Market Analysis

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The GBP Versus The USD And The EUR

Forex News: GBP/USD Strengthens Due to BOE Comments on Inflation Rate Increases

UK forex news from the Bank of England (BoE) caused GBP/USD trading to end at the 1.5655 level, higher than the low of 1.5644 that it had recorded during the August 8 trading. The UK pound had earlier touched that low due to higher-than-expected trade deficit figures although it attempted to stabilize at the 1.5650 […]

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Forex News: The Weak UK Economy Will Continue to Weigh on the British Pound

The British Pound gained ground against the USD and the other European Currencies in early trading Tuesday after a report showed UK manufacturing output in June fell by 2.9%. Manufacturing output represents 25% of the total UK Gross Domestic Product. Traders acted positively to the reported lower-than-forecast decline. Analysts predicted a much bigger month on

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Forex News: Asian Currencies Lift on Positive China Economic News

  Positive Asian forex news on China’s economy helped lift Asian currencies, with the Singapore dollar reaching a 12-year high against the euro and a 14-year high vs. the Malaysian ringgit. The Singapore dollar hit $1.5248 against the euro on Monday’s trading and $2.5222 against the ringgit. Singapore remains the sole emerging Asian country that

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