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The foreign exchange market news is supplied by TorFX, a leading provider of foreign exchange services. |
Wed, 08 Se 2010 09
Daily Insight
Daily Foreign Exchange Rate Forecast – The Pound remained on the defensive against the U.S Dollar yesterday and re-visited support levels close to $1.53
by Adam Solomon
Sterling / Euro and US Dollar
The Pound remained on the defensive against the U.S Dollar yesterday and re-visited support levels close to $1.53 before a sharp move higher overnight. The UK currency also gained ground versus the Euro, rising above 1.21, amid renewed fears over the European banking sector and sovereign debt default [...]
| Tue, 07 Se 2010 11
GBP-AUD Update, Australian Dollar
Foreign Exchange Australian Dollar – Sterling dropped like a stone…
by Jon Beddell
Foreign Currency Market Update – GBP / AUD Update
Sterling dropped like the proverbial stone last week, carving through the July low at 1.7050 and heading straight for the June lows at 1.6750. This support level has so far produced a small bounce, which is not surprising considering we have lost seven cents [...]
| Tue, 07 Se 2010 11
GBP-EUR Update, Euro
Foreign Exchange Forecast – Euro Update. Sterling testing 1.20…
by Jon Beddell
Foreign Currency Market Update – GBP / EUR Update
Sterling lost two cents last week to close on Friday below the key psychological 1.20 level. We spent all of yesterday’s session below there, but are trading nearly a cent better this morning as the Euro came under pressure following a Wall Street Journal article [...]
| Tue, 07 Se 2010 10
Daily Insight
Foreign Exchange Daily Forecast – Sterling has recovered slightly against the Euro, however remains under $1.5400 against the U.S Dollar
by Adam Solomon
Sterling / Euro and US Dollar
After reaching a 6-week low against the Euro during trading yesterday, Sterling has recovered slightly this morning, edging back above support at 1.2000 after news released overnight confirmed that U.K retail sales accelerated last month.
Sterling came under further pressure against the Euro during trading yesterday over reports of [...]
| Mon, 06 Se 2010 11
Daily Insight
The Pound has dropped through $1.54 against the U.S Dollar this morning
by Adam Solomon
Market Update 6th September
The Pound has dropped through $1.54 against the U.S Dollar this morning, erasing Friday’s gains following the U.S Non-farm payrolls data. The UK currency also fell against all of the 16 most actively traded currencies, amid speculation that the Bank of England will consider extending emergency stimulus measures on Thursday. [...]
| Fri, 03 Se 2010 09
Daily Insight
Daily Foreign Exchange Rate Forecast – The Pound has weakened for a third straight day against the Euro
by Adam Solomon
Sterling / Euro and US Dollar
The Pound has weakened for a third straight day against the Euro, while the UK currency also declined against 15 out of the 16 most actively traded currencies, after a report from the Nationwide Building Society showed that UK house prices slumped by the most in six months [...]
| Fri, 03 Se 2010 08
GBP-NZD Update, New Zealand Dollar
New Zealand Dollar Foreign Exchange Rate Forecast – Sterling has had a bad week
by Jon Beddell
Foreign Currency Market Update – GBP / NZD Update
Sterling has had a bad week. After making a new high above 2.20 in August the Pound has been dented in recent days as investors start to price in the distinct possibility that the revised second quarter growth figure of 1.2% may mark the [...]
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