The values of foreign currency can change considerably over a short period of time and although we cannot give you specific advice as to when to buy or sell currency we can arm you with information so you are able to make more informed decisions.Our currency dealers write a monthly market commentary. This offers a summary of the latest currency headlines and why foreign exchange rates have moved, as well as information on forthcoming data releases which could influence the currency market.
Latest news headlines
10 March 2010
No change in base interest rate
Following this week’s Monetary Policy Committee meeting the Bank of England has announced that the base interest rate will be kept on hold at just 0.5 percent. Having been reduced to this level last March this now marks the twelfth month where the base... Read more09 March 2010
Treasurys Slip as Claims Drop Allays Economic Fears
Prices of shorter-dated U.S. Treasurys eased on Thursday as a drop in weekly jobless claims reinforced expectations the economy is making a solid recovery and tarnished some of the safe-haven allure of government debt. Losses were muted, however, by data... Read more09 March 2010
More quantitative easing may not work, BoE rate-setter warns
Expanding quantitative easing (QE) from the current £200 billion may provide little further boost to the UK economy, a member of the Bank of England?s Monetary Policy Committee (MPC) has warned. QE has so far played an important role in the recovery... Read more09 March 2010
Markets Drift On One Year Anniversary Of Recession Lows 9-3-2010
forex greek prime minister papandreou greek prime minister papandreou » forex Markets Drift On One Year Anniversary Of Recession Lows Asian markets were mixed today after US markets closed largely unchanged yesterday.Markets had rallied on better than... Read more09 March 2010
Equities firm as US economy, Greece fears ease
Euro zone debt was generally cheaper on the back of positive stock sentiment after French President Nicolas Sarkozy promised that euro zone countries would help Greece if its financial problems worsened and vowed a crackdown on market speculators. -... Read more08 March 2010
Happy Birthday to 0.5% interest rate
When the Bank of England Monetary Policy Committee (MPC) agreed at its latest monthly meeting to keep the interest rate at 0.5% that marked exactly one year since it first reached this record low level. It came as no great surprise that the MPC held firm... Read more08 March 2010
Industrial Production Robust
Investing in industrial production... Read more08 March 2010
Canada Will Boost Interest Rates in June, Morgan Stanley Says
March 8 (Bloomberg) -- The Bank of Canada will increase its target lending rate in June on evidence the economy is recovering, according to Sophia Drossos, co-head of global foreign-exchange strategy at Morgan Stanley in New York. Were looking for them... Read more08 March 2010
Brazil Economists Raise CPI Forecast for Seventh Week
market central bank survey central bank survey » market Brazilian economists raised their2010 inflation forecast for a seventh straight week, increasingpressure for the central bank to raise the benchmark interestrate as early as next week. Economists... Read more08 March 2010
MPC holds interest rate - again
The Bank of England’s rate setting Monetary Policy Committee (MPC) has marked the first anniversary of quantitative easing by leaving the programme unchanged at £200 billion, and held borrowing costs at 0.5 per cent for the 12 consecutive month. The... Read moreOur market commentary
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