sterling weakness

Sterling Dragged Lower across the Board as Financial Problems Grow

Concerns over the banking sector and the global economy are helping to put major pressure on sterling.Among G-10 currencies, sterling is the worst performer against the U.S. dollar. Following the open of the North American trading session, cable hit a session low at 1.3743.Currency strategists said concerns over the financial sector are primarily responsible for the pound's underperformance. UK bank Lloyds has agreed to give over control of Britain's largest mortgage provider to the government in exchange

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Grim Canadian Data Could Add to Canadian Dollar Weakness

Weaker Canadian data could be having a slight impact on the Canadian dollar as equity momentum dominates currency markets.A drop in equities is causing a rally in the U.S. dollar across the board. Positive market sentiment caused a modest sell-off in USD/CAD in the Asian session. However, the sentiment dissipated just before the North American open. The cross is trading around the 1.24 level.The Canadian dollar continues to be one of the worst performers against the U.S.

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Canadian Dollar Strengthens After Carney Rules Out Early Quantitative Easing

The Canadian dollar wiped away some early weakness after Bank of Canada Governor Mark Carney said he was in no rush to use extraordinary measures to stimulate lending.The Canadian dollar lagged other major currencies early in the session on weakness in oil and worries about the automotive industry, but reversed after a speech from Carney.Speaking in Yellowknife, Carney downgraded growth forecasts, saying the Canadian economy could contract in the second half of 2009. But the key takeaway

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Forex (foreign exchange) Currency trading

Forex trading (foreign exchange), Currency trading, Daily forex major currency technical analysis

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Fed Keeps Target Rate and Asset Purchases Unchanged

The U.S. Federal Reserve maintained the status quo on Wednesday, keeping rates unchanged, as expected, and maintaining the amount of Treasuries, mortgage-backed securities and government sponsored enterprises (GSE) assets they intend to purchase.The Fed said it will evaluate the timing and amount of future asset purchases over time, and that the vote to keep the program as is was unanimous.In the monetary policy statement, the central bank said there are some signs that the economic outlook is

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Plongeon De La Livre Sterling Sur Le Forex

La publication par la Banque d'Angleterre du traditionnel rapport trimestriel sur l'inflation a laissé planer de très fortes inquiétudes sur les perspectives économiques outre manche, faisant littéralement plonger la livre sterling face aux autres devises sur le marché des changes. Ainsi, en début de matinée, la livre sterling est tombée à

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Fed's Duke Sees More Weakness in Consumer Borrowing

Consumer credit has been trending down and shows signs it will slow further in the near term, Federal Reserve Governor Elizabeth Duke said on Monday.Looking back over the past 50 years, non-mortgage consumer credit typically weakens throughout a recession as labor markets deteriorate and often turns down even after the recession ends, she said in a speech delivered at the University of North Carolina, in Charlotte. Thus, history suggests that consumer credit growth will likely slow further

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Pound Sterling / Malaysian Ringgit converter (UNITED KINGDOM / MALAYSIA)

Pound Sterling / Malaysian Ringgit converter (GBP / MYR) will convert the currency of UNITED KINGDOM in currency of MALAYSIA with the actual exchange rate.

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La livre sterling au plus mal, proche du point psychologique de 1,8000 contre le dollar.

Dégringolade de la livre sterling aujourd’hui suite au commentaire ce week end du chancelier de l’Echiquier, Alistair Darling, indiquant que l’économie britannique est confrontée à ce qui pourrait être sa pire contraction des 60 dernières années. Les deux chiffres de ce matin, les approbations des hypothèques et l’indice PMI manufacturier en baisse

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Sterling Dragged Lower across the Board as Financial Problems Grow

Concerns over the banking sector and the global economy are helping to put major pressure on sterling.Among G-10 currencies, sterling is the worst performer against the U.S. dollar. Following the open of the North American trading session, cable hit a session low at 1.3743.Currency strategists said concerns over the financial sector are primarily responsible for the pound's underperformance. UK bank Lloyds has agreed to give over control of Britain's largest mortgage provider to the government in exchange

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