Tag Archives: Euros

Euro Confidence Rises

Posted on August 26, 2009 by admin

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.
Continue reading →

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

Sterling spikes against Dollar

Posted on August 5, 2009 by admin

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.
Continue reading →

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

Fed Cautious

Posted on July 22, 2009 by admin

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.
Continue reading →

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

US Earnings Figures Strong

Posted on July 16, 2009 by admin

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

Unemployment Rises

Posted on July 15, 2009 by admin

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 , , , , , , , , , , , , , , | 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

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

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

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

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