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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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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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Interest Rates on Hold
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.
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Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars
Tagged Asian currencies, Australian Dollar, best rates currency, Buy Currency, commission free currency, dollars, Interest rates, personal currency service, quantitative easing, uk economy, UK Pound Sterling, US Dollars
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US data better than expected
US data released yesterday showed better than expected retail figures for February, and Bank of America announced that they expect to operate profitably in 2009. This led to a surge in equity markets and a rise in risk appetite for investors with the MSCI world index making its biggest rally since November. Japan and China also signalled an increase in efforts to boost growth leading Asian and European equities higher.
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Tagged Add new tag, Asian currencies, Australian Dollar, bank of england, best rates currency, Buy Currency, Canadian Dollar, commission free currency, Consumer Spending, currency exchange, Currency Forward, Currency Future, currency solutions, currency trading, European Central Bank, Euros, Eurozone, German economy, Interest rates, Japan, MSCI, personal currency service, quantitative easing, Retail figures, UK Pound Sterling, US Dollars, Yen
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Markets Remain Muted
Equity markets remain neutral this morning ahead of retail sales figures and jobless claims due in the US this afternoon. Stocks posted minor rallies yesterday as JP Morgan Chase announced a profit in the first two months of 2009 although risk trends continue to drive international currency exchange rates. Continue reading
Posted in Company News, Currency News, Euros, Financial News, Other Currencies, Special Currency Offers, UK Pound Sterling, US Dollars
Tagged Asian currencies, Australian Dollar, best rates currency, Buy Currency, Canadian Dollar, commission free currency, currency exchange, Currency Forward, Currency Future, currency solutions, currency trading, Euros, Interest rates, personal currency service, quantitative easing, the pound, UK Pound Sterling, US Dollars, Yen
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Limited risk appetite returns
European equities have rallied this morning and the US Dollar has declined as markets regain limited appetite for risk. Sterling however, has been excluded from this rally as it remains battered by weak manufacturing and industrial production figures out this morning. Uncertainty over the stability of the UK banking sector is also putting Sterling under pressure. Continue reading
Posted in Company News, Currency 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 solutions, currency trading, European Central Bank, Euros, Eurozone, Interest rates, personal currency service, quantitative easing, Retail figures, swiss unemployment, uk banks, UK Pound Sterling, US Dollars, World economy
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U.S Unemployment
Markets returned to risk aversion on Friday as figures out in the US showed unemployment has reached a 25 year high. The Pound is significantly lower against the US Dollar this morning as the government is set to take control of Lloyds banking group. International equities remain risk averse as the World Bank has predicted the global economy will contract for the first time since WW2 due to the current downturn.
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Posted in Company News, Currency News, Euros, Other Currencies, 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, currency exchange, Currency Forward, Currency Future, currency solutions, currency trading, European Central Bank, Euros, Eurozone, Interest rates, personal currency service, quantitative easing, the pound, U.S GDP, uk banks, UK Pound Sterling, US Dollars, World economy, Yen
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BoE to introduce quantitative easing
The Bank of England announced yesterday that it is to take unprecedented steps to ease the recession; £75 billion will be injected into the British economy over the next three months. Continue reading
Posted in Currency News, Euros, Other Currencies, UK Pound Sterling, US Dollars
Tagged Australian Dollar, bank of england, best rates currency, BOE, Buy Currency, Canadian Dollar, currency exchange, currency solutions, Euros, Interest rates, personal currency service, quantitative easing, recession, uk economy, UK Pound Sterling, US Dollars, World economy
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