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More Daily Currency Updates Continued - page 112

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

Pound To Dollar Exchange Rate Could Spiral If Fed Announces QE3 Tonight

20 Jun 2012 at 9 AM - Written by John Cameron

STORY LINK Pound To Dollar Exchange Rate Could Spiral If Fed Announces QE3 Tonight

As the world economy continues to send out signals that it is veering out of control, global policy makers seem to have only one solution – to meet up in an exotic country and talk about the world economy veering out of control. The latest G20 summit concluded in Mexico yesterday and provided more noteworthy comments from global...

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Greece?s Pro-Bailout Election Result Proves Negative For Pound To Euro Exchange Rate

18 Jun 2012 at 9 AM - Written by John Cameron

STORY LINK Greece?s Pro-Bailout Election Result Proves Negative For Pound To Euro Exchange Rate

Early indications from Greece’s General Election held yesterday, are that the pro-bailout ‘New Democracy’ party, led by Antonis Samaras, have secured over 30% of the popular vote, making them the best-supported party. Significantly, New Democracy will garner 50 ‘bonus seats’ in any new parliament by dint of the fact that they...

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

Pound To Euro Exchange Rate Eases In Spite Of Spanish Debt Yields Spiralling To 7%

15 Jun 2012 at 9 AM - Written by Toni Johnson

STORY LINK Pound To Euro Exchange Rate Eases In Spite Of Spanish Debt Yields Spiralling To 7%

Spain was making the headlines in the currency markets yesterday, and again it was for all the wrong reasons. For the past few weeks, the interest the Spanish government had been paying on its 10 year bonds has been edging higher. The increased yields on Spanish bills have been precipitated by deep-seated concerns regarding the nation’s...

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

Weak US Retail Sales Data Sends Pound To Dollar Exchange Rate Lower

14 Jun 2012 at 9 AM - Written by David Woodsmith

STORY LINK Weak US Retail Sales Data Sends Pound To Dollar Exchange Rate Lower

Yesterday brought a packed schedule of data releases in the global economy. The overall verdict by market participants was negative, as evidenced by a move lower for North American stock indices and Europe’s bourses. Perhaps the most damaging individual risk event came in the US, with yesterday afternoon’s May Retail Sales data. The...

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Pound To Euro Rate Gains As Spain?s Debt Yields Head Towards 7%

13 Jun 2012 at 9 AM - Written by John Cameron

STORY LINK Pound To Euro Rate Gains As Spain?s Debt Yields Head Towards 7%

Although this weekend’s news of the eurozone finance ministers’ bailout of Spain’s banking sector was clearly good news for Spain’s banks, it is already proving to be a millstone around the neck of the Spanish government. The potential that as much as €100bn of emergency loans will be made available to the Iberian state’s...

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

Fears Grow Over Italy?s Debt As Italian Bond Yields Spiral, Taking Pound To Euro Exchange Rate Higher

12 Jun 2012 at 9 AM - Written by Minesh Chaudhari

STORY LINK Fears Grow Over Italy?s Debt As Italian Bond Yields Spiral, Taking Pound To Euro Exchange Rate Higher

The currency market giveth and the currency market taketh away. Or so it appeared yesterday, which was the first full day of trading following Saturday’s announcement by the eurogroup of Finance Ministers that it was set to make up to €100bn of emergency loans available to Spain’s banking sector. The day started with significant gains...

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

Euro Enjoys Relief Rally Following Eurogroup Announcement Of ?100bn Bailout For Spanish Banks

11 Jun 2012 at 9 AM - Written by Frank Davies

STORY LINK Euro Enjoys Relief Rally Following Eurogroup Announcement Of ?100bn Bailout For Spanish Banks

Question – when is a bailout not a bailout? Answer – when it’s arranged by debt-addled Iberian giant Spain’s policy-makers. At least, that’s the conclusion which many political and financial commentators have reached following events in Europe over the past 48hrs. The eurozone group of finance ministers used the weekend closedown...

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Bernanke?s Words Cause Pound To Dollar Rate To Ease, Euro Remains Steady

8 Jun 2012 at 10 AM - Written by Toni Johnson

STORY LINK Bernanke?s Words Cause Pound To Dollar Rate To Ease, Euro Remains Steady

Federal Reserve Chairman Ben Bernanke spoke late yesterday and global currency market participants listened. The head of the world’s leading central bank is often looked to for direction on the future direction of the global economy and yesterday was no exception; Bernanke asserted that he was ‘ready to act’ if the economic situation in...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Sterling To Euro Rate Drops Following ECB President?s Comments

7 Jun 2012 at 9 AM - Written by Minesh Chaudhari

STORY LINK Sterling To Euro Rate Drops Following ECB President?s Comments

Yesterday’s session in the currency markets was shaped by the words of one key global policy-maker – European Central Bank President Mario Draghi. Previous ECB Presidents have become renowned for their conservative approach to public commentary, however Draghi bucked this trend with his words of yesterday. As anticipated, the ECB elected...

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

Pound To Dollar Exchange Rate Plummets As Japanese Factory Output Slows

31 May 2012 at 9 AM - Written by Tim Boyer

STORY LINK Pound To Dollar Exchange Rate Plummets As Japanese Factory Output Slows

Last night’s Asian session saw an entrenchment of the ‘risk-off’ trading environment which Europe’s markets experienced yesterday. This saw Hong Kong’s Hang Seng index lose almost 1% of its value, while the combined market capitalisation of Tokyo’s Nikkei 225 dipped by 1.63% . The shift out of equities and into safe haven assets...

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