Flash crash sinks Pound to US Dollar rates

Poor UK Services lead to Sterling losses against the Euro (Tom Holian)

Sterling vs Euro exchange rates have fallen by a cent from the high to low today as the UK services sector showed a fall to 55.8 in December from 58.6 the month before. The data was the slowest rate of growth of 19 months but the good news is that it is still above 50 which represents growth in the sector. Although the data has been viewed as mildly negative and yes we've seen a fall today I think we'll see a Sterling fightback over the...

U.K GDP (Gross Domestic Product) Data as expected and Happy Thanksgiving to our readers...

This morning probably the biggest potential market mover of the day for the Pound came out exactly as had been expected and the markets are fairly flat following this.... Roughly 0.5% movement back for the AUD, NZD and ZAR against the Pound but all in all the markets are flat as a pancake so far so no need to panic if you have an imminent trade to carry out. Also, happy Thanksgiving to all in the USA and I hope you have a great day over...

Sterling has another positive day against most majors (Daniel Wright) Why did inflation data...

The Pound has had a fairly good day on the market once again with a further small improvement against the Euro pushing the GBP/EUR exchange rate extremely close to a two year high which makes it an extremely tempting time to secure Euros for the purchase of property overseas or indeed for any business requirements. I have had many clients this week decide to lock into their exchange rate on a forward contract to make sure they do not miss out on this current spike...
Escalating Trade War with China Putting Pressure on the USD

Sterling weakness likely ahead, will you you need to make a GBP exchange in...

The likelihood of further GBP weakness is strong as it becomes less and less likely the Bank of England will be raising interest rates any time soon! The raising and lowering of interest rates is directly attributable to the strength and weakness of a currency. Most certainly in the case of sterling investors will be buying the currency in the hope of the interest rate going up in the future and the currency then being worth much more. Just like a higher interest rate...
GBPEUR rate remains steady as markets await the Autumn Budget

What will affect the value of the pound this week?(Daniel Charles Johnson)

Pound Forecast UK inflation data was released today and there were worries of a significant rise, which would have been negative for the pound. The Unilever-Tesco is a prime of example of more expensive imports causing inflation and this problem could become more wide spread throughout commerce as the true impact of the vote to leave the EU filters through. There was a slight increase, but this was not considered large enough to warrant major problems for Sterling and as  result Sterling strengthened during today's trading...

As Janet Yellen releases her first FED statement, how will the market react? Sterling...

In her first statement since taking over from Ben Bernanke, Janet Yellen did little to surprise the market indicating that the bank will continue to cut its stimulus measures for the US economy. She said if the US economy keeps improving, the bank would take "further measured steps" to reduce its support. Ms Yellen noted the recent volatility in global financial markets, but said that at this stage it did not "not pose a substantial risk to the US economic outlook" and emphasised continuity in...
GBPEUR rate remains steady as markets await the Autumn Budget

Exchange rates focus on U.K inflation today – guide to future interest rate rises...

Good morning readers, Today inflation is going to be the main focus for the Pound as we see a release at 09:30am which may give further information as to how much time the BOE have to play with before an interest rate hike becomes a necessity. It appears inflation is still slowly creeping up and although some believe it may naturally drop away over the course of 2011 it is more than likely we will need a rate hike in the coming months to start pushing...

UK unemployment rate gives a lift for the pound (Dayle Littlejohn)

Its been a poor couple of weeks for the pound, as economic data suggests the UK economic recovery has slowed. Inflation figures released yesterday by The Office for National Statistics dented purchasing power throughout yesterdays trading period. The figure was released at -0.1 down from 0.2% and this his due to falling oil prices and a smaller than usual rise in clothing prices.  However sterling has had a lift today as Unemployment has dropped by 0.1% to 5.4% and the market has risen back into the...

Greek elections lead to further Euro weakness – Dollar breaks 1.50 (Daniel Wright)

Greek elections show Syrizia victory - Further Euro weakness Well we have certainly seen an extremely busy start to the year as far as the currency markets go and this weekend did not fail to add to the drama. Yesterday Greece voted in favour of the far left group Syrizia who have been saying throughout the campaign that they would aim to re-negotiate the Greek debt package. On top of this they have also suggested even looking to leave the Eurozone which would cause even further problems  in...
Sterling hits 3 month high against the US Dollar

Buying Euro and Dollar rates see gradual decline in an odd day for the...

The big market movers today came out between 8-10 am BST with buying Euro and Dollar rates barely flinching. However, following from 11am, the Pound began to slowly sink in the GBP/EUR and GBP/USD pairings but has begun to stabilise which why I am writing this article now. The focal point for markets this morning was inflation data being released for the Eurozone and the UK. Whilst the inflation levels for the UK came in slightly lower than expected, it was still a vast improvement...