Posts Tagged ‘Interest Rates’
Currency Articles - December 14, 2010 18:48
UK Inflation data released this morning has shown that the headline inflation rate has accelerated to 3.3% in the month of November. Policy makers will undoubtedly take note as price pressure concerns mount in the markets.
The Euro has struggled in trade today, the small retracement in the EUR/USD pair is likely to be short-lived as market participants speculate that Portugal and Spain will share Irelandâ€™s ill fate moving forward into next year. A spokesman for the EU Commission has said today that Irelandâ€™s plan to reduce its budget deficit for […]
The BoE inflation report led to a significant Sterling rally accross the board due Hawkish comments stating that consumer prices are around target in the medium term. The report went on to say that there was a high probability that the BoE Chancellor Mervyn King would have to write an inflation letter to the Chancellor […]
Today we have seen another day of continuation of trend. There is clear resistance in the market halting a GBP/USD break through 1.60 and EUR/USD at the psychological level of 1.40. The global stock markets have rallied 1% in the US and 1.7% in the UK.