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Pounds to Dollars Archive


Forex traders finally sell euros

Forex traders took the queue from super Mario to sell euros today as their leader abandoned them. Super Mario is been jawboning (talking for you not in the markets slag) the euro exchange rate down this afternoon as he appears in willing to allow the currency to go above 1.4000 which technically will push it…

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Currency Exchange Rate News 13-03-2014

Overnight Currency News Us Dollar Exchange Rate The dollar has weakened off this morning due to US data to be released this afternoon ‘Retail sales and Initial jobless claims’. Stanley Fischer, nominee to be Federal Reserve Chair Janet Yellen’s deputy, said the U.S. economy still needs stimulus to combat unemployment ahead of a report projected…

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Pounds Forecast boosted – will we see 1.3000 against the Euro

Hi All Analysts have increased their year-end forecasts for the pound against the dollar to the highest in more than two years amid speculation the Bank of England will increase interest rates before the Federal Reserve. The Pound has gained a whopping 13 percent in the past year against the US Dollar, the best performer…

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Why I hate the euro exchange rate

Argh – I hate the euro exchange rate! Last night various media sources were highlighting the strength of the UK economy and that the BOE  will have to rise Interest rates by sixfold. Whilst I not in favor of interest rate rise as like many I have a mortgage the above is not a reason…

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Australian Dollar exchange rate starts to climb

Hi All, Just watching the Australian Dollar exchange rate start to climb here back above the pounds to Australian Dollar rate of 1.8500 for the first time today. The RBA has become a little more upbeat of past and the chance for further cuts have watered down by higher than expected inflation numbers. Also the…

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Forex traders aren’t stupid

Hi All, Forex traders continue to kick the Pound to Euro exchange rate but it has been a very tight range since the initial fall from 1.2170 to settle at 1.2000. It is very frustrating as the news in the UK is good compared to the Euro-Zone and the likelihood the BOE will have a…

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Forex Traders continue to buy Euros

The Pound exchange rate remains well supported by continued strength in domestic data, but has slipped back against the Euro Exchange Rate in recent days following the lack of any new easing action at the ECB meeting. Why Forex Traders continue to buy Euros is a mystery that leaves me scratching my head. While Pound…

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Pounds to US dollars exchange rate getting creamed

The US employment data on Friday was slightly stronger than expected, with the small rise in the unemployment rate slightly offsetting the larger than expected rise in employment. This lead to the Pounds to US dollars exchange rate getting creamed and ending the week 150 points lower From a bigger picture perspective, it seems likely…

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Why do FX traders continue to Buy Euros

Well A chart is worth a thousand words – sums up the Euro exchange rate against the pound this week. Argh the ECB cant see the word from the trees and Draghi preformed the Emperors New Clothes performance of a lifetime to convince the FOREX market to buy Euros despite countless evidence to do the…

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US Payrolls will drive the Forex markets today

Morning All, After watching the pound to euros exchange rate get kicked in the nuts today we have the US payroll figures. The Pound to US Dollar exchange rate did make me smile with it finally getting back above 1.6750, the question is can it go higher – we are hoping that cable will now…

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