Decline of UK Service Industries Hurts Pound

The Great Britain pound tumbled today as the Services Purchasing Managers’ Index slumped in August, confirming a bad state of Britain’s economy and reducing attractiveness of the UK currency as a haven from problems in continental Europe.

Pound Falls as Retail Sales Decline. More Stimulus Ahead?

The Great Britain pound fell today, dropping to the lowest level in almost two months against the US dollar, after the report showed that UK retail sales declined in August, spurring speculation that Britain’s central bank will be required to stimulate the nation’s economy.

More Bad Macroeconomic Data from UK, Pound Hurt

The Great Britain pound slid versus the euro and the Japanese yen today after the macroeconomic data showed that industrial production slowed in July and house prices declined last month. Both results came out as an unpleasant surprise for market participants.

BoE Keeps Main Interest Rate Unchanged, GBP/USD Fluctuates

The Great Britain pound fluctuated versus the dollar today after the Bank of England kept its main interest rates unchanged yesterday and today’s report showed that producer prices declined last month. The pound advanced against the yen.

Worst Week for Sterling in Nine Months

The Great Britain pound posted this week the biggest weekly drop against the US dollar in nine months on the speculation the fragile UK economy will force the nation’s central bank to keep the interest rates at the record low level.

GBP Falls for Fourth Week, Quantitative Easing Expected

The Great Britain pound posted the fourth straight weekly decline against the US dollar and the Japanese yen as the fundamental data signaled that the nation’s economy is stagnating, prompting the speculation the UK central bank will be required to embark on a quantitative easing.

Indian Rupee Approaches Recent Record-Low

The Indian rupee declined against the U.S. dollar today, almost reaching a new record-low level, as the domestic companies converted to dollars in order to pay for the imported goods.

Indian Rupee Sells as Indian Elections End with Uncertainty

The Indian rupee declined against the U.S. dollar today showing the second bearish day as the country’s parliament elections aren’t easily predictable about the actual winner that will form the new government.

Indian Rupee Falls as Importers Prefer Dollar

The Indian rupee went down today after Moody’s Investors Service reduced Greece’s credit rating, refueling the concerns that the problems in Europe will slow the global economic recovery.

Indian Rupee Boosted by Increase of Interest Rates

The Indian rupee rose today after the central bank increased the interest rates for the fourth time this year, raising the yield on local assets.

Rupee Strengthens on Record Capital Inflows

The Indian rupee gained today as the investors’ confidence in the currency was highest since May 2009 after the unprecedented $25 billion of the capital inflows into the nation’s equities.

Capital Inflows Bolster Indian Rupee

The Indian rupee, together with other Asian currencies, rose today on the speculation that the increasing capital inflows from the global funds in the region’s economy would allow the Asian countries to profit from Asia’s fast economic growth.

Slower Industrial Output Weakens Indian Rupee

The Indian rupee dropped to the lowest level in almost seven weeks against the US dollar today after the reports showed that the industrial production grew with the slower pace, causing the concern that the foreign capital inflows would dwindle.

Indian Rupee Slumps as Forecasts Promise Widening Account Deficit

The Indian rupee slumped today on concerns that the nation’s

current-account deficit would widen as India’s central bank blocked dollar or euro payments for Iranian oil.

India’s Rupee Fall on Debt Problems in US & Europe

Asian currencies, including the Indian rupee, fell today on concerns that the debt issues in the US and Europe will threaten the global economic growth.