Call Me Back

Comments *

more

• Categories

  • Currency UK in the Press
  • Currency UK resources
  • Daily FX market news
  • Definitions
  • In depth discussion
  • Partnerships
  • Random CUK comments
  • Uncategorized

• About Currency UK Ltd +44 (0)207 738 0777

  Currency UK is one of the UK's leading foreign exchange brokers.

  Helping individuals and business with overseas payments, Currency UK will ensure you save money - obtaining the best exchange rates on Euro, US Dollars, Australian Dollars, New Zealand Dollars, Canadian Dollars, UAE Dihram, South African Rand, Polish Zloty and many more.

  Call us now on +44 (0)207 738 0777

• Search

  Search for:

• Archives

  Select Month May 2013  (17) April 2013  (19) March 2013  (20) February 2013  (20) January 2013  (19) December 2012  (15) November 2012  (21) October 2012  (23) September 2012  (20) August 2012  (21) July 2012  (23) June 2012  (20) May 2012  (24) April 2012  (19) March 2012  (22) February 2012  (19) January 2012  (15) December 2011  (11) November 2011  (21) October 2011  (21) September 2011  (14) August 2011  (14) July 2011  (12) June 2011  (10) May 2011  (11) April 2011  (8) March 2011  (20) February 2011  (13) January 2011  (18) December 2010  (13) November 2010  (13) October 2010  (16) September 2010  (21) August 2010  (14) July 2010  (11) June 2010  (17) May 2010  (24) April 2010  (21)

• Business and Stock Market News

  Latest Economics Events

  • DE: Gross Domestic Product n.s.a (YoY): -1.400 % (FXstreet.com: Latest Economics Events)
  • DE: Gross Domestic Product s.a (QoQ): 0.100 % (FXstreet.com: Latest Economics Events)
  • DE: Gfk Consumer Confidence Survey: 6.500 (FXstreet.com: Latest Economics Events)
  • CN: MNI Business Sentiment Indicator: 57.100 (FXstreet.com: Latest Economics Events)
  • NZ: Trade Balance (MoM): 157.000 $ (FXstreet.com: Latest Economics Events)

• Tags

  Adrian Jacob AUD Australian Dollars best exchange rates BoE BofE Conservatives Currency UK CurrencyUK dollar ECB Election EUR Euro Eurozone exporters foreign exchange foreign exchange broker GBP GBP/AUD GBP/EUR GBP/USD GBR/USD Goldman Sachs Greece Greek crisis IMF Importers Inflation interest rates international transfers international wire transfers JPY Labour Liberal Democrats MPC overseas payments Portugal Pound send money abroad send money overseas Spain Sterling USD Yen

EU leaders managed to agree to set up the €500 billion European Stability Mechanism (ESM) fund overnight while pushing through the fiscal compact (despite the UK and the Czech Republic not ratifying the agreement), but there is still little sign of progress on the second Greek bailout. While finance ministers are supposed to have agreed [...]

The European leaders meet yet again today to try and agree on the new fiscal compact agreement and to set up the new €500 billion European Support Mechanism. We’ll no doubt see European leaders insisting on further commitments from the Greek government in exchange for a another bailout package. Rumours over the weekend suggest that [...]

This morning the Euro has fallen against the Pound as the news from the Portuguese bond market was released. The 10-year bond yield has hit a new high at 15.25%, with investors growing their concerns on a possible contagion. Many analysts believe Portugal will need a second bailout. Meanwhile, the markets expects to hear from [...]

Equity markets are broadly higher this morning with investors seeming taking some comfort from the Fed‟s decision to hold interest rates at „exceptionally low levels‟ until the end of 2014 rather than mid-2013. Although interest rates are now on hold for longer, the decision looks to have slightly pushed back expectations of further Quantitative Easing.
The dollar [...]

Big events of the day are the release of the Bank of England (BoE) minutes from their last rate decision meeting, which have already been released. UK GDP figures for Q4 2011 and the US interest rate decision this evening (UK time).
Whilst there are likely to be no surprises with the US certain to keep [...]

GBP/EUR has regained some ground after the increment to £10.8bn in the UK’s Public Sector net Borrowing in December, coming in lower than expectations (£12.2bn). The UK budget deficit in December rose to £13.7bn against a forecasted £14.9bn. In the April-December period the deficit was also lower than expected, rising to £103.3bn vs. £114.6bn.
In a [...]

The Chinese lunar New Year holiday has effectively shut down most of the Asian stock markets today, which could be seen as a positive given the ongoing failure of Greek debt restructuring talks. Discussions are believed to have failed over the weekend, but there is due to be a teleconference with investors today. Those close [...]

Having European markets open on a firmer footing after a positive Asian session following slightly stronger than expected Chinese GDP, retail sales and industrial production data. GDP expanded by 2% quarter-on-quarter and 8.9% year-on-year against consensus annual forecasts of 8.7%. This was the slowest pace of growth in over two years. Both exports and imports [...]

Cynics might argue that S&P’s ratings changes are generally announced on a Friday night to secure maximum publicity over a whole weekend. The agencies themselves argue that the timetable is designed to minimize market disruption and to allow analysts and investors to reflect on fresh information and prevent disorderly market conditions. There’s probably some truth [...]

Stock markets rallied this morning as central banks stood pat yesterday and ECB President Draghi tried to boost confidence in the Eurozone. Euro-dollar rallied to $1.2870 in early trading before falling back and the dearth of data this morning should be supportive for the single currency.
Oil prices fell sharply yesterday after reports that any European [...]

keep looking »