United Kingdom — News Archive

Euro Gets Help from Improved Morale

Euro is getting a little help today, thanks to improved morale in the eurozone. Even though the 17-nation currency is struggling against the US dollar, the euro is higher against some of its other major counterparts. There is a lot for Forex traders to think about as this week draws to a close.

UK Inflation Report Sends Pound Lower

The latest report on inflation out of the United Kingdom was disappointing, and is weighing on the pound. Without inflation to indicate economic growth and a need for tightening, the Bank of England is likely to continue its asset purchase program for a little while longer.

UK Pound Remains Strong Against Its Major Counterparts

Sterling is higher against its major counterparts again today, getting a boost from the fact that it seems as though the UK economy is on the road to recovery. There is optimism about what will be said by policymakers about their forward guidance, and there are expectations that things will continue to improve.

Data Weighs on US Dollar

Data continues to weigh on the US dollar today. Greenback plunged Friday after the unemployment report for August, and today’s performance is lower as other currencies make a stronger showing, backed by their own encouraging data.

Euro Mixed as ECB Considers Lower Rate

Euro is mixed today, thanks to comments made by Mario Draghi following the latest ECB meeting. Concerns about the strength of the economic recovery in the eurozone are weighing on the 17-nation currency. The euro is higher against the dollar and the pound, but lower against the yen.

US Dollar Little Changed After Central Bank Announcements

Forex traders have been waiting for central bank data all week, and it is in. The data has offered little in the way of changes for the US dollar, although the greenback has a slight edge. The US dollar index is a little bit higher today.

UK Pound Gets Help from Mark Carney

UK pound is getting a little help today, thanks to BOE Governor Mark Carney’s comments yesterday. While the pound is struggling against the US dollar, it is higher against the euro and the yen today.

Euro Drops on Economic Data, Syria Worries

Euro is lower today, dropping as economic data weighs on the 17-nation currency, and as concerns over Syria increase risk aversion. Euro is heading lower almost across the board, with Greece being pressured to sell assets and uncertainty over the geopolitical situation.

UK Pound Mixed Ahead of Carney Speech

All eyes are on Mark Carney and the Bank of England today. The pound is mixed as Forex traders wait for his first official policy speech since becoming Governor of the BOE. There is concern about inflation, and what’s next for the pound, and many are waiting to see what direction the sterling is likely to go next.

UK Pound Picks Up Steam

After trading lower at the end of last week, the UK pound is picking up some steam, turning it around against the yen, and moving higher against the US dollar.

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