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A round up of the latest daily currency updates from the Currency News desk.

Investors Await BoE Policy Decision As Fears Over Global Currency War Grow

23 Jan 2013 at 9 AM - Written by Tim Boyer

STORY LINK Investors Await BoE Policy Decision As Fears Over Global Currency War Grow

Yesterday brought a strange day for global equities; in spite of positive news overnight from Japan, where the country’s new administration revealed that it is set to adopt an ultra-loose ‘go-for-growth’ economic policy, the world’s leading share indices struggled to break into positive territory. London’s FTSE 100 closed marginally...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Japanese Forecasts

Pound Euro Exchange Rate (GBP EUR) Breaks Down To Lowest Level Since Mid-March

21 Jan 2013 at 6 PM - Written by David Woodsmith

STORY LINK Pound Euro Exchange Rate (GBP EUR) Breaks Down To Lowest Level Since Mid-March

This week’s session in the currency markets has only just got underway, but already the Sterling Euro exchange rate (currency : GBP EUR) has registered a new 10 ½ month low, dropping to 1.1875 earlier this afternoon. Negative sentiment surrounding the Pound picked up momentum during last week thanks to fears that this Friday’s domestic...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Pound Eu Forecasts

Pound Euro Exchange Rate (GBP EUR) Slumps To 10-Month Low Following Dire UK Retail Sales Data

21 Jan 2013 at 9 AM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate (GBP EUR) Slumps To 10-Month Low Following Dire UK Retail Sales Data

Sterling has been one of the worst-performing of the sixteen most-actively traded global currencies since the start of 2013, giving up a full 3% of its value against the euro in the period since 3rd January alone. Sterling had been under selling pressure as the New Year got underway thanks to investor’s concerns that the UK might be...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Pound Eu Forecasts

Japanese Yen tumbles as Euro recovers

17 Jan 2013 at 6 PM - Written by Toni Johnson

STORY LINK Japanese Yen tumbles as Euro recovers

Japanese Yen tumbles as Euro recovers The Japanese Yen has fallen against the majority of its most traded currency peers today after investors grew cautious as they awaited the launch of the Bank of Japans expected aggressive monetary easing policy. Elsewhere, the Euro thrived after a series of strong performances at the bond auctions...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Euro weakens for second day against US Dollar

16 Jan 2013 at 6 PM - Written by Ben Hughes

STORY LINK Euro weakens for second day against US Dollar

Euro weakens for second day against US Dollar The Euro has weakened against the US Dollar for a second straight day as optimistic comments made by the European Central Bank gave way to profit taking and growing concerns over the Eurozone’s economy. The Euro weakened against the US Dollar due to taking losses against its safe-haven...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

GBP falls for fourth day, EUR surges

16 Jan 2013 at 10 AM - Written by Toni Johnson

STORY LINK GBP falls for fourth day, EUR surges

The Pound weakened for a fourth day against the US Dollar and is heading for its lowest level for nine months against the Euro. The declines are a result of UK Prime Minister David Cameron’s plan to renegotiate Britain’s membership within the European Union. Economists believe that any renegotiations could cause the nation’s...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Pond Euro Exchange Rate (GBP EUR) Breaks To New Nearterm Low Following Demise Of HMV

15 Jan 2013 at 9 AM - Written by Minesh Chaudhari

STORY LINK Pond Euro Exchange Rate (GBP EUR) Breaks To New Nearterm Low Following Demise Of HMV

Last night’s announcement from British High Street music and DVD chain HMV that it has called in the administrators provided another hammer blow for Britain’s beleaguered retail sector. HMV, which has been in severe trouble for some months, employs 4,350 British workers. The news comes hot on the heels of announcements from electrical...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Pound Eu Forecasts

Pound Euro Exchange Rate (GBP EUR) Forecasted To Fall Further Following Break To New 9 ? Month Low

14 Jan 2013 at 9 AM - Written by James Fuller

STORY LINK Pound Euro Exchange Rate (GBP EUR) Forecasted To Fall Further Following Break To New 9 ? Month Low

Sterling slumped to its lowest level against the euro since April 2012 during Friday’s afternoon session in the currency markets, following the release of the latest edition of the closely-watched NIESR UK GDP growth estimate, which predicted that the British economy had contracted by 0.3% during the final three months of last year. The...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Pound Eu Forecasts

GBP EUR Exchange Rate Forecasted To Head Lower Despite Record Greek Unemployment Figure

11 Jan 2013 at 9 AM - Written by Frank Davies

STORY LINK GBP EUR Exchange Rate Forecasted To Head Lower Despite Record Greek Unemployment Figure

Japan’s recently-elected Prime Minister Shinzo Abe issued a statement of intent last night when his new government announced that it will be injecting a mammoth 10.3 trillion Yen of new credit into the nation’s ailing economy in an attempt to spur domestic economic growth. Japan’s policymakers have estimated that the package, which...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts Eur Forecasts

Pound Euro Exchange Rate Forecasted To Suffer Selling Pressure Following ECB / BoE Policy Decisions

10 Jan 2013 at 9 AM - Written by Minesh Chaudhari

STORY LINK Pound Euro Exchange Rate Forecasted To Suffer Selling Pressure Following ECB / BoE Policy Decisions

Fears that the UK is increasingly taking up an isolationist position in global affairs burgeoned yesterday following comments made by a senior US State Department policymaker. In an unusual step, Philip Gordon, who holds a senior role in America’s foreign affairs department, appeared to offer Britain’s ruling coalition government advice...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Pound Eu Forecasts

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