British pound

During the Asian the euro went up against the US dollar and the Swiss franc and was traded at $1.4066 and 1.2452 francs respectively from yesterday’s $1.3969 and 1.2452 francs.  

The Swiss currency continued growing versus majors following the previous session’s rally.

The Swiss franc surged to a fresh 3-year high of 93.93 against the yen around 9:10 am ET. On the upside, the loonie-yen pair may breach the key 0.94 level in near-term.

The Swiss franc also advanced to fresh multi-week highs of 0.8947 against the US dollar and 1.4594 against the pound at this time. A further rally may push the alpine currency to breach its all-time high of 0.8935 against the buck and it may challenge target level at 1.4460 against the pound.
 

The greenback declined to multi-day lows against major currencies of Europe. Meantime the dollar also weakened from an early Asian session's fresh multi-week high against the yen.

The dollar is currently trading at a 6-day low of 1.4168 against the euro with 1.422 seen as the next downside target level. At yesterday's close, the euro-dollar pair was quoted at1.4127.

Against the pound, the dollar is now trading at a 6-day low of 1.6116, compared to yesterday's close of 1.6076. If the dollar weakens further, it may likely target the 1.620 level.

The US dollar declined against its major counterparts ahead of the European deals as risk appetite returned after most Asian stocks recouped their early losses.

At present, the dollar is trading at a 4-day low of 0.9145 against the franc, 1.6045 against the pound and 1.4129 against the euro, compared to yesterday's close of 0.9169, 1.5995 and 1.4089, respectively. The next downside target level for the dollar is seen at 1.610 against the pound, 1.422 against the euro and 0.910 against the franc.

The UK pound lost some of its early European gains versus major counterparts as the Bank of England decided to leave its key interest rate unchanged at a record low again as expected and maintained the size of the quantitative easing.

The pound that rose to a 6-day high of 134.38 against the Japanese yen just before the rate decision pared almost 50 pips shortly after the announcement. The pound-yen pair is presently trading around the 134.0 area. The next downside target for the pair is likely to be seen around the 133.50 level in near-term.

The UK sterling declined versus major currencies in early European deals as a report showed that U.K.'s Halifax house price index slumped in December.

The pound that jumped to a new multi-month high of 0.8287 against the euro around 2:40 am ET reversed direction shortly to reach as low as 0.8333 around 3:50 am. The euro-pound pair closed last week's deals at 0.8302. On the downside, 0.8410 is seen as the next probable support for the pound.

The UK sterling moved down in Tuesday trading against Swiss franc and declined to a new multi-month low against the yen and a fresh multi-week low versus the euro

Extending Asian session downtrend, the sterling declined further against the euro in European deals today. At around 5:30 am ET, the pound slipped to a fresh multi-week low of 0.8589 versus the euro, compared to yesterday's close of 0.8539.

During morning trades on Thursday the UK pound showed mixed trading reaching a fresh multi-month high against the US dollar while falling to a 9-day low against the euro as investors are looking forward the decision of the Bank of England.

The pound reached a fresh 9-month peak of above 1.62 against the US dollar before reversing direction around 6:40 am ET as investors dumped the dollar after the Federal Reserve announced the fresh stimulus in an effort to jump start the floundering US economy.

 During early Monday deals the US dollar along with the Japanese yen dropped against majors as a rally in Asian and European stocks reduced demand for safe-haven currencies. 

The dollar, which closed last week's trading at 1.0177 against the Swiss franc declined to a 2-week low of 1.0083 in early deals on Monday. The next downside target level for the dollar-franc pair is seen at 1.0035.

 The euro increased against the dollar and the Swiss franc as the European stocks jumped today ahead of a key U.S. employment report. Meanwhile, the euro recovered its Asian session's loss against the pound and the yen.

The euro strengthened against the dollar in early deals on Friday. Currently, the euro-dollar pair is worth 1.4906, up from Thursday's close of 1.4871. If the pair climbs further, it may target the 1.4919 level. 

 The Japanese yen increased against its U.S., European and Swiss counterparts in early deals on Friday. At present, the yen is worth 134.65 against the euro, 90.53 per dollar and 89.09 against the franc.

Meanwhile, the yen recovered from an early Asian session's 2-day low against the pound. As of now, the pound-yen pair is trading at 150.26.


 

 As investors are waiting for the Bank of England to announce the interest rate decision the British pound recovered versus U.S., European and Swiss counterparts in European deals on Thursday. Meantime, the pound dropped against the Japanese yen.

Against the US dollar, the British pound gained ground after hitting a low of 1.6470 at 2:00 am ET Thursday. The pound-dollar pair is currently trading at 1.6544, compared to 1.6556 hit late New York Wednesday. The next upside target level for the pair is seen around 1.661.

 During European deals on Thursday the euro showed mixed trading against major counterparts as investors are awaiting the decision of the European Central Bank on the interest rates.

The euro bounced between 1.5094 and 1.5107 against the Swiss franc in early deals on Thursday. The next downside and upside target levels for the euro-franc pair are seen around 1.5083 and 1.513, respectively. At yesterday's close, the pair was quoted at 1.5099.

 Following the release of U.S. ADP National Employment report for October at 8:15 am ET, the greenback edged down against most of its major counterparts. Currently, the dollar is worth 91.93 against the Japanese yen, 1.0235 against the Swiss franc and 1.4771 against the euro.

 During Wednesday Asian trading the Japanese yen dropped against its major rivals after it showed strong trading.

The Japanese unit fell to 90.40 against the US dollar and 148.52 against the pound, from 90.06 and 147.86 respectively hit during today's early Asian session. The yen was worth 90.35 against the buck and 148.51 against the pound at Tuesday's New York session close.