Compare Money Transfer News - March 2011
Sterling slides against euro as investors shrug off Portugal fears
(March 25, 2011)GBP
Sterling dropped against the euro to levels not seen for four and a half months over Thursday after disappointing sales data raised fresh worries over a fragile recovery. This was not helped by Moody’s warning that slower growth than currently seen could have an adverse effect on Britain’s credit rating.
Concerns that a weak economy could [...]
Sterling falls as risk aversion sweeps the market
(March 16, 2011)GBP
Sterling fell against its major counterparts Tuesday as renewed concerns over the nuclear crisis in Japan caused risk aversion to sweep through nervous markets.
The pound fell to a four-month low against the euro as investors’ expectations for early interest rate hikes from the Bank of England dissipated in contrast to that of the European Central Bank, which look certain [...]
Stronger than expected UK data sees sterling rally
(March 2, 2011)GBP
Sterling managed to hit a 13-month high versus the dollar Tuesday following stronger-than-expected UK data, which led to increased belief that UK interest rates are set to rise well in advance of US rates.
Comments from Bank of England policymakers that inflation will remain high this year had only a slight impact on the currency, although [...]