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

Pound Dollar Exchange Rate Slips, Pound to Euro Steady Ahead of ECB Decisions

4 Jul 2012 at 6 PM - Written by Ben Hughes

STORY LINK Pound Dollar Exchange Rate Slips, Pound to Euro Steady Ahead of ECB Decisions

The Pound exchange rate has slipped against the US Dollar but Pound Euro holding steady following the release of the latest PMI data. The UK’s service sector slumped to a new eight month lows of 51.3 in June compared to 53.3 in May. Observers had been predicting a figure of 52.8. The impact of the data has been lessened as many...

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Pound Sterling Steady vs Euro & Dollar As Market Waits Outcome ECB & BOE Meetings

3 Jul 2012 at 11 AM - Written by Frank Davies

STORY LINK Pound Sterling Steady vs Euro & Dollar As Market Waits Outcome ECB & BOE Meetings

The Pound is holding steady against the Greenback and Euro today as market watchers take a wait and see approach to the currency ahead of Thursday’s meetings of the European central bank and the Bank of England. The decision over interest rates and further plans to bolster the Euro zone economies is sure to be the key points of interest for...

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GBP to USD Exchange Rate Falls Today on Back of Weak PMI Data; Euro Slides

2 Jul 2012 at 4 PM - Written by Tim Boyer

STORY LINK GBP to USD Exchange Rate Falls Today on Back of Weak PMI Data; Euro Slides

The Pound has fallen against the Dollar following the release of the latest Purchasing Managers Index data. The report showed that manufacturing activity continued its downward slide for a second month in a row. The data was better than forecast but was not enough to halt a slip. The Markit compiled data showed that manufacturing has...

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Exchange Rates Today: Indian Rupee Sees Biggest Daily Gain in 3 Years

29 Jun 2012 at 6 PM - Written by Minesh Chaudhari

STORY LINK Exchange Rates Today: Indian Rupee Sees Biggest Daily Gain in 3 Years

The Indian Rupee has posted its biggest daily gain for three years today after the Indian government confirmed that it will impose retroactive taxes on foreign investors and the positive news out of the European summit in Brussels calmed market nerves. Despite the gains, the rupee has posted its worst quarter in at least 17 years having first...

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Euro Exchange Rate Surges Against Pound & Dollar As EU Agreement Reached

29 Jun 2012 at 10 AM - Written by Ben Hughes

STORY LINK Euro Exchange Rate Surges Against Pound & Dollar As EU Agreement Reached

The Euro exchange rate has seen a change in its fortunes and has surged to a three month high against the US Dollar. The outcome from the first day of the key EU summit produced firm decisive action to halt the slide of the Eurozone debt crisis. EU leaders agreed that its rescue funds would be used to stabilise the bond markets without...

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Yen Exchange Rate Today - JPY Strengthens vs Euro and Dollar as Investors Seek Safe Havens

28 Jun 2012 at 4 PM - Written by James Fuller

STORY LINK Yen Exchange Rate Today - JPY Strengthens vs Euro and Dollar as Investors Seek Safe Havens

The Euro has continued to fall against the Japanese Yen posting a new three week low against the resilient safe haven currency. The fall comes as European leaders meet in Brussels for the Eurozone’s 20th meeting and 20th attempt to come to some sort of deal on how to sort out the crisis. The markets confidence that any positive outcome...

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The USD gains from safe haven status as the Euro waits for a result from Thursday?s summit

27 Jun 2012 at 4 PM - Written by Toni Johnson

STORY LINK The USD gains from safe haven status as the Euro waits for a result from Thursday?s summit

The US Dollar saw further gains against the Euro yesterday as the low expectation from investor’s ahead of Thursdays EU summit has seen confidence in the single currency wane over the course of the week. The ‘Greenback’ is benefitting greatly from its status as a safe haven currency as risk sentiment remains low ahead of the summit....

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Prospects For Sterling Euro Exchange Rate Uncertain Ahead Of Eurozone Summit And German CPI Inflation Data

27 Jun 2012 at 12 PM - Written by Tim Boyer

STORY LINK Prospects For Sterling Euro Exchange Rate Uncertain Ahead Of Eurozone Summit And German CPI Inflation Data

European Union Commission President Jose Manuel Baroso heralded this Thursday’s eurozone summit as a new dawn for the troubled region in a set-piece speech yesterday afternoon. However, the market was not impressed by Baroso’s words, as investors tripped over each other to sell-off euro-denominated assets. This sent the GBP EUR exchange...

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

Euro Rate Today: GBP/EUR Up Again As Investors Fear Outcome Of Latest Eurozone Debt Summit

25 Jun 2012 at 10 AM - Written by Tim Boyer

STORY LINK Euro Rate Today: GBP/EUR Up Again As Investors Fear Outcome Of Latest Eurozone Debt Summit

Today’s session has opened up with risk firmly off the menu once more, as the initial showing for London’s FTSE 100 printed down by over 0.50% from Friday’s close. European bourses have been open for an hour longer than their London counterpart and they are showing losses of an even greater magnitude, with Frankfurt’s benchmark Dax...

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Pound To Dollar Exchange Rate Edges Lower As Fed Announces A Renewal Of 'Operation Twist'

21 Jun 2012 at 10 AM - Written by David Woodsmith

STORY LINK Pound To Dollar Exchange Rate Edges Lower As Fed Announces A Renewal Of 'Operation Twist'

The major development in the currency markets overnight saw the Federal Reserve issue another gloomy assessment of the prospects for the US economy moving forward. The Fed slashed its 2012 growth forecast for America’s vast economy by half a percentage point and stated that it foresees the country’s rate of unemployment edging higher to...

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