UK pound has found some respite from its downward spiral — at least for now. Pound is higher against many of its major counterparts right now as Forex traders take a break from sending the currency on its plunge.
January 28th, 2013 at 16:01
Euro is a little lower today against the US dollar, thanks in large part to a round of profit taking from Forex traders anxious to lock in gains seen last week during the 17-nation currency’s spectacular rally.
January 23rd, 2013 at 14:23
UK pound is heading higher today, thanks in large part to better than expected jobs data. Between signs of economic improvement, and good news out of the eurozone, the UK pound is finding some solid support today.
January 16th, 2013 at 16:43
US dollar is mixed against other majors today as Forex traders consider the latest news and information, and take stock of how things might play out. There is a lot going on right now, and that is making for a somewhat volatile market.
January 11th, 2013 at 15:30
Canadian dollar is slipping today after a rather spectacular performance yesterday. Focus has turned from the good economic data posted by China and the equity performance that followed, and turned to look at the economic data out of Canada. The latest trade deficit is weighing on the loonie today.
January 10th, 2013 at 15:16
The Bank of England has, as expected by most analysts, decided to stay the course on interest rate policy and the current asset purchase program. The news has led to very little change on the Forex market, with the pound still weak against the euro, but gaining against the US dollar.
January 08th, 2013 at 15:13
UK pound is lower today, falling as growth concerns weigh on the British currency. Worries about whether or not the United Kingdom is ready to grow its way out of its current funk are dominating after the latest retail sales data.
January 04th, 2013 at 16:51
UK pound is losing ground today, heading lower on risk aversion, as well as on disappointing economic data. There is a bit of concern about what’s coming next for the global economy, led by the United States, and that is weighing on the sterling to some degree.
January 03rd, 2013 at 14:50
The euphoria is ended and now the uncertainty has set in. Concerns about the next big budget battle are weighing on risk appetite in the Forex market, and the US dollar is gaining as a result.
January 02nd, 2013 at 15:40
UK pound is making a fairly strong showing today, particularly against the US dollar, as better than expected economic data helps the sterling.