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Category Archives: forex
06.02.12
How to Lock into a Future Exchange Rate
VFX offers the ability to forward buy on certain currency pairs which gives you peace of mind by locking into guaranteed exchange rates, helping you budget for the months ahead and concentrate on managing your business rather than worrying how … Continue reading
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12.12.11
Sterling Hits 10 Month High Versus The Euro
The pound has performed well in today’s morning trading session and has now put on over a cent versus the single currency. The euro has not come out of the EU summit looking too clever, which took place at the … Continue reading
15.11.11
Sterling drops versus dollar as inflation comes in lower than expected.
The pound fell against the dollar this morning after UK inflation came in lower than expected. BOE Chief Mervyn King, in his correspondence to UK Chancellor George Osborne, said that he expects inflation to fall sharply over the next 6 … Continue reading
03.11.11
ECB cuts interest rates by 25 basis points to 1.25%
The euro has weakened off slightly this afternoon and erased its gains made this morning. The ECB have cut rates by 25 basis points to 1.25%.
26.10.11
Euro takes a turn for the worse in run up to EU meeting.
The single currency has dumped over a big figure versus the pound and dollar as we get close to hearing any findings from today’s EU meeting. Initially we did see euro strength after Germany backed the EFSF Fund Leverage, but … 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
24.10.11
Would you like to have access to live currency charts?
Apply for our free online demo which will give you access to live currency rates, streamed currency charts and the ability to receive texts, targeting desired currency levels via our ‘Alert Trigger’ text service.
21.10.11
VFX Currency Update: Sterling rallies versus dollar and euro
The pound has just reached a 4 week high versus the dollar and a 2 week high against an under-pressure euro ahead of a crucial weekend of EU meetings. It seems despite worse than expected consumer confidence numbers releases from … Continue reading
20.09.11
Deny Everything!
Greece has denied it will have a referendum on Euro membership and Siemens have denied reports it took money out of a French Bank and placed it with the ECB. In times of turmoil, deny everthing!!
14.09.11
Sterling recovers losses after release of UK unemployment data
The pound recovered earlier losses against both the dollar and euro after UK unemployment data came in unchanged at 7.9% and claiment count data came in slightly better at 20.3k from the expected number of over 34k.