The Bank of England has today kept UK interest rates on hold at 0.5% and the Bank’s current asset purchase scheme known as quantitative easing also remains on hold at £200 billion. The Pound continues to look firm against the US Dollar trading above 1.58 on the interbank market and against the Euro the pound trades near 1.20. The market will now await the European Central Bank announcemen...

This morning the Office for National Statistics released its latest UK GDP estimate. The estimate was better than market expectations at 1.1% quarter on quarter and at 1.6% year on year. As a result the Pound has appreciated towards 1.54 against the US Dollar and 1.19 against the Euro.

The Euro was boosted last week by the successful bond auctions by a number of Eurozone states.  The demand was sufficient enough to ease concerns that Eurozone states would struggle to raise funds on the international markets. As a result the Euro appreciated against the US Dollar pushing EURUSD through 1.30, and EURGBP through 0.84p. This morning EURGBP trades at interbank 0.8475, forcing the...

The Pound has strengthened again following yesterday's Budget and this morning’s Bank of England minutes. The minutes showed that whilst seven members of the Monetary Policy Committee voted to keep interest rates on hold at 0.5% one member voted for a 0.25% increase. The Bank of England also voted to keep its current Quantitative Easing Asset Purchase Programme on hold at £200b. Please do no...

The Pound is currently trading at its highest level against the Euro since December 2008. Please do not hesitate to contact the dealing team on 01695 581 669 for a live quote.

The Bank of England has today kept UK interest rates on hold at 0.5% and the Bank’s current asset purchase scheme known as quantitative easing also remains on hold at £200 billion. The Pound continues to look firm against the US Dollar trading above 1.58 on the interbank market and against the Euro the pound trades near 1.20. The market will now await the European Central Bank announcemen...

This morning the Office for National Statistics released its latest UK GDP estimate. The estimate was better than market expectations at 1.1% quarter on quarter and at 1.6% year on year. As a result the Pound has appreciated towards 1.54 against the US Dollar and 1.19 against the Euro.

The Euro was boosted last week by the successful bond auctions by a number of Eurozone states.  The demand was sufficient enough to ease concerns that Eurozone states would struggle to raise funds on the international markets. As a result the Euro appreciated against the US Dollar pushing EURUSD through 1.30, and EURGBP through 0.84p. This morning EURGBP trades at interbank 0.8475, forcing the...

The Pound has strengthened again following yesterday's Budget and this morning’s Bank of England minutes. The minutes showed that whilst seven members of the Monetary Policy Committee voted to keep interest rates on hold at 0.5% one member voted for a 0.25% increase. The Bank of England also voted to keep its current Quantitative Easing Asset Purchase Programme on hold at £200b. Please do no...

The Pound is currently trading at its highest level against the Euro since December 2008. Please do not hesitate to contact the dealing team on 01695 581 669 for a live quote.

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