Comments from the European Central Bank (ECB) helped ease investor concerns about the recovery of the eurozone.

Forex trading platforms have today (June 30th) seen the euro rise by one per cent against sterling after the ECB revealed it has not financially supported banks as much as it thought it would.

As a result, Forex trading platforms have seen the euro regain losses and rally against the British pound, despite sterling recently gaining ground amid confidence the emergency Budget would help balance the deficit.

The news comes as sterling hit a 19-month high on Forex trading platforms yesterday, Reuters reported.

Many investors expected ECB figures to show a greater reliance from banks, impacting upon the value of the single currency.

Speaking to the international news agency, currency analyst at Brown Brothers Harriman Audrey Childe-Freeman said: "There’s a lot less risk associated with the UK in general, compared with the euro zone."

Sterling has reached a 19-month high against the euro during trading today, as investors moved away from the single European currency due to continued worries about debt concerns.

Reuters reports the euro fell to 80.92p during early activity on Forex trading platforms and was priced at 81.14p by 10:25 BST.

The value of the euro fell as investors raised concerns over bank repayments due to be made to the European Central Bank this week and Christan Lawrence of RBC Capital Markets was quoted by the news agency as saying further falls are expected.

"Certainly the path is down for the euro," he remarked.

And Kenneth Broux of Lloyds Banking Group added there could be a further slide ahead "if confidence deserts the euro".

Worries over ECB repayments also caused shares around the world to slide, with the FTSE 100 and European markets all moving into negative territory.

Doubts about the economy of the eurozone have limited the losses of the dollar against the euro today (June 24th).

Reuters reports the weakness of the dollar helped sterling achieve a six-week high thanks to gains in online Forex trading.

Antje Praefcke, currency analyst at Commerzbank, said: "There was a little disappointment in the market from the US Federal Reserve’s statement but the euro has struggled to rally. The market remains sceptical about problems in Europe and that feeling won’t go away soon."

The euro was largely unchanged at $1.2315 (£0.82) at 08:20 BST and in Asia stalled at $1.2351.

Michael Hewson, currency analyst, suggested the market may see more disappointment as the Federal Reserve indicated the next 12 months was due to see a disappointing level of growth, partly due to the problems in Europe.

The euro is currently worth €1.213 to the pound, following a recent strengthening of the British currency.

The yen today (June 22nd) strengthened against the euro following concerns about the ability of banks in Europe to raise money, it has been reported.

Value of the single currency on Forex trading platforms fell after Christian Noyer, European Central Bank governing council member, said banks within the eurozone faced funding issues, Bloomberg stated.

Yesterday European equities fell for the first time in ten days, hindering the performance of sterling.

The international news agency reported Mr Noyer as saying: "The situation reflects a general state of uncertainty which, left unchecked, could have significant consequences on financial stability."

At 9.50am local time in New York, the Japanese yen had risen by 0.6 per cent to stand at 111.54 per euro, while Forex trading also saw it increase against the US dollar by 0.4 per cent to stand at 90.76.

By 15:15 BST, the yen had slightly dropped to stand at 90.72 per US dollar on Forex trading platforms.

Gains in the value of sterling recorded earlier today (June 2nd) have been cancelled out after the positive effects of Prudential’s failure to buy AIG’s Asian arm AIA faded.

The British currency was largely flat against the dollar on $1.4650 at 11:30 BST during online Forex trading, Reuters reports.

Earlier in the day it had climbed as high as $1.4771, as news the deal had fallen through helped buoy interest in the pound.

Its value rose as currency hedges selling sterling against the dollar were unwound after being put in place by Prudential when it revealed it was bidding for AIA earlier in the year.

"The rally of the past two sessions has been driven solely by the news that the Prudential’s ambition to buy AIG’s Asian arm has failed," Audrey Childe-Freeman of Brown Brothers Harriman was quoted as saying.

Sterling, along with the euro, has suffered in recent weeks as worries regarding debt problems in the eurozone prompted investors to turn to currencies such as the dollar.

The value of sterling has dipped against the dollar in trading this morning (June 1st), as it tracks the falls made by the euro.

However, those carrying out online Forex trading will have seen the pound climb against its eurozone counterpart, which has been suffering due to ongoing worries regarding debt in the eurozone, Reuters reports.

At 10:17 BST, the British currency was down by approximately 0.6 per cent versus its US counterpart, putting it on $1.4439.

And the single European currency hit a one-and-a-half-year low versus sterling, putting it on 83.31p.

“Euro/dollar is the price action leader and sterling is following not far behind,” Neil Jones of Mizuho Corporate was quoted by the news agency as saying.

Sterling’s performance against the dollar was also hampered by falls on the FTSE 100 in the morning session.

At 09:17 BST it was on 5,106.04 points, a fall of 1.6 per cent.

The value of sterling has dipped during trading this afternoon (May 28th), reversing gains that had been seen earlier in the day.

According to Reuters, the currency was valued at $1.4450 against the dollar on Forex trading platforms at 16:01 BST, putting it down 0.8 per cent for the day.

It had earlier come close to a two-week high versus its US counterpart as the risky asset tracked gains on the stock market, but dipped in the afternoon due to faltering demand.

The euro moved away from an 11-month low against the pound, by climbing 0.5 per cent, putting it at 85.05p.

Paul Mackel, currency strategy director for HSBC, was quoted by the news agency as saying the sterling-dollar relationship “is really tracking what equities are doing at the moment”.

“It’s a skittish market,” he added.

During afternoon stock trading in London, the FTSE 100 was down slightly, dipping 0.13 per cent to 5,188.43 points at 17:00 BST.

The euro has dipped close to the four-year low reached last week following news China is evaluating its exposure to eurozone debt.

In early trading on online Forex markets today (May 27th), the currency was valued at around $1.2220 against its US counterpart, Reuters reports.

It dropped by 1.5 per cent yesterday and is now just above the $1.2143 (83.7p) it slipped to last week, a level not seen since 2006.

According to a report in the Financial Times, China is reviewing its position regarding eurozone bonds due to the climbing deficit in some countries.

Traders are already concerned the debts could have an impact on the global economic recovery and have been steering clear of riskier assets in order to protect their investments.

Despite the dip in the euro stock markets across Europe have opened broadly higher today, with the pan-European FTSEurofirst 300 adding 0.8 per cent, taking it to 979.79 points.

Chancellor of the Exchequer George Osborne has revealed how he plans to help reduce Britain’s £156 billion deficit with £6.2 billion of savings.

Online Forex trading responded positively to his announcement, which saw sterling rise against the euro and markets reassured for now, Mark Bolsom, head of the UK trading desk at Travelex Global Business Payments, said.

Although online Forex trading saw gains for the pound, he said the markets are now waiting for the Chancellor’s emergency Budget on June 22nd.

“Concern about the state of the UK finances is being held at bay as they wait to see how serious he is about eliminating the debt,” Mr Bolsom explained.

Some of the ways Mr Osborne plans to make savings is to freeze civil service recruitment for the rest of 2010-11, which he stated would save at least £120 million.

A further £95 million can be recouped by making savings in IT spending, while £600 million looks set to be cut from the cost of quangos.

Forex trading saw the euro fall today (May 24th) after the central bank of Spain had to bailout regional lender CajaSur.

The central bank made the move after the collapse of a potential merger between CajaSur and another institution, Reuters reported.

As such, the value of the euro dropped as investors remained concerned about the fragility of the eurozone’s banking sector, which is currently unstable amid the debt chaos in Greece.

Speaking to the international news agency, Matthew Strauss, senior currency strategist, at RBC Capital Markets in Toronto, said: “What we saw last week was a short-squeeze rally on the euro and that was short-lived. Overall, the underlying theme is still one of risk aversion.”

He added the Spanish banking bailout was not the whole reason for the euro’s drop.

The euro was down 1.6 per cent in early New York trading to stand at $1.2369.

Investors are “nervous” about appearing too much in favour or too against the euro during forex trading, Reuters added.

During times of financial uncertainty investors often move to gold, which is classed as a ’safe haven’.

The value of the euro has recovered during trading in the US today (May 19th) after the currency dropped on the news Germany is banning naked-short selling.

It had hit a fresh four-year low against the dollar during online Forex trading after the increased regulation was announced, but has since rebounded on suggestions it may be made more attractive as a result of the German government’s move.

According to Reuters, it was up 1.2 per cent against the dollar at 11:51 local time in New York, putting it on $1.2328.

It had earlier climbed to $1.2366 and was also stronger against its Swiss counterpart, jumping 1.7 per cent to 1.4242 Swiss francs.

Brian Dolan, chief strategist for Forex.com, was quoted by the news source as saying the euro has been boosted on suggestions the European Central Bank “may be considering intervention” to ease debt problems across the eurozone.

Earlier in the day, the news from Germany had caused stock markets across Europe an Asia to fall.

Inflation in the UK rose again during April, with the Consumer Prices Index (CPI) climbing to its highest level since November 2008.

CPI was up to 3.7 per cent last month, data from the Office for National Statistics (ONS) showed, a rise of 0.3 percentage points that takes it even further above the two per cent target.

And the Retail Prices Index also increased, jumping to a 19-year high of 5.3 per cent.

The news caused sterling to fall during online Forex trading, with Reuters reporting the currency was down 0.3 per cent against the dollar at 10:33 BST today (May 18th), putting it on $1.4435.

According to the ONS, a climb in clothing and footwear prices was the main contributing factor in the change to CPI, with women’s garments seeing an especially large rise.

Commenting on the latest figures, Caxton FX’s Duncan Higgins said “the rate of increase [in inflation] is showing little sign of slowing”.

The euro slumped to a four-year low versus the dollar today (May 17th) as traders continued to show concern regarding the sovereign debt problems around Europe.

The currency dropped to a low of around $1.2230 during early online Forex trading, before recovering slightly.

According to Reuters, it was priced at $1.2310 by 10:20 BST, putting it down 0.4 per cent for the day.

And those trading in currencies on online Forex platforms may see the euro fall further, with Stuart Bennett of Credit Agricole being quoted by the news agency as saying “fiscal and economic concerns” will cause the currency to remain under pressure “for the foreseeable future”.

Kenneth Broux of Lloyds Banking Group added the euro “is a one way trade right now”, adding he expects it to fall towards “at least” £1.2000.

The pound has also been suffering in online Forex trading today, dipping to $1.4253 – a 13-month low – after new figures suggested growth in the UK’s housing market is beginning to slow.

The dollar reached an 18-month high against the euro today (May 14th), as the single European currency continued to suffer due to debt problems in the eurozone.

According to Reuters, it touched $1.2433 (85p) versus the euro in online Forex trading – its highest since November 2008 – as European authorities announced new measures aimed at minimising the debt risks in countries such as Greece, Portugal and Spain.

Nick Parsons of nabCapital said markets are being hit by the “uncertainty” surrounding the sovereign risk.

“Until we get clarity about whether austerity measures can be implemented, risk markets will head lower,” he was quoted as saying.

ING predicts the euro will be priced at $1.15 against its US counterpart inside the next six months and head of FX strategy at the firm Chris Turner said the single European currency has not seen any benefits from the recent budget cuts in Spain and Portugal.

The price of gold, which is traditionally seen as a safe haven at times of financial uncertainly, has held close to the all-time high of $1,248.15.

UK businesses have been told Labour’s proposed job tax will be scrapped by the Conservative and Liberal Democrat coalition government.

In a statement, prime minister David Cameron’s party said there would be “generous exemptions for entrepreneurial business activities” when it comes to capital gains.

Online Forex traders saw sterling rise against the dollar this morning (May 13th), according to Reuters.

The pound also held steady against the euro after comments from the prime minister that the coalition government would be able to tackle the economic crisis and remain united for a full five-year term.

“You have to remember that sterling has fallen quite a lot based on political uncertainty, so by definition if you remove huge uncertainty sterling should rise,” Neil Mellor, currency strategist at Bank of New York Mellon, told the international news agency.

The Conservatives also said the banking system would be reformed to help sustain the recovery and promote a competitive UK economy.