Having traded in the red during the morning session, the pound rebounded back over $1.64, climbing for the fifth consecutive day and reaching a near one-month high of $1.6422.
Posts Tagged ‘Economy’
Pound reached over $1.64 yesterday, but has slipped half a cent in trading this morning
Posted by Forex News Resource on October 20th, 2009
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Data on retail sales have supported the dollar
Posted by maradona on October 14th, 2009
The report on retail sales drop in September, which turned out to be weaker than analysts expected has had a positive impact on the dollar, which currently continues to demonstrate the desire to recover some losses .
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Euro advanced against the greenback, buoyed by a relatively upbeat ECB rate statement
Posted by Forex News Resource on October 9th, 2009
The single currency climbed to a two week high of 1.4815 yesterday as investors continued to sell the dollar to fund riskier trades.
The sterling/euro price closed relatively unchanged yesterday as both the MPC and ECB held rates.
Posted by Forex News Resource on October 9th, 2009
Sterling was unable to build on Wednesday’s gains, as trading between the pair held steady following a relatively muted market response from the two interest rate statements.
- Yesterday morning, the pair remained tightly range bound as investors held back from taking positions ahead of the rate statements from the two central banks.
Sterling edged up against a broadly weaker dollar ahead of important central bank announcements
Posted by Forex News Resource on October 8th, 2009
The pound reversed its steady decline against the greenback yesterday as investors relinquished defensive positions ahead of today’s MPC announcement.
- Cautious investors initially sought safety ahead of the two key central bank meetings today, putting pressure on the UK currency.
The kiwi dollar has risen sharply following a positive business survey and the RBA rate increase
Posted by Forex News Resource on October 6th, 2009
The kiwi dollar posted a 2.1% gain, a movement of four and half cents, against the pound yesterday in the wake of a strong business confidence survey.
Selling pressure held firm on the pound yesterday, with the euro price falling below €1.08
Posted by Forex News Resource on October 6th, 2009
The pound was unable to capitalise on improved services data, eventually losing over half a cent to a broadly stronger euro.
- The pound initially found some respite as positive data from the services sector bolstered expectations that the economy resumed growth in the third quarter.
Pound made gains against the aussie on Friday following weak US data
Posted by Forex News Resource on October 5th, 2009
The pound advanced a further cent against the aussie on Friday, building on strong gains, as investors remained cautious following weak US employment figures.
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The euro posted gains against the US dollar on Friday and has reached back over 1.46 this morning
Posted by Forex News Resource on October 5th, 2009
The single currency shrugged off worse-than-expected US non-farm payrolls data to post gains, closing up 0.2% at 1.4574.
- Date revealed that the US economy lost 263,000 jobs in September, which was more than had been expected, according to official non-farm payrolls figures.
Weak US data sapped demand for the aussie yesterday, enabling the pound to gain
Posted by Forex News Resource on October 2nd, 2009
The pound rebounded strongly yesterday, gaining over two cents, or 1.3%, as a sharp rise in risk aversion in the market, dulled demand for the ‘riskier’ currency.
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