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Euro Pounds Currency Exchange - How this Affects Your Spanish Property Purchase I
Currency market update 21st April 2006Sterling rallied a quarter percent against the euro and steadied against the dollar below recent seven-month lows on Friday, with markets focused on the UK inflation outlook.
News that UK consumer prices rose an annual 1.8 percent in March — below forecasts for a 2 percent increase — sent the pound lower versus the euro on Thursday.
Earlier in the week, minutes from the Bank of England Monetary Policy Committee's April meeting by contrast showed that members saw upside risks to prices stemming from higher energy costs, even though all but one voted to keep rates at 4.50 percent.
Euro Pounds Currency Exchange - How This Affects Your Spanish Property Purchase II
Sterling Holds Gains
Sterling rose to within a whisker of last week's seven-month high versus the dollar on Monday after stronger than expected British retail sales and upbeat mortgage lending numbers dampened talk of a rate cut.
The dollar weakened against most major currencies after the Group of Seven industrialised nations on Friday stepped up rhetoric to say that China must let its currency rise to help cut its growing trade surpluses with the rest of the world.
But sterling extended its gains versus the greenback and also rose versus the euro on news that retail sales rose by a monthly 0.7 percent in March, more than double forecasts.
Euro Pounds Currency Exchange - How This Affects Your Bulgaria Property Purchase
Currency markets update 26th April 2006
Sterling Falls Against Majors
Sterling hit a fresh two-week low against the euro and also lost ground against the dollar on Wednesday after UK growth data which came in line with expectations prompted some position adjustment.
Britain's economy grew 0.6 percent in the first quarter of 2006 with the annual rate of 2.2 percent, exactly in line with analysts' forecasts.
Service sector growth slowed to 0.6 percent, after growing 1 percent in the last three months of 2005, due to weaker retail and car sales.
Currency Exchange: How This May Affect Your Spanish Property Purchase
Currency market update 27th April 2006
Sterling hit a 3-week low against a strong euro and held steady against the dollar after data showed British house prices barely budged in April following a jump in March.
The Nationwide Building Society said prices were up only 0.1 percent in April, after a 1.1 percent rise the month before, taking the average price of a British home to 163,573 pounds in seasonally adjusted terms.
The annual rate dropped back to 4.8 percent in April from a 10-month high of 5.3 percent in March.
Currency Exchange - How This Affects Your Spanish Property Purchase
Currency market update 28th April 2006
US dollar continues fall, Sterling gains some ground on Euro
Sterling hit a new 7-month high against the dollar and rose to the day's highs against the euro on Friday after the release of a strong UK consumer confidence survey.
The Gfk consumer confidence index gave a reading of -4 in April, up from -7 in March, and above the forecast -6.
Earlier on Friday, the National Institute of Economic and Social Research revised up its growth forecast for 2006 to 2.5 percent from 2.3 percent predicted in January.
