House Prices — News Archive

Pound’s Rally Losing Steam

The Great Britain pound is struggling against other major currencies today. While the outlook for the Bank of England’s monetary policy remains very supportive for the currency, it looks like the last week’s rally is losing steam.

Australian Dollar Avoids Impact of Negative Domestic Data

The Australian dollar held steady against its US counterpart and managed to gain on the Japanese yen today even though economic data from Australia was not particularly supportive to the currency.

Great Britain Pound Dips as Greek Talks Fails

The Great Britain pound dipped against the US dollar and erased its earlier gains versus the Japanese yen today as traders have flocked to safer currencies after the weekend talks between Greece and its creditors had failed.

Detrimental Fundamentals Don’t Deter Pound from Rising

Lately, macroeconomic fundamentals were detrimental to the Great Britain pound, but that did not prevent the currency from ending Friday with gains. In fact, the sterling reached the highest level since September 2008 against the Japanese yen.

Pound Retains Strong Upward Momentum

The Great Britain pound extended its move upward today, rising to the highest level since November against the US dollar and gaining versus the Japanese yen. Today’s economic data was supportive for the currency while yesterday’s news was not so much.

Great Britain Pound Logs Gains After Economic Data

The Great Britain pound rallied today, reaching the strongest level in a month versus the US dollar, as macroeconomic data from the United Kingdom was relatively positive. The softness of the US currency added to the upside momentum of the sterling.

Great Britain Pound Retains Weakness vs. Dollar & Yen

The Great Britain pound sank yesterday after the Bank of England made no changes to its monetary policy and UK economic data came out mixed. While the sterling erased its losses versus the euro today, the currency retained its weakness versus the US dollar and the Japanese yen.

BoE Provides No Surprises, GBP Higher vs. JPY, Lower vs. USD

The Bank of England provided no surprise to the Forex market at today’s meeting, keeping its monetary policy unchanged. The Great Britain pound gained on the Japanese yen after the news but was unable to beat the US dollar.

New Zealand Dollar Shows Resilience in Face of Poor Data

The New Zealand dollar was surprisingly strong during the current trading session even though macroeconomic news from the South Pacific nation was not good at all today.

Aussie Extends Rally vs. Yen, Drops vs. Greenback

The Australian dollar continued to rally against the Japanese yen today following yesterday’s gains but fell against other major currencies including the US dollar. News from Australia itself was good but reports from China were disappointing.

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