Greece Thrown Final Lifeline

It was a fairly quiet end to last week for our most commonly traded currency pair, GBP/EUR, with the cross remaining in a tight range for most of the day. It was a different story for GBP/USD however, as the US currency lost nearly one percent to the pound. Optimism over the potential for an … Read more Greece Thrown Final Lifeline

Sterling Breaks €1.40 and $1.50

Friday saw the pound make decent gains against its two main counterparts, the euro and the US dollar, despite no data releases of note. The movement was merely a continuation of the trends set earlier in the week, with the usual suspects, Greece, the election and potential monetary policy changes dictating market movement. The pound … Read more Sterling Breaks €1.40 and $1.50

Pound hits 7 year high against euro

Pound climbs again in wake of QE announcement Another turbulent week last week saw the euro lose yet more ground against its major counterparts, with the pound and dollar reaching 7 and 11 year highs respectively against the single currency. The US currency was the biggest winner from yet more eurozone uncertainty, gaining against sterling as … Read more Pound hits 7 year high against euro