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After yesterday’s relaxing bank holiday the UK’s financial markets are open for business again with news from foreign shores most likely driving developments – with no notably UK economic releases today. That said one story making the headlines here were comments by the FSA chief Hector Sants and the BOE’s Deputy Governor Paul Tucker about [...]

The Euro weakened against both the USD and Sterling during yesterday’s trading, as, rumours and statements regarding the Euro zone debt crises sent jitters through the market. The first rumour was that Spain and Greece were likely to hold snap elections, due to the losses experienced by the ruling socialist party in the Spanish local [...]

Yesterdays data releases followed a pattern, which, has been witnessed numerous times recently. Mixed data in the UK, surprises to the upside in Germany and, renewed worries about the Greek debt situation. This mix of data releases led to swings in the currency markets, which saw the Euro briefly strengthen against Sterling and the USD [...]

The Euro was hovering above a two month low against the USD this morning and dropped to its lowest ever level against the CHF. The weakening of the Euro against the safe havens of the USD and CHF indicates that a return of risk sentiment is currently gripping the markets, which, is further supported by [...]

The Euro crashed against both the USD and Sterling in Friday afternoons trading, as, concerns over sovereign debt returned to the markets. Norway, suspended a grant of $42m to Greece, because, Athens did not fulfil commitments and may have broken rules relating to the aid. This aid is used to address inequalities between Northern and [...]

UK retail sales, surprised to the upside yesterday with a strong increase of 1.2% in April, against expectations of a 0.9% increase. This was the strongest increase in over a year, however, this is being put down to the recent warm weather, late timing of Easter and the Royal Wedding. In the immediate after math [...]

Sterling weakened against both the USD and Euro in yesterday’s trading, most likely due to a clouded jobs report and a dovish set of minutes from the MPC.
The number of unemployed people in the UK fell from 7.9% to 7.7% in the last quarter, and the number of unemployed 16 to 24 year olds, titled [...]

The UK CPI Inflation figure, yesterday, came in above market expectations of 4.2% at 4.5%. This led to Sterling strength in the immediate aftermath of the release, this reaction, however, proved to be temporary with Sterling dropping back below the levels seen before the announcement against both the Euro and the USD. The reason for [...]

After a week of poor economic data leading to worries about the health of the global economy, Friday provided some respite with US nonfarm payrolls smashing expectations. However, the respite was short-lived as the Euro weakened against the major currencies due to the return of the sovereign debt crisis. The Euro weakened significantly against Sterling [...]

The Dollar lost ground against Sterling and the Euro after poor economic data led to concerns about the US economic recovery. US ISM Non Manufacturing came in at 52.8 well below expectations of 57.3. The ADP unemployment figure also came in below expectation with a gain 179,000 private sector jobs, it is thought that a [...]

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