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December 2010 FX News Archive

Archived Daily FX News from the TorFX Foreign Exchange Specialists...

Sterling set for a good week

13 Dec at 11 AM - NEWS LINK: Sterling set for a good week
Sterling set for a good week
Over the weekend Sterling dipped from the highs of late last week under pressure from by a weak UK house price survey that once again highlighted the fragility of the once booming property sector. Prices for homes in England and Wales fell 3% in the past month according to property website Rightmove, citing economic uncertainty and low...

Euro Banking set for Changes

10 Dec at 12 PM - NEWS LINK: Euro Banking set for Changes
Euro Banking set for Changes
Sterling fell back versus the dollar early yesterday, tracking the euro lower after the rating’s agency Fitch downgraded Ireland’s sovereign rating, we have seen the pound recover slightly over the night trading session and start well today. Trading for GBP – EUR meanwhile has been confined to tight trading ranges over the past 24 hours...

Bank of England to Decide on Rates

9 Dec at 11 AM - NEWS LINK: Bank of England to Decide on Rates
Bank of England to Decide on Rates
With the Bank of England meeting later Governor Mervyn King may oversee another stalemate today as faster inflation and conflicting economic signals continue the trend of a three-way split on his Monetary Policy Committee over the need for more stimulus. The nine-member panel will probably keep the size of its bond-purchase plan at 200...

Sterling set to strengthen?

7 Dec at 10 AM - NEWS LINK: Sterling set to strengthen?
Sterling set to strengthen?
With the Bank of England meeting on Thursday focus falls on whether we will hear any whispers surrounding the potential increase in quantitative easing where as interest rates should remain unaffected. The pound edged higher against a weaker euro on Monday as investors focused on euro zone debt problems ahead of a meeting of European...

Markets volatile at the end of the week

3 Dec at 2 PM - NEWS LINK: Markets volatile at the end of the week
Markets volatile at the end of the week
The European Central Bank resisted pressure on Thursday to commit to a major bond-buying program to contain the euro zone debt crisis. ECB President Jean-Claude Trichet said the bank had decided at its monthly policy meeting to keep interest rates on hold and it extended its liquidity safety net to support vulnerable euro zone banks. He made...

Sterling up as Fundementals Postive

1 Dec at 10 AM - NEWS LINK: Sterling up as Fundementals Postive
Sterling up as Fundementals Postive
The pound has bounced heavily from the same time last month versus the ailing euro, rising to a two month high on Tuesday after European sovereign risk concerns undermined the single currency. This gave the red light to the already risk averse investors as sentiment once again boosted the dollar as it swelled under its safe haven status....