Pound — News Archive

Euro a Little Lower Against US Dollar Following “Safe” Claim

Earlier today, a member of the European Council proclaimed the euro “safe” and the eurozone economy on the road to recovery. Euro is a little lower against the dollar following this announcement, but this probably has more to do with profit taking after a recent run by the 17-nation currency.

UK Unemployment Claims Fall, Sterling Advances

The Great Britain pound advanced today as the number of Britons seeking unemployment benefits was smaller than analysts have previously estimated, giving evidence that the UK economy is recovering.

UK Fundamentals Lead to Mixed Performance of Sterling

UK fundamentals were mixed today, resulting in no clear trend for the Great Britain pound. The currency rose against the US dollar, fell versus the Japanese yen and was little changed against the euro.

Euro Trades Mixed With All Eyes on Germany

Euro is trading mixed today as focus shifts from Asia to the eurozone, specifically Germany. There are a couple of key arguments coming before German courts, regarding ECB measures to shore up ailing eurozone countries, and many are interested to see how things are likely to play out.

Pound Closes Lower vs. Dollar, Gains on Yen

The Great Britain pound fell against the dollar as US employment growth exceeded expectations. The currency erased losses versus the Japanese yen and trimmed its drop against the euro as the UK trade balance deficit narrowed.

Greenback Gets Upper Hand on Payrolls Data

US dollar is heading higher today following the most recent payrolls data. The result is adding a bit of confusion, though, since it muddies the water as to what might be next for the Federal Reserve.

Pound Advances as BoE Refrains from Additional Stimulus

The Great Britain pound strengthened today after the Bank of England left its monetary policy unchanged, refraining from additional stimulus.

Pound Rises as Services Expands Faster than Expected

The Great Britain pound advanced today as UK service industries expanded last month with fastest pace in more than a year, exceeding analysts’ expectations and adding to signs of economic recovery in the United Kingdom.

GBP/JPY Rises After Surprising Expansion of Construction PMI

The Great Britain pound rose against the Japanese yen today as construction made a pleasant surprise, unexpectedly expanding last month, adding to signs of recovery. The currency was little changed against the US dollar and the euro.

Japanese Yen Higher Against Major Counterparts

Japanese yen is moving higher against its major counterparts today, gaining some ground as questions about the recent easing policies come to light. Some think that the recent (and dramatic) drop in the yen was too much, and now there is a bit of a correction, sending the yen higher against other currencies.

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