Recession concerns hurt sterling
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Pound sterling fell sharply yesterday morning after figures showed momentum in Britain's private sector slowed much more than expected, adding ... Read More >
Economic updates
Euro gaining against the USD and GBP
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The euro is finding its feet against the USD after sinking to a 5-year low of 1.0350 a few weeks ago. Since the low, EUR/USD has gained nearly ... Read More >
GBP pressure continues
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The pound sterling was in for another difficult day yesterday as it continued to lose ground against both the USD and EUR. GBP headed to 1.2260... Read More >
Sterling sell off continues
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A similar story to last week as we enter a new week with the pound opening today on the backfoot. Now trading in the 1.16’s and 1.22’ versus ... Read More >
Sterling continues to sink
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The pound has opened the morning marginally stronger against both the euro and dollar, despite falling a step lower against both throughout the... Read More >
US raise interest rates, will BoE follow today?
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Sterling climbed to its highest level in over a week against the USD, 1.2638, however those gains have been reversed this morning as sterling c... Read More >
Major currency pairs remain relatively unchanged
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Major currency pairs remained relatively unchanged overnight with little impetus from yesterday's trading session. GBP has managed to hold it... Read More >
Euro drops on gas woes
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After 5 days of losses against the dollar, the euro to dollar exchange rate has dropped to record 5-year lows. Falling over 4% in the past 5 wo... Read More >
Pound lost 2% since Monday
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The pound had a torrid session yesterday, falling against the majority of currencies. GBP/USD has already lost more than 2% since we opened on ... Read More >
USD benefits across the board on poor risk sentiment
Good afternoon,
The GBP/USD rate continued to fall yesterday from the mid-1.28s to a low of 1.2700, a drop of nearly 1.15%. Sterling has been struggling sinc... Read More >