Pure FX Blog

What Effect Has The Eurozone Crisis Had on The Foreign Exchange Rates?

In brief, the Eurozone debt crisis has had the following effects on the foreign exchange rates: 1. It has weakened the euro, as doubts about the economic stability of the Eurozone’s members, not to mention the survival of the currency … Read more

Pound Foreign Exchange Rate to Gain on UK Growth?

Welcome to our account of changes in the foreign exchange rate in the past 24 hours, as well as our look ahead. Is the UK set to expand? This is the question on the lips of most investors this morning, … Read more

Pound to Climb as UK Tackles Deficit?

Will the pound continue to climb as the UK government’s fiscal consolidation gains pace? The latest UK public borrowing figures make for interesting reading this afternoon. The government borrowed £2bn more than forecast in March, but overall managed to meet … Read more

Euro to Decline on EU Recession Woes?

Welcome to our account of changes in the foreign exchange rate in the past 24 hours, as well as our look ahead. In a nutshell: 1. The euro could weaken in the short term, as Eurozone manufacturing continues to contract … Read more

Pound Climbs as IMF Boosts Firepower

Welcome to our account of changes in the foreign exchange market over the weekend, as well as our look ahead. The pound has climbed against the US and Canadian dollars this morning, as the IMF announces it has raised $420bn … Read more

Euro to Decline on French Presidential Election?

Welcome to our account of changes in the foreign exchange market in the past 24 hours. In Short: 1. The French Presidential election could prompt euro weakness in the short term, as markets fret about the likelihood of a Francois … Read more

Pound Shoots Up as UK Unemployment Falls

Welcome to our account of changes in the foreign exchange rate in the last 24 hours. Look at the pound go! Sterling gained a cent across the board yesterday, as UK unemployment figures for March revealed a surprise decline in … Read more

Risk Returns on Successful Spanish Bond Auction

Welcome to our account of changes in the foreign exchange rate in the last 24 hours. Is Spain back from the precipice? It could be, as overnight interest rates on Spanish government bonds edged back beneath 6.0%, as Spain sold … Read more

Euro Stable as Spain Crisis Deepens

Welcome to our account of changes in the foreign exchange market in the past 24 hours. Talk about pain in Spain! Speculation that the Eurozone’s 4th biggest economy would need a bailout reached fever pitch last night, as yields on … Read more

Euro Declines as Spain Crisis Looms

Welcome to our account of changes in the foreign exchange rate over the weekend. Is Spain to follow Greece? This is the question haunting the minds of investors in foreign exchange this morning, helping to send the euro to fresh … Read more