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Tag Archives: Pound Sterling
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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Interest Rates on hold
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.
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Posted in Company News, Euros, Financial News, UK Pound Sterling, US Dollars
Tagged Asian currencies, Australian Dollar, bank of england, best rates currency, Buy Currency, Canadian Dollar, commission free currency, Consumer Spending, currencies, currency exchange, Currency Forward, Currency Future, currency solutions, currency trading, dollars, European Central Bank, Interest rates, Pound Sterling, uk economy, UK Pound Sterling, US Dollars
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Sterling five month high
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 Asian currencies, Australian Dollar, bank of england, best rates currency, commission free currency, Consumer Spending, currency exchange, Currency Forward, Currency Future, Currency News, currency trading, European Central Bank, Euros, personal currency service, Pound Sterling, UK Pound Sterling, US Dollars, World economy
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US unemployment hits 26-year high
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 Australian Dollar, Canadian job market, currencies, currency, Currency News, currency solutions, currency trading, dollars, ECB, Euros, pound, Pound Sterling, Unemployment, US Dollars
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Pound hits Four Month Highs
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.
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Posted in Company News, Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars
Tagged Asian currencies, Australian Dollar, bank of england, best rates currency, Buy Currency, commission free currency, currency exchange, Currency Forward, Currency Future, Currency News, currency solutions, currency trading, Euros, Fiat, Interest rates, personal currency service, Pound Sterling, uk economy, UK Pound Sterling, US Dollars, Yen
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Euro at 5 week low
The euro is sitting at a 5 week low against the US dollar this morning as the single currency continues to be plagued by uncertainty surrounding ECB strategy. Larger than expected credit write downs at Bank of America yesterday reignited…
Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars
Tagged currencies, currency, currency exchange, Currency News, currency solutions, dollars, ECB, Euros, New Zealand dollar, Other Currencies, Pound Sterling, Treasury Secretary Geithner, uk market, uk pounds, US Dollars, US Markets, Washington Post Consumer Confidence
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Euro hits one-month low against dollar
The CBI has predicted the UK economy will contract by 3.9% in 2009, more than twice the amount predicted by Alistair Darling late last year. The euro has reached a one month low against the dollar amid concerns that the…
Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars
Tagged Alistair Darling, currencies, currency, currency exchange, Currency News, currency solutions, dollars, ECB, Euros, Pound Sterling, recession, uk market, uk pounds, US Dollars, US Markets
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Sterling gains on Euro
Better than expected jobless data in the US yesterday bolstered investor hopes of a tentative stability in the world’s largest economy. While economic data continues to be mixed, there is growing evidence the rate of decline is slowing in the…
Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars
Tagged Aussie dollars, budget, cml, Council of Mortgage Lenders, currencies, currency, currency exchange, Currency News, currency solutions, David Blanchflower, dollars, Euros, Kiwi dollars, Morgan Stanley, MPC, Pound Sterling, RBNZ, uk market, uk pounds, US Dollars, US Markets
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Eurozone’s GDP revised downwards
The eurozone economy shrank more than previously estimated in the last three months of 2008, figures from Eurostat say. Gross domestic product in the 15-nation area (the figures do not include Slovakia) fell 1.6%, not 1.5% as predicted. The drop…
Unemployment to reach 3.2 million
Business leaders have warned that UK unemployment will reach 3.2 million in the third quarter of 2010. The British Chambers of Commerce said its survey showed a “worrying deterioration” in manufacturing, with exports reaching 10-year lows. The BCC said one…