Saturday, 22nd July 2017

Pound Sterling News

This is the category page for all Pound Sterling news here on ukfx.co.uk...

Dollar extends its decline

24 Jul at 9 AM

News Item Link: Dollar extends its decline

The decline in the dollar continues as the greenback hits its lowest level in around a month. However, investors are now focused on economic data to be released by China later. Any signs that the world’s second-largest economy is slowing down could offer support to the dollar. The dollar index fell 0.3 per cent on Tuesday and is...

Dollar softens against the yen

17 Jul at 9 AM

News Item Link: Dollar softens against the yen

A dovish approach by chairman of the US Federal Reserve, Ben Bernanke, has pushed the dollar lower. Overnight the greenback slid to its lowest level in nearly three weeks with the dollar index losing 0.6 per cent to hit 82.639. This saw some recovery in the euro, which ended at $1.3140. Although the dollar is down on its high of 101.53...

Euro and pound hammered

10 Jul at 10 AM

News Item Link: Euro and pound hammered

Suggestions that the European Central Bank intends to keep interest rates low for the foreseeable future have driven the euro and the pound down. The single currency is currently trading at $1.2779, having earlier dipped as low as $1.2755. Joerg Asmussen, policy-maker at the ECB, said he expected interest rates to remain at a record low for...

Dollar inches higher against yen and euro

3 Apr at 9 AM

News Item Link: Dollar inches higher against yen and euro

The yen has dipped slightly against the US dollar as has the euro ahead of policy meetings at both the European Central Bank and the Bank of Japan. The dollar is currently trading at 93.50 yen, a rise of 0.1 per cent. New governor of the BoJ, Haruhiko Kuroda, is expected to push forward with stimulus plans although the bar has been set...

Euro continues to suffer

20 Mar at 9 AM

News Item Link: Euro continues to suffer

The euro is close to its lowest level in four months against the US dollar as Cyprus risks ejection from the eurozone after rejecting the terms of a bailout. However, many analysts believe that, as in the past, the European Union will work to hammer out a compromise as the implications of Cyprus being expelled from the single currency are too...

Pound drops against disappointing industrial output

13 Mar at 9 AM

News Item Link: Pound drops against disappointing industrial output

An unexpected fall in industrial output in January has seen sterling weaken to $1.4832, the lowest level for the pound against the dollar since June 2010. The British currency also hit A$1.4370, its lowest point against the Aussie since 1985. In a note ANZ pointed to a lack of fresh initiatives and a lack of ability to ease fiscal policy at...

Commodity currencies boosted by bets on riskier assets

6 Mar at 9 AM

News Item Link: Commodity currencies boosted by bets on riskier assets

Commodity currencies have been given a boost by an improved appetite for riskier assets as the euro struggles to make gains ahead of a policy meeting at the European Central Bank. The mood has been given a boost by a commitment to bond buying at the US Federal Reserve and the probability that the Bank of England, ECB and Bank of Japan will...

Yen slumps against the euro and the dollar

6 Feb at 9 AM

News Item Link: Yen slumps against the euro and the dollar

The yen has hit its lowest level in 33 months against the euro and the US dollar as investors expect a new governor of the Bank of Japan to be more receptive to aggressive monetary easing. On Tuesday, current governor Masaaki Shirakawa announced he would be ending his term three weeks earlier than expected on 19 March. A meeting next week...

Forex interest returns

30 Jan at 12 PM

News Item Link: Forex interest returns

Investment in foreign currencies has hit an upturn as the UK pound, Swiss franc and Japanese yen decline. Investors have been encouraged by better sentiment with regard to the eurozone. A surge in yen trading followed an announcement by the Bank of Japan that it would be introducing measures to counter deflation on 22 January. Barclays...

Yen drops as stimulus measures predicted in Japan

21 Nov at 9 AM

News Item Link: Yen drops as stimulus measures predicted in Japan

The yen has dropped against a number of other major currencies as expectations are that Japan will pursue aggressive stimulus measures to kick start the economy if Shinzo Abe, leader of the opposition, becomes the next prime minister. The US dollar rose 0.18 per cent against the yen to end at 81.82. Earlier in the week the Bank of Japan...