Search Results for: Sterling
British pound slips from six-week highs before EU summit
September 19th, 2018
The British pound pulled back from six-week highs on Tuesday as traders booked profits and investors struck a more cautious note about progress towards a Brexit deal ahead of a European Union summit this week. Sterling has rallied around ...
Investment fraud led to the loss of more than £2.8m of investors’ money
September 10th, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued an announcement to inform about FCA’s second largest ever criminal prosecution and most complex fraud investigations. Operation Tidworth was ...
Dollar dips as Pound bounce; Emerging currencies seen curbing safe-haven dollar’s fall
September 6th, 2018
The dollar sagged on Thursday as the pound led a bounce in European currencies, although skittish emerging market currencies and global trade concerns limited the greenback’s losses. The Australian dollar also dipped, failing to draw support from slightly better-than-expected ...
Currency Woes
August 17th, 2018
This week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market currencies are in trouble because of the withdrawal of dollar liquidity. There are huge quantities of ...
Euro to Pound exchange rate strengthens following bolstered balance of trade
August 17th, 2018
The Euro Pound (EUR/GBP) exchange rate is trading at its highest level this week after the EU released the Eurozone’s latest balance of trade data. The figure came in at €22.5bn, lengthening the previous surplus of €16.5bn and beating ...
Pound frail on worries over no-deal Brexit, dollar steady
August 7th, 2018
The pound stayed fragile on Tuesday after falling to an 11-month low against the dollar overnight on worries over a ‘hard’ Brexit from the European Union, while simmering U.S.-China trade tensions provided support to the greenback. Comments from officials ...
BoE hikes UK interest rate hike but Pound exchange rates whipsaw
August 3rd, 2018
In spite of Bank of England (BoE) policymakers voting unanimously to raise interest rates the GBP/EUR exchange rates whipsawed, ultimately ending lower at around £/€1.1224. Although the Pound initially rallied in response to the rate hike this strength proved ...
Pound to Euro exchange rate dips on UK consumer confidence disappointment
August 1st, 2018
On Monday, the Pound to Euro exchange rate opened in the region of €1.1244 and closed down lower around €1.1219. This deterioration in the value of the Pound was mainly caused by Eurozone economic data, which supported the single ...
Dollar recovers after weak start
July 24th, 2018
The dollar pulled back against its major rivals at the start of the new trading week, but has since staged a recovery and is now trading modestly to the upside. Economic data has been sparse Monday and things will ...
Euro nears four-week highs as the Chinese yuan rebounded
July 10th, 2018
The Chinese yuan rebounded and the euro rose to its highest since June 14 on Monday as investors bought riskier assets following favourable U.S. jobs data last week and evidence that global trade tension has not yet slowed economic ...
