Market News

As the third largest economy in the Eurozone, the news that there will likely be a postponement of Italy's budget meeting resulted in nervous investors.

Federal Reserve raised interest rates a quarter point on Wednesday and remained committed to gradually tightening monetary policy in light of its expectation for economic growth this year and next.

While cautious optimism has managed to provide the Pound Sterling with some support, the doubting factions have capped momentum and pushed the Pound lower during Wednesday trade in London.

The dollar traded in a tight range on Wednesday.

Sterling continues to move higher with a general improvement in investors' risk appetite as hopes continue to rise that the UK government will be able to secure a Brexit deal.

The U.S. dollar was higher on Tuesday, as traders looked for hints from the U.S. Federal Reserve which analysts expect to raise interest rates later this week.

Hope of a deal for the UK government has helped to push the Pound higher against the US Dollar.

News that the ongoing US-Sino trade war is about to shift into high gear had given the Japanese Yen, as a safe haven currency, a lift

This week is likely to be very active, as there is plenty of important data scheduled concerning the U.S. Dollar as well as some other currencies.

The impact of trade war fears generated by the ongoing rift between the United States and China is estimated to create less damage to global growth rates than initially expected.

A combination of factors helped to push the Pound Sterling higher during London trade on Thursday.

The U.S. dollar traded near seven-week lows against its primary trading partners on Thursday as traders edged away from the currency on fears of the spiraling trade war between the United States and China.

The Pound Sterling edged higher and struck a 9-week peak versus the US Dollar on news that the UK's CPI for August was higher than anticipated,

The Japanese Yen moved away from a 2-month trough versus the US Dollar with investors taking the latest tariff issues in stride.

The Pound Sterling eased away from a 6-week peak as FX traders exercise caution ahead of this week's EU summit.