US Dollar under pressure whilst Sterling sold further against the Euro
Disclaimer: THIS MATERIAL IS NOT INVESTMENT RESEARCH AS DEFINED BY THE FINANCIAL SERVICES AUTHORITY
The continuing trend in the foreign exchange market is for the US Dollar to be sold when risk appetite increases. This morning sterling has put some pressure on the US dollar even though the UK economy is expected to weaken the most next year, Sterling buyers are still hard to find.
Against the Euro, the deprecation of the pound continues. Sterling traded down to 1.1330 against the Euro yesterday, its lowest level since the single currency was created in 1999. This morning, currency traders have retested the 1.14 level and failed to break through the resistance.
Thursday 11 December 2008, 11:09am
Latest Posts
05 March 2010, 12:18pm
17 February 2010, 03:57pm
10 February 2010, 03:49pm
04 February 2010, 03:45pm
28 January 2010, 11:55am
19 January 2010, 12:41pm
13 January 2010, 12:44pm
02 December 2009, 04:18pm
23 November 2009, 12:15pm
16 November 2009, 12:19pm
Our Twitter Updates
Monthly Archives
2010
March (1 entry)
Febuary (3 entries)
January (3 entries)
2009
December (1 entry)
November (3 entries)
October (2 entries)
April (3 entries)
March (7 entries)
Febuary (4 entries)
January (11 entries)
2008
December (8 entries)
November (12 entries)
October (13 entries)
September (12 entries)
August (4 entries)
July (4 entries)
June (17 entries)
May (12 entries)
Tags
The details expressed in this website are for information purposes only and are not intended as a solicitation for or a recommendation to buy or sell any currency. You should exercise your own judgment before entering into any financial transaction, including the buying or selling of foreign exchange. FairFX Plc accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the information contained or related to this site.
The material set out in this website is current as of the indicated date. This material is prepared from publicly available information believed to be reliable, but FairFX Plc makes no representations as to its accuracy or completeness. All expressions of opinion are subject to change without notice. Opinion may be personal to the author and may not reflect the opinions of FairFX Plc.
FairFX Plc is not acting as your financial adviser or in a fiduciary capacity in respect of any foreign exchange transaction Before entering into any foreign exchange transaction you should take steps to ensure that you understand the transaction and have made an independent assessment of the appropriateness of the transaction in the light of your own objectives and circumstances, including the possible risks and benefits of entering into such transaction.
