Euro To Become Volatile In Weeks Ahead

Ahead of the release of the UK’s Mortgage Approvals numbers the Pound was trending in a slightly softer position against the US Dollar but up over 0.5% against the Euro. The GBP/EUR pairing briefly advanced to a high of 1.42 in response to the latest developments in Greece but fell back below that level as… Read More »

Euro Exchange Rate Moves Back From 3 Week High

Sterling performed well against most of the majors last Friday thanks to some sanguine public sector borrowing data. The latest report showed that government borrowing dropped to its lowest level for seven years during May as income tax receipts bolstered the coffers. At £10.1 billion, net borrowing was down -18.3% over the year, whilst income… Read More »

US Dollar Holding Strength Against Rival Currencies

The Pound remained trading in the region of 1.36 against the Euro on Thursday but could regain ground lost in the previous session as worries over Greece look set to weigh on the single currency. The UK currency could also experience movement due to the latest Bank of England quantitative easing and interest rate decisions.… Read More »

UK Awaits Interest Rate Announcement

Demand for the Pound was strangled by a much lower-than-anticipated service sector reading yesterday. Falling from 59.5 in April, May’s services PMI report printed at 56.5 in what was the steepest monthly slowdown since August 2011. Holders of the Pound were primed for a much higher score of 59.2 and the soft result dampened hopes… Read More »

Currency Markets Stable But More Downside Expected

Apart from the latest figures from the residential construction for the month of October, “the day will remain poor ad, except the minutes of the Bank of England and the Fed,” commented analysts. Due to the increasing divergence of the policies of central banks on both sides of the North Atlantic, this account of the… Read More »