by Adam Solomon Sterling / Euro and US Dollar The Pound rallied for a third straight day against the U.S Dollar yesterday, while the UK currency also breached the resistance at 1.12 versus the Euro, after a report from the Office of National Statistics showed that UK gross domestic product grew more than expected in [...]
Exchange Rate Forecasts
March, 2010
Foreign Exchange Daily Insight – The Pound rallies for a third straight day as GDP is revised higher
Wednesday, March 31st, 2010Foreign Exchange Market Update – The Pound rallies as the Conservatives’ lead grows
Tuesday, March 30th, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound rallied above $1.50 against the Dollar yesterday, after an opinion poll showed that the opposition Conservative Party increased its lead amongst voters over the past week, as Darling’s political budget failed to lure floating voters. The UK currency also stood relatively firm against the [...]
Foreign Exchange News – The Euro strengthens after EU leaders agree on a rescue package for Greece
Monday, March 29th, 2010by Adam Solomon Sterling / Euro and US Dollar Following on from last week, the Pound plunged to the lowest level in two weeks against the U.S Dollar on Wednesday, while the UK currency also lost ground against the majority of the major currencies, with the exception of the struggling Euro. Investors bet that the [...]
Foreign Exchange Market News – Indian Rupee Update
Friday, March 26th, 2010by Jon Beddell Foreign Currency Market Update – Iindian Rupee Update A dip in inflation helped to confirm the Bank of England’s view that price inflation will continue to moderate, but it doesn’t do anything for interest rate expectations, which still price in very little tightening in 2010. The Consumer Price Index fell to 3% [...]
Foreign Exchange Daily News – The Pound declines despite a spike in retail sales as cocerns over a hung parliament persists
Friday, March 26th, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound enjoyed its biggest gain in more than a week against the U.S Dollar yesterday, while the UK currency spiked towards 1.1250 in early trading, before fading alarmingly through the course of the day. A report from the Office of National Statistics showed that UK [...]
Foreign Exchange Outlook – Podcast
Friday, March 26th, 2010Player not working? Click here. The foreign exchange outlook podcast from TorFX. Bringing you up to the minute currency market news. You can download the podcast directly from here, subscribe to the blog here or if you have iTunes installed click here.If you have any questions or comments about this Podcast please leave a comment [...]
Foreign Exchange News – Rand
Friday, March 26th, 2010by Jon Beddell Foreign Currency Market Update – Rand Update The South African Reserve Bank cut interest rates yesterday in a move designed to slow down the rapid appreciation of the Rand. Moving rates down to 6.5% the bank expressed concerns that the currency’s strength may hinder exports and derail the fragile economic recovery. At [...]
Foreign Exchange Update – Swedish Krona News
Friday, March 26th, 2010by Jon Beddell Foreign Currency Market Update – Swedish Krona Update A dip in inflation helped to confirm the Bank of England’s view that price inflation will moderate, but it doesn’t help sterling is interest rate expectations are firmly anchored at 0.5%. Sweden is one of the only countries with a lower interest rate than [...]
Foreign Exchange New Zealand Dollar News
Thursday, March 25th, 2010by Jon Beddell Foreign Currency Market Update – New Zealand Dollar Update The New Zealand dollar remains in high demand, hitting record highs against sterling today. On the data front, a dip in inflation helped to confirm the Bank of England’s view that price inflation will continue to moderate, but it doesn’t do anything for [...]
Foreign Exchange Australian Dollar News
Thursday, March 25th, 2010by Jon Beddell Foreign Currency Market Update – Australian Dollar Update The Aussie dollar remains in high demand, hitting record highs against the Euro today, and also trading towards the recent highs against sterling. On the data front, a dip in inflation helped to confirm the Bank of England’s view that price inflation will continue [...]
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