Pound up against multiple currencies US Dollar Exchange Rates Later this afternoon the only data out from the USA is a Markit Manufacturing PMI report for November. Last Thursday and Friday were both quiet days for the markets with Thanks Giving and Black Friday taking centre stage! Pounds to Euros U.K. manufacturing growth unexpectedly accelerated …
Category archives: Buying Euros
Best Foreign Exchange Rates online
U.K. manufacturing growth unexpectedly accelerated in November to the fastest pace in four months as domestic demand strengthened. The report showed export orders fell for a third month, further highlighting Britain’s dependency on domestic demand. Data last week showed a jump in consumer spending drove the U.K. economy to a seventh straight quarter of growth …
Germany figures are euro rate positive
US Markets closed today for Thanks Giving. Germany figures are euro positive. US Dollar exchange rate The USD fell against for a third day, the longest streak in a month, after data raised concern the U.S. economic recovery has slowed down! U.S. Labor Department figures yesterday showed the pace of improvement in the labor market …
pound slipped 0.1 percent against the dollar and the euro
Britain’s biggest mortgage lenders face faltering earnings growth as potential homebuyers pull back before next year’s general election, regulators tighten financing and the economy slows. Nationwide Building Society, the U.K.’s third-largest mortgage lender, yesterday reported a 36 percent slump in home loans in the six months through September, an indicator that other banks may encounter …
Continue reading “pound slipped 0.1 percent against the dollar and the euro”
Pounds to Euros
A quiet day for the UK today following a busy end to last week. The pound initially had fallen to well below 1.25 and was boosted by the less dovish tone from the Bank of England committee pushing the pound up a solid 100 points against the euro. This was also helped by Draghis comments …
pound drop against both the euro and US Dollar
Yesterday saw the pound drop against both the euro and USD following Octobers construction PMI posting a decline on the previous month. Initially markets had been expecting some positive data but the pound took a tumble when the post revealed the not so good data. This morning we have the October services PMI for both …
Continue reading “pound drop against both the euro and US Dollar”
euro area inflation for October
The main focus this morning will be the flash estimate of euro area inflation for October, providing an initial area-wide read of whether disinflationary pressures are continuing to mount. In the afternoon, attention will shift to the US release of income, spending and consumption deflator data for September. In the UK, the main release will …
Draghi may help Europe’s rich get richer
What is a quiet day for UK and EU data today’s focus will be on the US with markets paying particular attention to durable goods orders for September, and the conference Boards consumer confidence index for October. With the FOMC expected to announce an end to QE3 asset purchases tomorrow, and Thursdays release of the …
Sterling was little changed versus the euro
Yesterday’s UK retail sales showed a fall of 0.3% in September, with the quarter-on-quarter growth rate slowing to only 0.3% in Q3 compared with 1.6% in Q2. The pound has gradually fallen against both the dollar and euro ahead of today’s GDP figures as markets are expecting the pace of growth slowed in the third …
Continue reading “Sterling was little changed versus the euro”
England Minutes for October
Yesterday was a day that allowed the pound to gain against both the USD and EURO but unfortunately today the pound has dropped following the latest Bank of England Minutes for October. The pound fell and U.K. government bonds advanced as minutes of the Bank of England’s most recent meeting showed the majority of policy …