This news section provide exclusive feedback to our staff and clients to inform you on changes that affect our Forex market:
March 2009 - This time last year UK trading represented 58% of the average global daily turnover of $3.1 trillion. Even later that year reports in October 2008 accounted for 53%, still a huge increase from 2006. The pound tumbled to a 2 year low versus the Euro at the end of 2008, however the figures have begun to stabelise and we have even seen signs of peaks in rates lately. This could be because many investors worldwide are moving there investments from emerging currencies into currency safe havens such as commodities. All this is largely due to interest rate cuts at the central banks across the world.
December 2008 - In December 2008, a record high of 94.75 pence for the euro came close to matching the pound. Although it did not break the record held at 95.56 pence.
October 2008 - Japan's currency increases 8.6 % against the dollar. The euro tumbled to a 2 year low versus the US dollar and a six year low against the yen.