The Euro declined steadily through the course of the day and a break of near-term support levels around 1.33 helped trigger further losses towards 1.3250. Sterling / Euro and US Dollar exchange rates The Pound rallied from the lowest level in two weeks versus the Euro yesterday, after the EC economic sentiment index showed that [...]
Exchange Rate Forecasts
Posts Tagged ‘Daily Insight’
The Pound rallied from the lowest level in two weeks versus the Euro
Friday, March 30th, 2012The Pound remained under pressure against the Euro
Tuesday, March 27th, 2012The Euro endured a mixed day against the U.S Dollar yesterday and retreated to lows below 1.32 last night in choppy trading conditions. Sterling / Euro and US Dollar exchange rates The Pound remained under pressure against the Euro yesterday, falling back towards 1.1950 through the course of the day, but the UK currency advanced [...]
The Pound endured a mixed week against the majors
Monday, March 26th, 2012The Euro gained support against the U.S Dollar last week from Greece’s parliamentary approval for the second loan package, although it was largely considered a formality. Sterling / Euro and US Dollar exchange rates Following on from last week, the Pound endured a mixed week against the majors, falling through 1.1950 versus the Euro and [...]
The Pound has picked up against the USD during trading this morning
Friday, March 23rd, 2012Economic data today is light. Therefore movements today are likely to be impacted by stock market fluctuation, and possible risk sentiment. Sterling / Euro and US Dollar exchange rates The Pound has picked up against the US Dollar during trading this morning, testing the 1.5900 resistance level on interbank, and once again reaching a low [...]
The Pound declined against all of the 16 most actively traded currencies
Thursday, March 22nd, 2012The Euro gained support against the U.S Dollar yesterday from Greece’s parliamentary approval for the second loan package, although it was largely considered a formality. Sterling / Euro and US Dollar exchange rates The Pound declined against all of the 16 most actively traded currencies in early trading yesterday, falling through 1.1950 versus the Euro [...]
The Pound rallied through 1.20 against the Euro to a high of 1.2063
Tuesday, March 20th, 2012The Euro edged lower against the Dollar yesterday as losses in the equity market improved demand for safe haven currencies. Sterling / Euro and US Dollar exchange rates The Pound rallied through 1.20 against the Euro to a high of 1.2063 by midday in London and the UK currency also rallied towards 1.59 versus the [...]
The Pound weakened against the Euro for the first time in three days on Friday
Monday, March 19th, 2012The Euro initially found support in the region of 1.3050 against the U.S Dollar and staged a brief rally before hitting strong resistance at 1.31. Sterling / Euro and US Dollar exchange rates Following on from last week, the Pound advanced towards 1.5850 against the U.S Dollar and continued to make strong gains versus the [...]
The Pound declined against the major currencies yesterday following a credit rating warning from Fitch
Friday, March 16th, 2012Yesterday the Swiss National Bank announced its continuing commitment to maintaining its EUR/CHF cap at 1.20 and upgraded their growth forecast from 0.5% to 0.8% for 2012. The Pound declined against the almost all of the major currencies yesterday following a credit rating warning from Fitch. The credit-rating agency followed in Moody’s recent footsteps and [...]
The Pound continued to make strong gains versus the Euro
Thursday, March 15th, 2012The Euro to US Dollar initially found support in the region of 1.3050 and staged a brief rally before hitting strong resistance at 1.31. Sterling / Euro and US Dollar exchange rates The Pound advanced towards 1.5750 against the U.S Dollar yesterday and continued to make strong gains versus the Euro with resistance in the [...]
The Pound weakened further against the U.S Dollar
Wednesday, March 14th, 2012The Pound weakened further against the U.S Dollar. Sterling / Euro and US Dollar exchange rates The Pound weakened further against the U.S Dollar yesterday, falling back towards 1.5620 in London, as reports emerged that U.S retail sales increased to a five month high in February. The 1.1% increase in sales reflects the renewed sense [...]
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