Though continuing gains against the Euro yesterday, Sterling has also lost significant ground against the Dollar after the surge seen at the start of the month …read more
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The euro is once again on the back foot due to sovereign debt concerns but this time it is Portugal that is under scrutiny and with reports flying around about the ECB and other countries urging Portugal to apply for financial assistance the euro has fallen from its highs earlier in the week. The dollar [...]
It seems the Euro’s slide has been halted, at least temporarily, after a week thus far of significant weakness in the aftermath of the Irish bailout. Rates against the Dollar and Sterling are virtually where they were this time yesterday, though looking at the financial press over yesterday and today, to say temporary is the [...]
After leaving the wreckage of Ireland in it’s wake, the Euro debt crisis tornado has weaved it’s path to other shores as expected over the last couple of days, and indeed equities closed closed down sharply in Spain and Portugal last night as fears grew that Europe’s sovereign debt panic would lead to the next [...]
Sterling was supported a little yesterday with decent retail sales figures and better than expected CBI Industrial Trends Survey although the Public Sector Net Borrowing for October did come in almost £1bn higher than expected…read more
Sterling has strengthened this morning on the back of some positive unemployment figures. The claimant count fell during October, the first fall since July, after consensus expectations for an increase…read more
going into the weekend it looks like Euro weakness could be the main market driver rather than the benefactor of Sterling or USD weakness…read more
Sterling, meanwhile, has lost a little ground against the Dollar in the aftermath of last week’s QE2 announcement from the Fed, on the back of a general dip in risk appetite. The Inflation report this morning could be one of the bigger data releases it has had to face in recent weeks
…with a market that is reportedly still short of dollars as a result of positions taken ahead of last week’s key Fed meeting, this could give the single currency further to fall yet…