Archived Daily FX News from the TorFX Foreign Exchange Specialists...
Sterling gains as euro weakens
25 Nov at 9 AM - NEWS LINK: Sterling gains as euro weakens
Sterling hovered close to a two-month high versus the sick looking euro over night, with analysts now saying the trend has further to run as the single currency was hampered by fears that Ireland’s debt crisis may spread.
As previously suggested, Portugal and increasingly Spain were seen as potentially in need to help while Ireland’s...
Focus on Europe after Ireland Debt Crisis
23 Nov at 10 AM - NEWS LINK: Focus on Europe after Ireland Debt Crisis
The spotlight this week is shining brightly over the Irish Debt Crisis which, despite initial optimism over the bailout has now led to people looking at who is next as a domino effect of bankrupt countries could now start to take shape in Europe.
The group of countries known as the P.I.G.S which is made up of Portugal, Italy, Greece and...
Irish Economy Awaits Answers
18 Nov at 10 AM - NEWS LINK: Irish Economy Awaits Answers
News this week has been dominated by the Irish financial state, with the eyes of the world focussing on them to see whether they will bow to pressure and hold on to the outstretched hand of help from the Euro-zone or if they’ll go it alone.
Either one of these options will effect the currency markets both on our little island and the...
Central Bank Boosts the Pound
5 Nov at 10 AM - NEWS LINK: Central Bank Boosts the Pound
Great news for once for US dollar buyers as the pound reaches a nine month high against the dollar.
Sterling benefitted on Thursday after the Bank of England kept interest rates and its asset-buying programme on hold following signs the UK economic recovery is on track.
The decision from the Bank’s Monetary Policy Committee...
Sterling Starts the Week Positively
2 Nov at 10 AM - NEWS LINK: Sterling Starts the Week Positively
Sterling rose against the euro on Monday after better-than-expected UK manufacturing data boosted confidence in Britain’s economic recovery and lessened the chances of fiscal stimulus from the Bank of England.
The Markit/CIPS’s headline manufacturing Purchasing Managers Index (PMI) rose to 54.9 in October, it’s highest level since...