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Global Exchange

Exchange Rates for Thursday 17th May 2012

Market Updates

12 May

Sterling bounces on election coalition

UK Conservative party leader David Cameron was appointed as UK Prime Minister yesterday evening. Lib Dem leader Nick Clegg has been appointed as deputy PM, George Osborne is Chancellor while Vince Cable, the LibDem Treasury spokesman, has been given responsibility "for business and banks" and it is believed that the Bank of England will have oversight of UK bank regulation. Read More »

15 Apr

Sterling holds its ground

Sterling gained against the New Zealand dollar after disappointing retail sales in New Zealand fed hype that interest rates may stay on hold. Read More »

13 Apr

Greek rescue package boosts the Euro

The Euro rallied yesterday as EU finance leaders unveiled its standby €30bn emergency aid package for debt-stricken Greece. Read More »

12 Apr

Sterling ends the week on a high

Sterling had a good end to the week, rising almost one cent as investors cheered stronger than forecast producer price inflation in March. Read More »

08 Apr

Currency Update - 8th April 2010

The Greece story continues to weigh heavily on the Euro which has continued to sink under the weight of the problems in Athens, as well as weak economic data after Euro zone final Q4 GDP was revised down from growth of 0.1% to show stagnation at 0.0%. The news saw Sterling reach a 7-week high against the single currency. Read More »

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