by Jon Beddell Foreign Currency Market Update – GBP / USD Update The pound took a blow yesterday when ratings agency Fitch said that the UK faces a “formidable” challenge in reducing the deficit and stabilising government finances. However, markets were not unduly effected because this is nothing new. The prime minister has been voicing [...]
Exchange Rate Forecasts
June, 2010
Foreign Exchange Market News – US Dollar Update
Wednesday, June 9th, 2010Foreign Exchange Market News – Euro Update
Wednesday, June 9th, 2010by Jon Beddell Foreign Currency Market Update – GBP / EUR Update Sterling has continued to outperform the Euro over the last week as sovereign debt stories dominate the news wires. The pound took a blow yesterday when ratings agency Fitch said that the UK faces a “formidable” challenge in reducing the deficit and stabilising [...]
Foreign Exchange Daily Insight – The Pound rallies higher against the Euro, despite comments from David Cameron on the state of UK public finances
Tuesday, June 8th, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound has continued its upwards momentum against the Euro yesterday, rising to a high of 1.2176 in early trading, despite comments from the Prime Minister David Cameron, who seems to be preparing voters for the deepest public spending cuts since Margaret Thatcher’s reign. The Chancellor [...]
Foreign Exchange Daily Insight – The Pound rallies to a fresh 18 month high against the Euro of 1.2132
Monday, June 7th, 2010by Adam Solomon Sterling / Euro and US Dollar Following on from last week, the Pound rallied back above the 1.20 level against the Euro on Thursday, approaching the highest rate in 18 months, after a report from the Nationwide Building Society showed that UK house prices climbed to the highest level in almost two [...]
Foreign Exchange News Flash – Euro declines heavily against the majors!!!
Friday, June 4th, 2010by Adam Solomon The Euro has weakened significantly against the U.S Dollar this morning, dropping under $1.21 for the first time since April 2006. The single currency has also fallen to a 13-month low versus the Pound, as stocks plunge worldwide on concern that Europe’s sovereign debt crisis will worsen. The benchmark Stoxx Europe 600 [...]
Foreign Exchange Daily Insight – The Pound rallies against the Dollar, as UK stocks rebound for the first time in three days
Friday, June 4th, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound rallied back towards the 1.20 level against the Euro yesterday, approaching the highest rate in 18 months, after a report from the Nationwide Building Society showed that UK house prices climbed to the highest level in almost two years. Sterling also gained to within [...]
Foreign Exchange Daily Update – The Pound rallies against the Dollar as Prudential Plc fail in their acquisition of AIG’s Asian unit
Thursday, June 3rd, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound began the day on a firm footing yesterday, as some investors bet that the collapse of Prudential Plc’s $35.5 billion bid for an American International Group Asian division will ease concern that the UK insurer would begin selling large quantities of Sterling. The UK [...]
The Euro continues to suffer from fallout over the series of European sovereign debt stories
Wednesday, June 2nd, 2010by Jon Beddell Foreign Currency Market Update – GBP / EUR Update The Euro continues to suffer from fallout over the series of European sovereign debt stories that have gripped the financial headlines over recent weeks, falling to the lowest level against the US dollar since April 2006, and also allowing sterling to break new [...]
Foreign Exchange News Podcast
Wednesday, June 2nd, 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 Currency Daily Insight – The Pound rallies to the highest level against the Euro in 18 months
Wednesday, June 2nd, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound rallied strongly against the majority of the 16 most actively traded currencies yesterday, as the UK currency rose to the strongest level in 18 months versus the Euro, hitting a high above the pivotal 1.20 level. Sterling also rose impressively versus the U.S Dollar, [...]
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