The Pound made gains against the US Dollar as demand for the US currency softened due to last week’s publication of softer than forecast Nonfarm Payrolls data. With not much in the way of market moving data releases today we can expect relatively muted trading of the Pound. The main event for the UK currency comes on Wednesday with the publication of the latest UK unemployment data.
US Dollar
The US Dollar eased against its major peers for a second day as last week’s disappointing Nonfarm Payrolls data and a bout of …

As of yesterday the Euro had lost 9.3% of its value against the dollar since the beginning of the year. As Mario Draghi implements his plan to stimulate the economy of the Eurozone, weakening the Euro may make Europe seem a better place to trade.
So far so good it seems as the statistics tell us that economic growth in the euro area had stabilized at the beginning of the fourth quarter of 2014, according to Markit PMI, which announced a final composite of overall activity at 52.0 in September to …

The Pound is little moved against the Euro as investors await the release of economic data out of the Eurozone and UK. Sterling gave up some of Monday’s gains after the latest Construction PMI data showed that building activity in the UK slowed in October. The dip in the PMI however was not enough to spur selling of the currency. If the Services PMI report comes in positively the Pound is likely to resume its upward trend against the Euro and other peers.
US Dollar
The US Dollar strengthened broadly against the …

The results of stress tests of European banks were well received in the financial markets early this week, but the euro has not shown any benefit from it yet. Without examining the details of these tests, the announcement has had a positive effect on the stock market because no bank has failed the tests, apart from the Italian bank Monte dei Paschi, whose difficulties have been well known for a long time.
This morning, traders were scrutinizing the publication of the Ifo survey in Germany. According to the consensus of economists, …

The Pound was trading higher against the Euro on Monday and regained ground against other peers as concerns over the global economy eased and investors looked ahead to the release of the latest Bank of England policy meeting minutes and UK GDP growth data. Also due this week are the latest UK Retail Sales figures. The GDP data is forecast to show that the UK economy has expanded for a fifth consecutive month.
US Dollar
The US Dollar remained supported following last Friday’s US Consumer sentiment data, which showed that sentiment soared …

The Pound is experiencing mixed trading against the Euro and other major peers as volatility shakes up the market. Sterling found support from the release of a report which showed that unemployment in the UK fell to 6%. With a lack of domestic market moving data due for release today, Pound movement will depend on data out of the Eurozone and US.
US Dollar
The US Dollar rallied against several peers as it shrugged off disappointing retail sales and wholesale pricing reports. The weak data initially caused investors to focus on the …