December 2010 FX News Archive

Over the weekend Sterling dipped from the highs of late last week under pressure from by a weak UK house price survey that once again highlighted the fragility of the once booming property sector. Prices for homes in England and Wales fell 3% in the past month according to property website Rightmove, citing economic uncertainty and low...

Sterling fell back versus the dollar early yesterday, tracking the euro lower after the rating’s agency Fitch downgraded Ireland’s sovereign rating, we have seen the pound recover slightly over the night trading session and start well today. Trading for GBP – EUR meanwhile has been confined to tight trading ranges over the past 24 hours...

With the Bank of England meeting later Governor Mervyn King may oversee another stalemate today as faster inflation and conflicting economic signals continue the trend of a three-way split on his Monetary Policy Committee over the need for more stimulus. The nine-member panel will probably keep the size of its bond-purchase plan at 200...

With the Bank of England meeting on Thursday focus falls on whether we will hear any whispers surrounding the potential increase in quantitative easing where as interest rates should remain unaffected. The pound edged higher against a weaker euro on Monday as investors focused on euro zone debt problems ahead of a meeting of European...

The European Central Bank resisted pressure on Thursday to commit to a major bond-buying program to contain the euro zone debt crisis. ECB President Jean-Claude Trichet said the bank had decided at its monthly policy meeting to keep interest rates on hold and it extended its liquidity safety net to support vulnerable euro zone banks. He made...

The pound has bounced heavily from the same time last month versus the ailing euro, rising to a two month high on Tuesday after European sovereign risk concerns undermined the single currency. This gave the red light to the already risk averse investors as sentiment once again boosted the dollar as it swelled under its safe haven status....