US Stocks Climb on CPI figures - November 17, 2010 18:35

The S&P has rebounded from its largest drop since August as slower than expected inflation has helped to quash critics arguments against the Fed’s recent stimulus. This is a form of a relief bounce that has been caused by the lack of news and data coming from Europe and China and the slower than expected […]

UK Exposed to Irish Bailout? - November 16, 2010 19:07

This afternoon we have heard that the UK has a 13% exposure to the Irish debt situation and has therefore been called upon to help in a bailout package that could total upto €100 billion Euro’s. Mervyn King has stated that the UK’s exposure is by no means trivial which is in most traders eyes […]

US Retail Sales Climbs 1.2% and ECB sees Aid Necessary for Irish Banks - November 15, 2010 18:10

Retail sales figures in the worlds largest economy rose 1.2% today after climbing 0.7% last month. Stock markets have surged on this good news up 0.45% on the close as investors gain confidence in the US markets. The rise in retail sales was led by car sales and non-store retailers, both indicate that consumer demand […]

US Consumer Sentiment climbs to a five month high - November 12, 2010 18:32

US Consumer confidence has climbed to a five month high as improved labour market conditions, increasing wages and rising stock prices lift spending in the US.

BoE Inflation Report Unexpectedly Hawkish - November 10, 2010 18:59

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 […]

FX Market Update 27th October 2010 - October 27, 2010 17:17

Sterling has continued to outperform most of its rivals in trading today, the notable exception is the USD, which now appears to be gaining some form of momentum for a reversal on cable and the EUR/USD pair. This can be attributed to today’s durable goods orders in the world’s largest economy jumping 3.3% in September […]

FX Market Update 26th October 2010 - October 26, 2010 19:01

Today opened with a big surprise for the UK economy, the preliminary Q3 GDP figures released at 0930 this morning indicated that the economic slow down is not as poor as previously thought. The market expectation was that the figure would be announced at 0.4%, it was actually released at 0.8%, giving Sterling a much […]

FX Market Update 21st October 2010 - October 21, 2010 17:09

The pound has slumped to a daily low of 1.1226 against the Euro. This break through technical resistance could see further declines from here towards the next level of support between 1.10 and 1.0950. It is remarkable how quickly the Euro has strengthened against both the pound and the USD and it looks set to […]

FX Update – News Flash MPC Split and the Government Spending Review - October 20, 2010 14:43

Today as expected has seen a decline in the pound against all of the majors. The Bank of Englands minutes have shown a three way split in policy, with Andrew Sentance voting for a rate hike and Adam Posen voting for more QE. The other MPC members are all still at present sitting on the […]