The pound climbed just over two cents against a broadly weakened aussie dollar on Friday with a rise in risk aversion putting selling pressure on the higher-yielding currency.
Weak data in the US and plummeting global equity markets enable …
In a poor day for the kiwi dollar, the pound rose by over seven cents, or 3.1%, against the kiwi, reaching a one-month high as traders withdrew long positions.
A slide on Wall Street and on European share indices, …
Sterling managed to close last week at a near two-week high of 2.2056 against kiwi, as the UK currency continued to build on support from a BoE official.
The ailing pound managed to build on Thursday’s gains, rallying a …
The pound edged lower against the kiwi dollar yesterday as investors continued to shift their funds into high-yielding currencies, with the pair closing at 2.1542.
Commodity and equity markets rallied higher yesterday, including a rise of nearly a percent …
The aussie climbed a further two cents yesterday as figures revealed rising employment in Australia, and as rising risk appetite supported strong demand for high yielding currencies.
The Australian dollar continued to push higher as encouraging data from the …
The pound rebounded nearly two cents from its intra-day low against the aussie, halting its sharp slide and posting marginal gains of 0.2%, to close the day up at 1.7912.
The Australian dollar has rallied strongly over the past …
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.
Both unemployment claims in the US and manufacturing data posted worse-than-expected figures, …