United Kingdom — News Archive

US Dollar Gets Help From Latest Retail Sales Data

US dollar is getting a boost today, thanks to the latest retail sales data. While the data wasn’t super-impressive, it still showed solid gains, and that is supporting speculation that Fed tapering will end sooner rather than later.

UK Pound Gains After BOE Policy Explanation

UK pound is heading higher today, gaining ground against major counterparts after yesterday’s drop. The latest news from the Bank of England is helping the pound against other currencies.

Euro Pares Earlier Gains as Fed Tapering Fears Hit Markets

Euro was trading at a high not seen for almost seven weeks against the US dollar earlier, but much of that is gone now. Euro is just barely hanging on against the greenback right now, and has slipped against the pound. Even with the latest factory orders from Germany, the euro can’t overcome talk about Fed tapering.

US Dollar Trims Declines on Better Economic News

US dollar is paring some of its earlier losses against some of its counterparts on the latest economic news to be released. Many Forex traders are looking for direction, and taking this opportunity to mull the latest news from around the world.

US Dollar Maintains Its Strength in the Midst of Risk Appetite

Even though risk appetite appears to be on the rise today, the US dollar is gaining ground. Greenback is heading higher as investors and others look to the future of possible Fed tapering, and compare the US economic recovery to the situations in other countries.

UK Pound Mixed After Economic Releases

In a big week for economic data, the UK pound is mixed following today’s earlier releases. Pound drifted higher briefly, before falling against its low-beta counterparts, even while remaining higher against the euro.

UK Pound Drops on Latest GDP Data

UK pound is lower against the euro today, thanks in large part to the latest GDP data. Sterling hasn’t changed much against the US dollar, and is higher against the Japanese yen.

Japanese Yen’s Current Gains Probably Temporary

Japanese yen is heading higher today, bouncing following a drop accompanying the latest Japanese election. With Shinzo Abe confirmed in the Prime Minister spot, it appears as though there is a stamp of approval for further measures that are likely to result in more weakness for the yen.

Euro Continues to Struggle on Uncertainty

Euro continues to struggle a bit today, dropping against the dollar and the pound as eurozone uncertainty remains the focus for many traders. Angela Merkel appears to have a plan in mind for saving the euro, but it remains to be seen whether or not it will work — and whether or not eurozone leaders will be on board.

UK Pound Lower as BOE Policy Expected to Remain Accommodative

UK pound is down against its major counterparts today, dropping as expectations that the Bank of England will keep its monetary policy weigh on the currency.

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