Posts Tagged ‘US Dollar’
Better than expected…
The Pound has continued its recent recovery against the Euro and the US Dollar following the double bout of good news released earlier this week of better than expected UK GDP and S & P’s UK credit rating upgrade to AAA Stable. The Pound is now trading near 1.15 against the Euro and near 1.59 [...]
Currency Matters
Posted in Currency News Currency Updates by mporter
The US Dollar has continued to fall following Tuesday’s meeting of the Federal Reserve. At the meeting the Federal Reserve kept interest rates on hold at 0.00-0.25% and kept quantitative easing at current levels. However, the Federal Reserve opened the door to the possibility of additional quantitative easing indicating that it would be prepared to [...]
US Dollar
Posted in Currency News Currency Updates Uncategorized by mporter
The US Dollar has fallen sharply late this afternoon (14/09/10) following a report from Goldman Sachs suggesting that the Federal Reserve could announce a new program of asset purchases (quantitative easing) in order to support the weak economy and to try and avoid a double dip recession.
The Euro has made strong gains against the US Dollar, [...]
Bank of England
Posted in Currency News Currency Updates by mporter
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 [...]
UK GDP figures boost Sterling
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.
Currency Matters – 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 [...]
Currency Update – Sterling pressured
Posted in Currency News Currency Updates by mporter
Sterling has started March under significant pressure. Monday morning saw a dramatic fall in the value of Sterling with the Pound falling as low as 1.0930 against the Euro and 1.4780 against the US Dollar. There are currently a number of factors contributing to Sterling’s sharp fall in value.
Firstly, the latest opinion polls are suggesting [...]
Currency Update
The US Dollar has continued to appreciate following last night’s unexpected announcement by the Federal Reserve to increase its Discount Rate by 0.25% to 0.75%. The Discount Rate is the rate US banks are charged at to borrow emergency funding from the Federal Reserve. The Target Rate that banks usually borrow at remains on hold [...]
Currency News
Posted in Currency News Currency Updates by mporter
Last week the currency markets were firmly focused on the Euro with the fiscal problems of Greece and also Spain and Portugal taking the headlines. Speculation built throughout the week that the other European Monetary Union states, led by Germany, would come to Greece’s aid. However, markets were clearly disappointed that whilst a rescue package [...]
Search Our Site
Request A Call Back