Category Archives: currency market

08.01.14

Pound, Euro expected to remain resilient vs Dollar

• Sterling trades in narrow ranges ahead of central bank meeting • Surprise drop in euro zone inflation shows deflation risk • Dollar climbs toward 5-year high against Japanese Yen • Aussie dollar drops before Fed Minutes on bets taper … Continue reading

Categories: currency market.

16.10.12

GBP/Dollar Hits 1.61 Level ahead of UK Inflation

• UK Inflation expected to fall to three-year low, boosts GBP • Euro to be supported on European Union Leaders meeting • US dollar rises against Yen on strong economic data • Kiwi dollar falls on slower than expected inflation

Categories: currency market.

17.02.12

Euro Rises on Optimism Greek deal Will be Reached

The euro strengthened versus the dollar and pound on optimism European officials will agree to provide Greece with funding for a second bailout package. The 17-nation currency rose to a two-month high versus the yen after Italian Prime Minister Mario … Continue reading

Categories: currency market, eurozone.

10.11.11

BoE Leaves Interest Rates On Hold At 0.5%

Sterling has weakened off versus the euro in this mornings trading session as the single currency recovered some of its losses posted over the last few days. The run up to the BoE rate decision also saw some weakness for … Continue reading

25.10.11

Confusion Reigns!

The euro had a slight scare this afternoon after mixed reports that some euro meetings scheduled for tomorrow had been cancelled. The first scare was that some reports had said the 27 nation ECOFIN meeting had been cancelled, but then … Continue reading

07.10.11

Sterling shrugs off Kings Speech

The UK currency took a big hit Thursday, which was no surprise after we saw a second round of QE pumped into the market, diluting the pounds overall value and dragging sterling down versus the dollar and euro. A recovery … Continue reading

04.10.11

Bernanke speech and rumours of SNB intervention sends euro bid

The single currency has posted a mild recovery this afternoon taking back a cent against both the dollar and euro in the wake of Fed Chairman Ben Bernanke’s speech which is still ongoing. There were also rumours of more Swiss … Continue reading

03.10.11

Euro slides on Greece

The euro continued to decline Monday after Greece warned it will miss deficit targets set to avoid a default, triggering risk aversion. This led to the single currency falling through the $1.33 handle against the dollar and returning to the … Continue reading

29.09.11

German ‘Yes’ vote pushes euro higher

Germany voted for more powers and approved the expansion of the bailout fund (EFSF) for stricken euro nations. This gave the single currency a boost versus sterling as EUR/GBP gained 0.4% to hit 0.8717. The euro also posted gains versus … Continue reading

14.09.11

Sacrebleu: Moody’s downgrade SocGen and Credit Agricole

Moody’s Investors Service has downgraded two of France’s top banks, Societe Generale and Credit Agricole in a blow to efforts by European policymakers to restore market confidence in the region.