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

Pound Euro Exchange Rate Spirals As Greece Heads For Second General Election

16 May 2012 at 9 AM - Written by Tim Boyer

STORY LINK Pound Euro Exchange Rate Spirals As Greece Heads For Second General Election

Yesterday morning’s European session offered a timely reminder of why a significant proportion of the global investment community are still willing to hold euro-denominated assets, when the region’s leading economic power, Germany, released its latest GDP growth data. The figures revealed that German economic activity had expanded by an...

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

Pound Euro Exchange Rate Breaches 1.2500 For First Time Since 2008 As Greek Debt Fears Heighten

15 May 2012 at 9 AM - Written by David Woodsmith

STORY LINK Pound Euro Exchange Rate Breaches 1.2500 For First Time Since 2008 As Greek Debt Fears Heighten

The ongoing soap opera which is the Greek debt crisis took several twists and turns during yesterday’s session in the markets. The most significant development on the day came in the form of an announcement from the leaders of the ‘socialist light’ Democratic Left party which revealed that they would not enter into any coalition...

CATEGORIES: Australian Dollar Forecasts Daily Currency Updates Euro Forecasts E Forecasts

Pound Euro Exchange Rate Could Head Higher Following Bank of England Decision to Keep QE On Hold

11 May 2012 at 9 AM - Written by Minesh Chaudhari

STORY LINK Pound Euro Exchange Rate Could Head Higher Following Bank of England Decision to Keep QE On Hold

Sterling received a significant boost in the middle part of yesterday’s session, as the Bank of England announced that it would not be altering the UK’s monetary policy. The gains which followed the statement suggested that a significant proportion of market participants had been factoring-in an extension to the Bank’s existing £325bn...

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

Pound US Dollar Exchange Rate Recovers Slightly As Greek Anti-Bail-Out Power Bid Fails

10 May 2012 at 9 AM - Written by Toni Johnson

STORY LINK Pound US Dollar Exchange Rate Recovers Slightly As Greek Anti-Bail-Out Power Bid Fails

Yesterday’s afternoon session brought a rare piece of good news for the euro when Alexis Tsipras, the leader of Greece’s extreme left wing Syriza bloc, admitted defeat in his attempt to forge an anti-bail-out coalition government. Tsipras stated that his ‘dream of a left-wing government’ would not be coming to fruition, as talks with...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Sterling Euro Exchange Rate Spirals To 42-Month High As Anti-Austerity Parties Make Gains In Greek Elections And France Elects Pro-Growth President

8 May 2012 at 9 AM - Written by James Fuller

STORY LINK Sterling Euro Exchange Rate Spirals To 42-Month High As Anti-Austerity Parties Make Gains In Greek Elections And France Elects Pro-Growth President

Political upheaval in mainland Europe has had a dramatic effect on the currency markets since they re-opened on Sunday night. The French people voted in favour of Francois Hollande to be their new head of state on Sunday, leaving the country’s erstwhile President Nicolas Sarkozy adrift in the political wilderness. The Socialist candidate...

CATEGORIES: Australian Dollar Forecasts Daily Currency Updates Euro Forecasts E Forecasts

Sterling Euro Rate Dips As ECB Talks Down Interest Rate Cut

4 May 2012 at 9 AM - Written by Ben Hughes

STORY LINK Sterling Euro Rate Dips As ECB Talks Down Interest Rate Cut

As ever, the future direction of interest rates was never far from the minds of currency market participants during yesterday’s session. European Central Bank President Mario Draghi’s press conference, which followed the ECB’s announcement that it is maintaining its key lending rate at 1.00%, was generally judged to have been...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts New Zeal Forecasts

Pound Euro Exchange Rate Strikes 22-Month High As Eurozone Unemployment Hits Record High

3 May 2012 at 9 AM - Written by James Fuller

STORY LINK Pound Euro Exchange Rate Strikes 22-Month High As Eurozone Unemployment Hits Record High

The evidence is mounting that the eurozone’s sovereign debt problems are starting to have a pronounced adverse effect on the continental European economy. A slew of disappointing European data releases yesterday morning added to this feeling, as firstly German unemployment figures and then last month’s whole-of-eurozone PMI Manufacturing...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Encouraging US Manufacturing Data Could weaken The US Dollar

2 May 2012 at 9 AM - Written by Minesh Chaudhari

STORY LINK Encouraging US Manufacturing Data Could weaken The US Dollar

After recent data releases, which have point to a pronounced cooling in the rate of economic activity in China, yesterday’s Asian session saw the release of figures which provided some cause for renewed optimism. The Chinese PMI Manufacturing Survey for April registered an expansion in this key sector of the giant Asian economy, for the...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Pound Dollar Exchange Rate Eases As Global Economic Data Disappoints

1 May 2012 at 9 AM - Written by David Woodsmith

STORY LINK Pound Dollar Exchange Rate Eases As Global Economic Data Disappoints

The Dollar and the Yen were the major winners in the currency markets during yesterday’s session and that means one thing – the return of risk aversion. The shift out of risk was driven by the release of a slew of disappointing data releases from disparate and far-reaching corners of the global economy. The week had opened with...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Pound Dollar Exchange Rate Hits 8-Month High As US GDP Figure Disappoints

30 Apr 2012 at 9 AM - Written by John Cameron

STORY LINK Pound Dollar Exchange Rate Hits 8-Month High As US GDP Figure Disappoints

Last week’s session in the currency markets drew to a close with the release of several market-moving data sets from the world’s leading economies. Perhaps the most significant amongst these was Friday afternoon’s US GDP growth data, which revealed a marked slowdown in the rate at which the world’s leading economy is expanding. The...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

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