Published: 13 October, 2010
Sterling fell against both the euro and US dollar yesterday after downbeat comments from yet another member of the Bank of England's Monetary Policy Committee saw investors lose confidence in the UK economy.
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Published: 04 October, 2010
Sterling fell to a four month low on Friday against euro as worries over further Quantitative Easing and poor data saw investors sell the pound.
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Published: 01 October, 2010
Sterling fell to a 4 month low against the euro yesterday after large flows related to the annual EU farming subsidy saw investors covering short positions after a surprise jump in orders for euros into sterling.
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Published: 30 September, 2010
Sterling fell again against the euro yesterday after Tuesday's downbeat comments by a key Bank of England policy maker left sterling under severe pressure from investors.
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Published: 28 September, 2010
Sterling rose against the US dollar to hit a seven week high of $1.5867/£1 as the US currency struggled to shake off concerns that the Federal Reserve would ease monetary policy further to stimulate the flagging recovery.
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Published: 24 September, 2010
Sterling rose against the euro yesterday as Euro zone data came in worse than expected and cast doubts over the validity of the region's recovery.
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Published: 23 September, 2010
Sterling fell to a four month low against the euro yesterday of €1.1662/£1 and a two month low against a basket of major currencies.
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Published: 22 September, 2010
Sterling fell to a two month low against the euro yesterday after stronger than expected demand for Irish and Greek government bonds eased concerns over European sovereign debt.
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Published: 21 September, 2010
Sterling fell to a seven week low against the euro yesterday after poor UK data highlighted a slow UK recovery.
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Published: 20 September, 2010
Sterling slipped against the US dollar on Friday, coming off an earlier 5 week high of $1.5730/£1 but holding firm above the $1.56/£1 level.
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Published: 17 September, 2010
Sterling fell to a seven week low against the euro yesterday as retail sales unexpectedly fell for August and high demand for Spanish debt strengthened the single currency.
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Published: 16 September, 2010
Sterling performed well against the US dollar yesterday as traders bought the pound following an increase in employment.
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Published: 15 September, 2010
Sterling performed well against the US dollar yesterday as UK inflation beat expectations and helped eased concerns that the Bank of England would increase their programme of Quantitative Easing.
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Published: 14 September, 2010
Sterling performed well against the US dollar yesterday as positive Chinese data and new banking rules helped boost risk appetite amongst global investors.
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Published: 13 September, 2010
Sterling fell on Friday against the US dollar and euro after uncertainty regarding the UK economy lead market analysts to recommend selling sterling.
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Published: 09 September, 2010
Currency update for September 9 from Smart Currency Exchange: sterling recovered from six week lows against the US dollar after strong housing data and stock market strength that saw global investors buy into riskier assets.
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Published: 08 September, 2010
Sterling fell to a 6 week low against the US dollar yesterday after concerns over the European banking sector and financial difficulties in the housing sector.
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Published: 07 September, 2010
Sterling has had a difficult seven days with the release of poor UK economic data raising significant concerns on the UK's recovery.
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Published: 06 September, 2010
Sterling suffered last week as fundamental data showed signs that the UK recovery is abruptly running out of steam.
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Published: 03 September, 2010
Sterling fell against the euro and US dollar yesterday as weaker than forecast housing and construction data added to concerns that the UK recovery may be faltering.
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