UK Interest Rate Expectations Falter - February 8, 2011 19:18

The Pound has suffered today retracing off highs off 1.6160 vs the dollar and 1.1876 vs the Euro. Momentum has shifted towards the downside despite the British Retail Consortium reporting a jump in sales in the UK in January. The RICS house price balance also reported the strongest reading since July indicating a stabilisation in […]

Sterling Jumps on Improved Sentiment - February 7, 2011 18:17

The Pound has made gains today across the majority of the most actively traded currencies. Gains can be attributed to improved sentiment driving the market. For the last couple of weeks the pound has suffered from negative sentiment caused by very poor Q4 GDP figures for 2010. The reversal has however been driven by last […]

Global Stocks Decline on Debt Fears - January 10, 2011 18:51

The cost of insuring European sovereign debt against default has risen today to a record high as Portugal, Spain and Italy prepare to borrow $43 billion this year. The fallout of the concern caused by this is a marked decline in risk appetite and subsequent decline in global stock markets

Euro continues to suffer from significant selling pressures - January 7, 2011 18:50

The Euro has been the key loser today, losing 1.6 cents in trade today. Eurozone unemployment figures and GDP figures announced this morning have failed to support the flailing euro. the ECB Chancellor Jean Claude Trichet has said this afternoon that governments should not rely on the ECB for bail outs and that they should […]

Euro Suffers over Sovereign Debt Fears - January 6, 2011 18:57

The Euro has come under pressure in the last few days as fears mount over sovereign debt contagion. The Euro has fallen against most of the world’s most actively traded currencies with the key EUR/USD pair making new lows at 1.3170 and GBP/EUR testing the 1.19 mark towards the end of the UK session today.

US Recovery Gathers Momentum with Service Sector Expansion - January 5, 2011 18:20

The US Economic recovery seems to be gathering momentum moving into 2011 as service sector expansion reaches the fastest pace since May 2006.

Bernanke maintains $600Bn still required - December 15, 2010 18:10

The federal reserve are adamant , that despite recent economic indicators pointing towards a strengthening US economy, the stimulus package designed to keep the recovery underway is still necessary moving forward into 2011. Policy makers have indicated that recent signs of economic strength will not deter them from pumping more money into the financial system […]

UK Inflation Becomes a Problem - 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.

FX Markets Trade Sideways on Mixed Sentiment - December 9, 2010 18:27

The FX markets have trade relatively sideways today on mixed sentiment. It seems that the market is unsure of what is to come. The GBP/EUR pair still looks like a another test at 1.20 could be on the cards despite the ECB’s persistent efforts to back up their currency and keep it strong. The ECB’s […]