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The pound trimmed gains on the US dollar yesterday after better-than-anticipated US economic data dampened expectations for further Federal Reserve easing measures, according to forex-rateit.com. GBP/USD fell back from a daily high of 1.5874 to hit 1.5853 in US morning trade, a rise of 0.12 per cent. Cable was expected to find support at...

Expats, pensioners and holiday homeowners are selling up and returning home in large numbers – or at least sending their foreign money back to Britain. UK-based foreign-currency brokers are reporting a massive amount of foreign money being converted back into pounds from overseas. At the same time, property companies from overseas have...

The commodity currencies and the euro suffered heavy losses in Asian trading today as investors cut commanding positions after key events such as the European Central Bank’s injection of cash passed without surprise, reports Reuters. The euro dropped from close to three-month highs after banks in Europe took on 530bn euros of cheap...

The euro suffered modest losses in Tuesday in Asia, while the yen held tight to overnight gains before a further wave of cheap money from the European Central Bank which could boost risk appetite and pressurise the yen once more, reports Reuters. News of Standard and Poor’s decision to reduce its Greek ratings to ‘selective default’,...

The yen fell to a seventh-month low on the dollar in Asia, while the euro held firm as investors continued unwinding negative bets on the single currency before a fresh liquidity injection by the ECB, reports Reuters. The yen, which has been pressurised since the Bank of Japan’s surprise easing earlier in February, fell to depths not...

The euro was at a two-and-a-half month high on Friday, keeping a hold of the hefty gains made a day earlier after data on improved business sentiment in Germany encouraged traders to cover their positions, reports Forex. The euro rallied one per cent on Thursday, easily spiking above the Ichimoku cloud on the daily charts. It also breached...

The yen suffered losses in Asia today, having fallen to a seven-month low against the dollar, while the pound also endured a tough time after the Bank of England’s February policy meeting saw less change than expected, reports Reuters. This helped the euro remain steady, even after Wednesday’s PMI surveys suggested that the eurozone...

The euro traded flat versus the dollar yesterday, after almost hitting a two-week high earlier, as investors turned their focus to the obstacles to implement a Greek bailout package and the implications it will have on the eurozone economy. Reuters reported that eurozone finance ministers reached a deal on a 130bn euro bailout for Greece...

The euro rose yesterday on expectations that the policymakers within the eurozone would approve a second bailout to Greece, although risks over implementing the agreement and a loose monetary policy outlook in the eurozone were predicted to cap the gains of the common currency, reports Reuters. Analysts expected that the bailout deal,...

Foreign Secretary William Hague has spoken about the problems which Greece will face if it opts to abandon the euro, reports the BBC. Hague said that they must be prepared to act to prevent euros leaving the country, perhaps by introducing border controls. Eurozone finance ministers are set to discuss a bailout package of 130bn euros...