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March 2011 FX News Archive

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

Sterling Range-bound as Euro Weakens

9 Mar at 10 AM - NEWS LINK: Sterling Range-bound as Euro Weakens
Sterling Range-bound as Euro Weakens
The pound has had a mixed trading session over the last 24 hours closing yesterday relatively stable against the basket of major currencies following a poor showing earlier in the day. RICS house price balance improved and the British Retail Consortium showed that shop inflation indicators accelerated. It’s likely that this data and the...

Sterling falls as ECB Rate Hike Threatened

4 Mar at 9 AM - NEWS LINK: Sterling falls as ECB Rate Hike Threatened
Sterling falls as ECB Rate Hike Threatened
GBP The pound has suffered heavily yesterday as expectations for an early UK rate rise were scaled back after a below-forecast purchasing managers’ survey on the key UK services sector. Markets are pricing in a 25 basis point hike from the record low 0.5% in June or July, with potential for a further two hikes potentially by the end...

Sterling poised for further gains

2 Mar at 9 AM - NEWS LINK: Sterling poised for further gains
Sterling poised for further gains
Sterling has tackled the week positively thus far and remains steady against the euro and dollar, helped largely by strong manufacturing data which helped push the pound to a 13-month high against the dollar. Risk appetite was quashed by a pullback in global stock markets among stubbornly high oil prices and continued unrest in Libya, but...