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Global Stock Markets Plunge, Currency Markets Obsessed With Risk

Britain was on the brink of economic turmoil last night after £64billion was sliced off leading share prices as the FTSE-100 Index crashed 4.7% – its worst slump in...

236 total views, 1 today

 

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Sterling Exchange Rates Rise

Sterling rose against a broadly weaker euro today, edging close to a one-month high as concerns about debt in the euro zone focused on Italy ahead of a crunch parlia...

186 total views, 3 today

 

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Sterling up against the Euro, but still losing pace against the Dollar

GBPEUR / GBPUSD Sterling climbed above 1.17 against the Euro yesterday, but plunged towards the lowest level since January versus the US Dollar. A drop in global ...

198 total views, 1 today

 

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Sterling plummets as Bank of England extend quantitative easing

Sterling took a tumble across the board today after the Bank of England surprised the markets by expanding its Quantitative Easing program by another £75B. It now s...

201 total views, 2 today

 

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Pound Drops 1% Versus Euro

The euro rose one percent this morning against sterling as the single currency gained value broadly on short covering following a renewed pledge by France and German...

173 total views, 2 today

 

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European Interest Rates Drop

Sterling lost value this morning, after some solid gains yesterday after a surprise interest rate cut by the European Central Bank, traders have cited corporate inte...

202 total views, 3 today

 

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Sterling Holds Steady After Quantitative Easing Announcement

Sterling was steady versus the dollar on Tuesday, holding gains made the previous session during a rally in risk assets, manufacturing data showed slower growth tha...

189 total views, 1 today

 

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Sterling Reaches Yearly High Versus Rupee

The rupee fell back against the pound sterling to end at Rs. 77.11/13 from yesterday’s close of Rs. 76.62/64 and also dipped to Rs. 67.09/11 per euro from Rs. 66.54...

205 total views, 5 today

 

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Foreign Exchange Markets Remain Range Bound

The exchange rates for all the major currency pairs have been treading in ranges today, market data is thin on the ground with traders relying on their trading mode...

194 total views, 1 today

 

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Momentum Slows Against Euro, Direction Undecided

Sterling firmed against the dollar during the Asian trading session, continuing into the London open, the pound is recovering some of the yesterday’s losses as the...

188 total views, 2 today

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