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The dollar weakened to its lowest level against the pound since 12 January following the surprise decision by Ben Bernanke’s Federal Reserve not to taper its massive $85 billion a month stimulus programme. In his latest…
All eyes remain firmly focused on the announcement, due at 7 PM UK time tonight from the US Federal Reserve as to their latest policy move. Ahead of this, we have the release of the minutes from the Bank of England’s own…
The withdrawal by Larry Summers late on Sunday night from the race to replace outgoing US Federal Reserve Chairman Ben Bernanke sparked a relief rally sending world stock markets sharply up, benefiting the high yielding…
The Pound Euro exchange rate reached 1.19 GBP/EUR yesterday, meaning the best pound to euro money transfers since 20 January 2013 as the markets continue to bet that the Bank of England will have to increase interest…
The pound reached an 8 month high against the US dollar yesterday after further good data from the UK and China gave the pounds further impetus and diminished demand for the dollar’s safe haven appeal. In the UK,…
The pound found further support yesterday, taking it to a new 8 month high against the euro and a 3 month high against the US dollar. The Royal Institution of Chartered Surveyors (Rics) reported yesterday that UK house…
The pound opened the trading week and quickly rose to an 8 month high against the euro as UK Chancellor George Osborne declared victory over his critics and rejected claims that he is simply creating a new consumer and…
The pound opens this morning at an 8 month high against the euro after the Bank of England kept its policy settings unchanged yesterday and declined the opportunity of giving the markets any further guidance on future…
The pound continued its good start to the trading week yesterday, touching a fresh 3 month high against the euro after the Organisation for Economic Cooperation and Development (OECD) upgraded the UK’s growth prospects.…
The pound surged to a three month high against the euro yesterday on the back of the best UK manufacturing data for over two years with both output and new orders expanding sharply with UK manufacturing suggesting that…
