Corporate foreign exchange news

Sterling strengthens against foreign currency

Tuesday, 12 January 2010 09:42:31 GMT

Sterling gained strength in foreign currency exchange trading yesterday, but is unlikely to make vast improvements due to concerns over national debt.
Published by Zeb Bham
The pound made headway against the US dollar on Monday (January 11th), following the release of weak jobs data from the US late last week.
However, in foreign currency exchange trading against the euro, sterling remained stable, Reuters reports.
Ongoing economic and political concerns in Britain have kept up the pressure on the pound in recent months and there is little sign of a change in this situation.
Figures detailing retail sales in the UK due out this week may offer some clues as to the state of the country's economy, the news agency notes.
Pressure has remained strong on the dollar as well, as weak payroll data and comments suggesting that interest rates may remain low for some time took their toll on traders' positions in foreign currency exchange markets.
For more information on foreign exchange treasury services and risk management, visit our Corporate FX site
ADNFCR-2522-ID-19551574-ADNFCR
Logo

Speak to one of the team

Please get in touch.

Contact details

Corporate FX
5th Floor, 62 Cornhill
London, EC3V 3NH
United Kingdom
Tel: 020 7743 7000
Fax: 020 7743 7001
Email: info@corporate-fx.co.uk

Contact us / Feedback

Thanks for contacting us

Map and directions

We are situated in the heart of the city of London.

Nearest tube/DLR stations:

Bank
Liverpool Street
Aldgate
Monument

Nearest mainline rail stations:

Liverpool Street
Fenchurch Street
Cannon Street

Global Reach Partners Limited; Registered in England No. 4344764. Registered for Money Laundering Regulations and Money Services
Business at Her Majesty's Revenue & Customs registrations No. 12140164. Supervised by the FSA in accordance with the payment
services regulations 2009, registration No. 504315.
© 2009 Global Reach Partners. Site credits