Forex News

The Great Britain pound rose against the euro at the start of today’s Forex trading session after the British Chambers of Commerce raised its forecast for Britain’s economic growth in this and the next years. The sterling fell later but currently is rising again. Britain’s currency fell versus the US dollar and the Japanese yen.

The US dollar posted a mixed week against the other currencies on Forex, as the investors didn’t seem to be certain of which direction to choose on worsening of the economic situation and intervention threats from Japan.

The euro increased against all of its major rivals today, as the US GDP report signaled that the market participants dug themselves to deep into the pessimism of the risk-aversion and that it’s still a good idea to buy currencies near their medium-term bottoms.

The euro continued its recovery trend against the dollar and the yen today as some more-or-less positive news spurred the growth of the stock market up from its bottom.

The Great Britain pound fell to its one-month low against the USD and to the 3-month low against the yen, following the comments of the country’s monetary officials and the global bearish trend for the riskier assets.

The Great Britain pound rose versus the greenback on the report from the US about more than expected job losses. The sterling fell against the euro and the dollar as the data from the UK itself hasn’t gave many reasons for optimism.

The Great Britain pound jumped against all other major currencies today as the British GDP data release surprised all Forex market participants with extremely high values, beating even the optimistic forecasts.

The euro is growing against the other major currencies today, as the European banks’ stress test speculations provide a better ground for the Forex traders than the sovereign debt risk concerns in some of the Eurozone countries.

The Great Britain pound rose today against the U.S. dollar and the euro on the speculation that the planned budget cuts wouldn’t damp the economic growth and after the Bank of England signaled that it might raise the interest rates.

The Great Britain pound strengthened today against the U.S. dollar and some other most-traded currencies after the retail sales rose more than expected, suggesting that Britain’s economic recovery is strengthening.