Can the pound continue its recent strong run to finish off the week?
Sterling exchange rates have fallen slightly this morning but are still set to post strong gains across the board this week, continuing a run that has now seen the pound set some levels not seen for a good while. Notably reaching a high not seen since November 2008 against the Euro, remaining close to a seven month high against the greenback (USD) and trading at year highs against the AUD and NZD. However it is not just the so called major currencies that the pound has posted strong gains...
Sterling continues to strengthen against the Euro and riskier currencies but declines against the...
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Sterling hits a 3 and a half year high against Euro, has broken 1.60...
If you need to make a transfer into a foreign currency then now may be the ideal time to seriously consider your options. The Pound is the highest it has been against a basket of major currencies for over 35 months. If you have a larger sum to do it may be prudent to hedge your bets and look at securing half of your currency whilst rates are at such great levels.
Sterling Euro
We now have not only Economic problems but also political problems throughout...
Elections do lead to Euro weakness as predicted before the weekend – Euro troubles...
Both France and Greece are the talking point this morning following election results that may now weigh heavilly on the Euro in the coming weeks and months.
France's new socialist Presidente Francois Hollande and his anti austerity agenda may now lead to huge disruption for progress in this European debt crisis as he appears to be against Angela Merkel and previous President Sarkozy's measures and this may cause political troubles throughout Europe. political instability is one of the main factors that can effect a currency and...
Sterling exchange rates have had a solid week… Elections and Non Farm Payroll data...
The Pound has once again had an encouraging week against most of the majors as confidence in Sterling is still fairly high - Even with a technical recession hanging over our heads investors seem to be able to see past that and in my opinion the U.K is being seen as "The best of a bad bunch" hence the minor confidence and strength in the Pound.
French elections will weigh heavilly on the Euro over the weekend, and the pending results may lead to an...
Sterling hits a 33 month high against a basket of currencies on a trade...
Sterling has continued its recent resurgence hitting a 33 month high against a basket of currencies on a trade weighted basis. This has included a notable high against majors such as the Euro (a 22 month high), US dollar (7 month high), AUD and NZD (year highs). To me these must represent some fantastic buy opportunities and may well come as a welcome relief to many. For those with an upcoming requirement involving Sterling watch out for UK PMI for the services sector at 09:30. The...
Sterling Euro hits 22 month high once again!
Following better than expected mortgage approval data and not too terrible PMI (Purchasing Managers Index) data we have seen Sterling have yet another gravity defying start in early morning trading.
The Pound is up against pretty much all majors, not by a huge amount but it is still up. Personally I feel that the sudden confidence in Sterling is due to it now being the best of a bad bunch.... Surely any investor with their head screwed on would be wary of the Euro at...
Still a very busy week for Pound Sterling Exchange rates.. Is the Pound going...
The pound lost slightly today in early morning trading due to PMI Manufacturing data coming out worse than expected. The figures still pointed to a sector in expansion, but were not a strong as predicted. This release makes tomorrow and Thursday's PMI data key for anyone buying or selling the pound this week.
These PMI (Purchasing Managers Index) surveys are a snapshot of the relevant sector and provide the most up to date information relating to an economy. They are of course not definitive, but for...
Sterling hits a 32 month high on a trade weighted basis against the major...
If you need to make a transfer into a foreign currency then now may be the ideal time to seriously consider your options. The Pound is the highest it has been against a basket of major currencies for over 32 months and with the fact that the U.K is technically in a recession you just cannot be too sure that these gains can continue.?!
Sterling Euro
With Spain notably in quite a lot of trouble and plenty of political problems within Europe you would imagine that...
Spain sees credit rating downgrade leading to further Euro weakness against Pound – US...
Credit rating agency Standard and Poors have knocked down Spains credit rating another two notches to BBB+. With Spanish unemployment nearing 25% and the economy looking in great danger of becoming Greece the part two....
Spain now appears that it may be the next weight piled on the European Central Bank's shoulders in the coming weeks and months and as mentioned before this is a much bigger situation than we have had previously and will indeed make confidence in the Euro extremely low.
If you have...