Forexsites    Global Trader Information

5/2/2008 4:15:51 AM The British pound rose to new multi-month and new multi-week highs against the franc and the euro during early European deals on Friday. The pound also showed strength against its other major counterparts. Against the yen, the pound climbed to a 4-day high.

Latest report from the Halifax showed that the house prices in UK fell 0.9% on a year-on-year basis in April. On a monthly basis, the house prices declined 1.3%. The Halifax said that more interest rate cuts are expected from the Bank of England over the coming months due to signs of expected economic slowdown.

Against the US dollar, the pound climbed to 1.9859 by about 3:45 am ET Friday, after falling to 1.9726 by about 3:00 am ET. The pair closed Thursday`s deals at 1.9750.

The US April unemployment rate, change in Nonfarm payrolls and the factory orders report for March are expected to drive deals in the New York morning.

The British currency edged up against the Japanese yen during early deals on Friday. At about 3:45 am ET, the pound rose to a 4-day high of 208.10, compared to yesterday`s closing value of 206.25.

Against the euro, the sterling climbed to a new multi-week high of 0.7793, from 0.7840 by about 3:45 am ET. The euro-pound pair was worth 0.7838 at Thursday`s North American close.

A report from the statistical office INSEE said that the French producer prices rose 0.5% month-on-month in March, in line with expectations. In February, producer prices had climbed 0.4%. Year-on-year, producer prices were up 5.2% in March, slightly more than the 5.1% rise expected.

The UK`s sterling started ticking up against the franc by about 3:05 am ET. The pair climbed from 2.0689 to a new multi-month high of 2.0823 by about 3:45 am ET. The pound-franc pair closed Thursday`s deals at 2.0711.

The Swiss SVME Purchasing Managers` Index, or PMI, edged up 1.4 points to 56.7 points in April, Credit Suisse reported Friday. Economists had expected the index to stand at 55. This is the first increase since the beginning of this year. In March, the index recorded a reading of 55.3 and in the previous year, it was 62.2. Copyright © 2007 RTTNews.com. All Rights Reserved.

Swiss Franc Recovers From 7-week Low Against Sterling [GBP/CHF]
4/29/2008 5:51:31 AM In early European deals on Tuesday, the Swiss franc reversed its Asian session`s loss against the British pound. The franc thus recovered from a 7-week low against the pound. On the other hand, the Swiss franc declined to a 4-week low against the yen and a 4-day low versus the dollar. Against the euro, the franc showed strength in today`s early deals.

Latest report released by UBS AG stated that its monthly consumption indicator stood at 2.29 in March compared to 2.32 in February.

Against the US dollar, the Swiss franc hit a 4-day low of 1.0401 at about 4.05 am Eastern Time, compared to Monday`s North American session close of 1.0341. Currently, the dollar-franc pair is trading at 1.0372.

The franc traded higher against the European currency today. At about 4.35 am Eastern Time, the franc reached 1.6147, up from Monday`s New York session close of 1.6190.

Against the British pound, the Swiss currency hit a 7-week low of 2.0667 at about 3.35 am Eastern Time. Thereafter, the franc gained ground and is currently quoted at 2.0542, compared to yesterday`s close of 2.0595.

UK`s M4 money supply growth for March was revised down to 11.9% annually from 12%, a final report from the Bank of England, or BoE, showed Tuesday. The money supply growth eased from 12.3% in February and 13.2% in January.

The number of mortgage approved in the UK totaled 64,000 in March, the Bank of England indicated Today. Mortgage approvals in March were lower than the February`s 72,000 and 66,000 expected by analysts.

The Swiss currency showed weakness against the Japanese yen in early deals today. At about 3.05 am Eastern Time, the franc-yen pair hit a 4-week low of 100.29. The pair that closed yesterday`s trading at 100.81 is now worth 100.56.

The Bank of Japan and the US Federal Reserve are scheduled to announce their interest rate decisions tomorrow. The FOMC is widely expected to cut the benchmark interest rate by a quarter percentage point to 2.0 percent, while analysts expect the BoJ to keep rates unchanged at 0.5%. Copyright © 2007 RTTNews.com. All Rights Reserved

Swiss Currency Choppy Versus Sterling [GBP/CHF]
4/23/2008 8:32:08 AM Versus the sterling, the franc saw mixed action on Wednesday. By the mid morning, the franc had bounced between a high of 1.9970 and a low of 2.0098. The pair moved as the number of mortgage approved for house purchases in the UK declined to 35,417 in March. Approvals for house purchases were the lowest since the series started in September 1997. In February, the number of approvals totaled 43,147.

Swiss Franc Climbs To 24-day High Against Sterling [GBP/CHF]
4/10/2008 4:41:16 AM In early deals Thursday, the Swiss currency advanced to a 24-day high against its British counterpart. At about 4:35 am ET, the franc fetched 1.9611 against the sterling, compared to 1.9807 hit late yesterday in New York.