

Euro climbs against US dollar

Posted on April 23, 2009 by admin

The euro has risen against the US dollar this morning with economic news from the eurozone showing the pace of recession easing in the last month. Yesterday market focus was on the pound with the UK budget and 6.7% unemployment…

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