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Currency Articles - April 30, 2014 10:34
GBP Exchange Rate Closes In On 4 Year High
The Pound advanced for a fourth consecutive day against the US Dollar yesterday, as the GBP exchange rate to came close to a four-year high and made a gain against the Euro as investors increased their bets that the UK economy will see a pickup in growth. The currency continued to strengthen yesterday despite GDP […]
USD Rate: Pending Home Sales Rise
The Pound softened slightly against most of its peers as investors take a wait-and-see approach to today’s UK GDP figures. If the data comes in strongly then the Pound could challenge the 1.70 mark against the US Dollar, rise against the Euro and put increased pressure upon the Bank of England to normalize its monetary […]
SXX Share Price: Global Potash Exploration Loses Investor Attention
Sirius Minerals is listed on the London Stock Exchange’s AIM market. It is a small, but intriguing, Potash exploration and mining company. Of late, SXX share price has been on a slow and gradual slide from its 2014 high of around 0.15p. But why is this and what has this company got to offer? Firstly, […]
BP Share Price: Are The Risks About To Increase?
It was covered extensively, but there is no doubt that the disaster in the Gulf of Mexico was a crashing body slam for the BP share price. But aside from this, are there other possible risks to the price on the horizon? Firstly, there is an obvious exposure to the effects of any sanctions that […]
GBP Advances On Weekend House Price Report
The Pound advanced against the Euro and US Dollar after a report released over the weekend showed that UK house prices increased for a 15th consecutive month in April suggesting that momentum in the UK property market has spread beyond the confines of London. With a lack of key data due for today Sterling is […]
RBS Share Price: Osborne Puts Block On Bonus But Gives Green Light To Lloyds
In no uncertain terms, George Osborne has told RBS that the Government will not support any plan to pay staff bonuses, which could have amounted to near double their fixed pay level. The RBS share price looks to have taken the news well, and is holding around the 305.00p level, to which is has recently […]
Lloyds Share Price: JPMorgan Chase States “Overweight”
Lloyds Banking Group has been having a reasonable run of form in its share price of late. Research reports from analysts such as Nomura have recently upgraded the company to a “buy” rating. However, today it emerged that equity research at JP Morgan Chase have changed their stance on the company to “overweight”. Lloyds share […]
GBP – 7 Week High Against Euro
The Pound is trading at a seven-week high against the Euro as investors await the release of the minutes of the Bank of England’s March policy meeting. Speculation that policy makers are moving closer to raising interest rates lent support to the Pound. Against the US Dollar the currency is trading close to a four […]
The End Of A Negative Week
After an indifferent week UK shares finished with a negative bias, dragged down by technology companies after a sharp sell-off in the USA, especially seen in the tech laden Nasdaq, which slumped 3.1% over the course of last week. The fall in the Nasdaq was the largest since 2011, with speculation that investors are dumping […]
The FTSE 100 Bounces Back – Now Eyes Are On The Fed
Following on from a strong session in the USA overnight, the FTSE 100 gained in early London trading, adding 40 points within the opening hour. Leading stocks were mainly from homebuilders, ARM Holdings and Standard Chartered. The Nasdaq gained during a positive session after its worst few days in around 3 years. Also holding strong […]
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