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UKForex Commentary

GBP falls back as Bank of England cuts UK growth forecasts

Chris Applin

United States Dollar: GBP/USD sold off to a low of to a four week low of 1.5889 in the wake of the more dovish than expected Bank of England Inflation Report yesterday as the centr... ...read more

Forex News

Sterling at 1-mth low vs dollar on Greece, BoE

Thursday, 17 May 2012 | Reuters

Sterling hit a one-month low against the dollar on Thursday as concerns about Greece ditching the euro boosted demand for the safe-haven U.S. currency, with investors also wary of the pound after the Bank of England cut UK growth forecasts....read more

Euro extends fall to fresh four-month low vs dollar

Wednesday, 16 May 2012 | Reuters

The euro continued to fall in midafternoon New York trade on Tuesday with investors expressing strong aversion to risk after Greece failed to form a government and said it would hold new elections, raising the chances it could eventually exit the eur...read more

Sterling at 3-wk low vs dollar, gives up gains against euro

Saturday, 12 May 2012 | Reuters

Sterling hit a three-week low against the dollar on Friday as risk aversion stemming from U.S. bank losses and political turmoil in Greece boosted the safe-haven U.S. currency. The pound also eased off a 3-1/2 year high against the euro....read more

Sterling eases vs dlr after JPM loss, supported vs euro

Friday, 11 May 2012 | Reuters

Sterling eased against the dollar on Friday after JP Morgan's trading loss hit investor appetite for riskier currencies, while the political disarray in Greece helped the pound hit a 3-1/2 year high versus the euro....read more

FOREX-Euro snaps 8-session drop, up from 3-1/2-month low

Friday, 11 May 2012 | Reuters

The euro gained against the dollar o n Thursday, snapping eight straight sessions of declines and bouncing from its recent 3-1/2-month low as stress in Spanish debt markets eased and Greece secured funds to repay its bondholders....read more

FOREX-Euro up from 3-1/2-month low, snaps 8-session drop

Friday, 11 May 2012 | Reuters

The euro rose against the dollar on Thursday, snapping eight straight sessions of declines and bouncing from its recent 3-1/2-month low as stress in Spanish debt markets eased and Greece secured funds to repay its bondholders....read more

Sterling at 3-1/2 yr peak vs euro as BoE seen on hold

Thursday, 10 May 2012 | Reuters

Sterling hit a new 3-1/2 year high against the euro on Thursday on concerns about political deadlock in Greece, with further gains likely if the Bank of England keeps its quantitative easing programme unchanged later in the session....read more

Sterling hits 3-1/2 yr high vs euro, more gains likely

Wednesday, 09 May 2012 | Reuters

Sterling hovered just shy of an earlier 3-1/2 year high against the euro on Wednesday as euro zone political and economic worries encouraged investors to buy the currency, buoying its trade-weighted index to its highest since August 2009....read more

Sterling near 3-1/2 yr high vs euro on Greece worries

Wednesday, 09 May 2012 | Reuters

Sterling hovered within sight of a 3-1/2 year peak against the euro on Tuesday as election results in Greece and France cast doubt on the durability of austerity plans aimed at tackling the euro zone debt crisis....read more

Sterling recovers vs dollar after mixed U.S. jobs data

Saturday, 05 May 2012 | Reuters

Sterling recouped losses from weaker-than-expected U.S. jobs data to trade steady against the dollar on Friday, and looked likely to stay supported in the near term while questions remained over the resilience of the U.S. economic recovery....read more

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