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The sterling gained on most major counterparts, particularly the US dollar, the yen and the euro on the back of today’s policy statement by the Bank of England, reports Trading Point. The central bank left interest rates unchanged at their long-term level of 0.5 per cent as anticipated, as well as keeping its asset purchase initiative on...

The euro dropped close to its recent three-month low today, due to concerns that Greece’s political uncertainty and France’s presidential change could undermine austerity plans crucial to tackling the debt crisis in the eurozone, reports Reuters. The single currency remained pressurised after the Greek Left Coalition party’s leader...

The euro lost ground on the dollar for the seventh consecutive session on Tuesday on concerns that a change of president in France and political uncertainty in Greece could threaten austerity plans viewed as key to solving the debt crisis in the eurozone, reports Reuters. The euro dropped below the psychological $1.30 level after the Greek...

The euro lost ground on the pound and the dollar on Monday after weekend election results that cast doubt on austerity plans across Europe, reports the BBC. Francois Hollande, who won the French presidency, vowed to focus more on growth, while Greece’s pro-bailout parties performed poorly. The euro dropped as low as $1.295, the lowest it...

The euro lost ground on the US dollar on Wednesday as worse-than-expected manufacturing data heightened fears about the eurozone’s economy, reports Reuters. Meanwhile, the yen bounced back from two-and-a-half month highs on the dollar following strong US data on Tuesday. Traders claimed the contrasts between the US and eurozone’s...

The Australian dollar remained steady against the US dollar today as concerns over how Spain’s financial crisis will be handled continued to impact market sentiment, while yesterday’s positive US manufacturing data helped the greenback, reports Forexpros. AUD/USD reached a daily high of 1.0355 in the late Asian trade, with the pair...

The euro has continued its fall on the Canadian dollar, as the single currency accumulated a 0.07 per cent daily loss, reports Fxstreet.com. Canada is set to announce its GDP and raw materials price index later today. It is widely anticipated that the country’s GDP month-on-month growth will be at zero per cent, while there should be an...

Global shares rose on Wednesday, boosted by better-than-anticipated earnings from Apple Inc and suggestions of improved sentiment in the struggling eurozone debt markets, reports Reuters. The dollar hit three-week lows on a range of currencies ahead of the Federal Reserve’s statement on the US’s monetary policy later in the day....

Stocks fell by over one per cent today as renewed concerns about Europe’s economy and the debt crisis in the region spurred profit-taking, reports Reuters. In addition, Wal-Mart weighed heavily on the Dow following a report that the retailer stymied a probe into allegations of bribery. The eurozone’s business nosedive has increased at...

Ten-year German bond yields spiralled to record lows earlier today and riskier assets faced pressure on mounting concerns over the debt crisis in the eurozone and uncertainty about global growth, reports Reuters. This weekend sees a potentially turbulent International Monetary Fund meeting, which is aiming to increase its funds so as to...