ForeX

The Bank of England will lower its benchmark rate by half a percentage point to 1.5 percent when it announces a policy decision today at 12 noon in London, according to a Bloomberg survey.
“We see room for sterling to weaken some more,” Brian Kim, a Stamford, Connecticut-based currency strategist at UBS AG, wrote in a [...]

Jan. 5 — The dollar rose to a three-week high against the euro and advanced versus the yen on speculation President-elect Barack Obama’s fiscal stimulus will help the U.S. economy recover from recession.
The greenback also gained versus the Swiss franc and the Danish krone as a transition official said Obama’s package will include hundreds [...]