British Pound Forecast ahead of BoE Rate Decision (Daily FX via Yahoo! Finance)

This Thursday, the Monetary Policy Committee of the Bank of England is expected to cut rates by 50 bps to 1 percent. This will bring the overnight rate to the lowest level in the bank?s more than 300 years of history which could make the British pound very vulnerable going forward. Read more….

Devaluation threat to rouble: Russia props up banks with $40 billion (Times Online)

Russia’s Government yesterday threw a $40 billion lifeline to its banks as the rouble suffered another pounding, prompting further speculation that the country would be forced into a formal devaluation. Read more….

3 Reasons Why the Dollar is Higher

The US dollar traded higher against the Euro and commodity currencies but remained unchanged against the British pound and Japanese Yen. The strength of the dollar can be attributed to three primary factors. Read more….

Swiss franc drops to 2-day low against British pound (Nasdaq)

(RTTNews) – The Swiss franc lost ground after hitting a high of 1.6422 against the British pound at 2:25 am ET Wednesday. The franc is currently trading at a 2-day low of 1.6645 against the pound, compared to 1.6529 hit late New York Tuesday. Read more….

Swiss franc drops to 2-day low against British pound (Nasdaq)

(RTTNews) – The Swiss franc lost ground after hitting a high of 1.6422 against the British pound at 2:25 am ET Wednesday. The franc is currently trading at a 2-day low of 1.6645 against the pound, compared to 1.6529 hit late New York Tuesday. Read more….

British Pound Forecast ahead of BoE Rate Decision (Daily FX)

This Thursday, the Monetary Policy Committee of the Bank of England is expected to cut rates by 50 bps to 1 percent. This will bring the overnight rate to the lowest level in the bank’s more than 300 years of history which could make the British pound very vulnerable going forward. Read more….

Dollar jumps on euro, pound (CNN Money)

The dollar rose strongly against the euro and pound Wednesday, after weak economic reports from the region supported many investors’ beliefs that the regions’ central banks will cut interest rates on Thursday. Read more….

Euro Struggles With 1.3000 Pound Holds 1.44000

Another rambling night of trade in the currency market as the EUR/USD struggled with the 1.3000 handle after staging a reversal in North American session yesterday. Better risk appetite and the growing political woes of the Obama administration helped fuel Tuesday’s rally, but the unit could not hold its gains as dour economic data and [...]

Pound Declines Against Euro on Speculation Slump Deepening (Bloomberg)

Feb. 3 (Bloomberg) — The pound dropped against the euro for a second day on speculation economic reports this week will add to evidence the Bank of England needs to cut interest rates further to revive growth. Read more….

Euro Crosses: Rallies Could Accelerate (Daily FX via Yahoo! Finance)

-euro / British Pound resistance begins at .9155 -EURCHF and EURCAD appear most bullish -EURAUD and EURNZD could correct significantly lower before resuming uptrends Read more….

Swiss franc shows mixed trading against majors (Nasdaq)

(RTTNews) – Tuesday, the Swiss franc showed weakness against the US dollar and the Japanese yen. On the other hand, the franc reversed its Asian session’s downtrend against the European currency and the British pound. The franc thus recovered from a 4-day low against the euro. Read more….

Singapore Dollar Climbs To 4-Day High Versus US And Hong Kong Dollars (Nasdaq)

(RTTNews) – The Singapore dollar climbed to a 4-day high against the currencies of US and Hong Kong during Tuesday’s early session. The Singapore currency also advanced against the pound, but pared the early Asian session gains against the euro. Read more….

U.K. Pound Declines Against Euro on Speculation Slump Deepening (Bloomberg)

Feb. 3 (Bloomberg) — The pound dropped against the euro for a second day on speculation economic reports this week will add to evidence the Bank of England needs to cut interest rates further to revive growth. Read more….

Currencies: Dollar surges against British pound (Market Watch)

The U.S. dollar surges against the British pound, after Moody’s Investors Service cuts its ratings on Barclays Bank. Read more….

British pound shows weakness against majors (Nasdaq)

(RTTNews) – During early deals on Tuesday, the British pound showed weakness against its major counterparts on increased speculation that the Bank of England will cut interest rates this week. Read more….

Dollar, Yen Rise as Economy Stokes Haven Demand; Pound Tumbles (Bloomberg)

Feb. 2 (Bloomberg) — The dollar rose to an eight-week high against the euro and the yen advanced as the deepening economic slowdown stoked haven demand for the currencies. Read more….

Singapore dollar falls to 8-week low against US and Hong Kong dollars (Nasdaq)

(RTTNews) – During early Asian deals on Monday, the Singapore dollar declined to an 8-week low against the currencies of US and Hong Kong. On the other hand, the Singapore currency showed strength against the European currency and the British pound. Read more….

Ford, GM Raise U.K. Prices to Squeeze Value From Falling Pound (Bloomberg)

Feb. 2 (Bloomberg) — Ford Motor Co. and General Motors Corp. plan to raise prices in the U.K. to counter the pound’s drop, a strategy that may drive away buyers and accelerate the plunge in British car sales. Read more….

Pound Will Weaken Against Dollar and Euro, JPMorgan Report Says (Bloomberg)

Feb. 2 (Bloomberg) — The British pound will weaken against the euro and the dollar over the next five months as the government increases borrowing to kickstart economic growth, according to JPMorgan Chase & Co. Read more….

Pound Posts Record Monthly Gain Against Euro as Mortgages Rise (Bloomberg)

Jan. 31 (Bloomberg) — The pound posted a record monthly gain against the euro after a government report showed U.K. mortgage approvals unexpectedly increased in December. Read more….

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