Exchange rate developments and the events behind them. Each report is dated so you can see when it was published.
These reports were published in March 2013. For current indicative exchange rates, use the currency converter.
After weeks of positive data releases for the US, today’s worse than anticipated results came as something of a surprise. Firstly, in the week ending March 23rd first time jobless claims advanced to 357,000…
Sterling was able to rise against the Euro as markets braced themselves for the reopening of banks in Cyprus. On March the 16th the EU presented Cyprus with a controversial proposal demanding the enforcement…
Pound Sterling GBP/EUR – Hit two-month high The fiscal crisis in Cyprus and continuing political uncertainty in Italy caused the Euro to broadly soften yesterday, allowing the Pound to briefly achieve a two-month high…
After hitting a fresh four-month low against the US Dollar this morning the Euro has continued sliding, dipping below 1.28 US Dollars to trade in the region of 1.2792. The issues with Cyprus, when…
Pound Sterling GBP/USD – Under mild pressure After achieving close to a four-week high against the US Dollar and an almost six-week high against the Euro the Pound slipped slightly before the close of…
Pound Sterling GBP/USD – Close to four-week high, GBP/EUR – Within reach of a six-week high Sterling edged towards a four-week high against the US Dollar this morning prior to the release of CBI…
Haruhiko Kuroda may only have been the Governor of the Bank of Japan for a matter of days, but he’s already causing waves. Kuroda triggered modest but widespread declines in the Yen during local…
For a moment it seemed as though Cyprus would fail to have a bailout package approved before the EU’s deadline. But, in an action-movie style dramatic twist, Cyprus secured a ten billion Euro bailout…
Pound Sterling GBP/USD – At four-week high The Pound was able to reach its highest level against the US Dollar for a month following the release of a positive housing report for the UK.…
Yesterday the Pound strengthened against the majority of its peers, notably hitting a three-week high against the US Dollar, after UK retail sales data outstripped expectations. Although economists forecast a gain in retail sales…
Poor manufacturing/services figures for the Eurozone caused the Euro to fall against the majority of its peers yesterday, and a new twist in the Cyprus tale weighed on the currency further. The European Central…
Pound Sterling GBP/EUR – At five-week high, potential to climb further After gaining yesterday on the strength of better-than-expected retail sales figures for the UK, Sterling continued to advance on the Euro as the…