http://www.foreign-exchange-rate-advice.co.uk/exchange-news/rss.php?w=new New Blogs in Currency Exchange News. en-us Wed, 23 Jul 2008 21:44:19 +0100 Currency Exchange News RSS vcopp@gcsexpress.com http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=72 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=72 The world’s favourite scapegoat currency is on the up. China’s renminbi, revalued at Rmb8.11/$1 in July 2005, is now within a whisker of Rmb7/$1. It has strengthened by some 4 per cent against the dollar so far this year following a 7 per cent appreciation in the whole of 2007. Is Beijing relaxing its traditional opposition to a stronger currency? Tue, 08 Apr 2008 00:00:00 +0100 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=71 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=71 The US economy will not grow much if at all during the first half of this year and “could even contract slightly”, Ben Bernanke said on Wednesday, admitting for the first time that a “recession is possible”. The chairman of the Federal Reserve said its recent actions – big interest rate cuts and emergency measures to support market liquidity – “appear to have helped stabilise the situation” in financial markets “somewhat.” But he said those markets remained under “considerable stress”. Tue, 08 Apr 2008 00:00:00 +0100 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=70 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=70 Sterling has strengthened today back to a rate of 2 dollars to the pound for the first time in a week. Fri, 04 Apr 2008 00:00:00 +0100 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=69 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=69 2 large Banks , Lehman Brothers and UBS announced new share issues yesterday and the market took an optimistic view that the worst of the credit crisis is over. Wed, 02 Apr 2008 00:00:00 +0100 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=68 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=68 The pound bounced back slightly overnight against the Euro following its record lows yesterday. Tue, 01 Apr 2008 00:00:00 +0100 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=67 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=67 Highlights for this week Mon, 31 Mar 2008 00:00:00 +0100 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=66 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=66 The pound fell this morning to an all time low against the Euro at 1.2636. This followed the release of housing data and consumer confidence figures. Fri, 28 Mar 2008 00:00:00 +0000 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=65 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=65 Futures markets expect the Bank of England to cut borrowing costs next month following analysts stating that the pound would stay weak. Thu, 27 Mar 2008 00:00:00 +0000 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=64 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=64 The Bank of England announced this morning that risks to sterling were to the downside. This had an immediate impact on the market and sterling began to slide. Wed, 26 Mar 2008 00:00:00 +0000 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=63 http://www.foreign-exchange-rate-advice.co.uk/exchange-news/blog.php?bid=63 Good Morning,Tension levels remain high as markets continue to be awash with rumours about the fall out from the ongoing credit crisis. Markets are likely to remain distracted by such events again this (holiday shortened) week, though a number of other key data releases will also feature as important aspects.  Tue, 25 Mar 2008 00:00:00 +0000