May
21
GBP down against EUR but up vs AUD and NZD
Filed Under Daily FX market news | Comments Off
It was another day of turmoil in the markets yesterday as fears over the drag on global growth from the struggling Eurozone nations, and the seemingly ad hoc way that financial regulation is being introduced, has caused panic…read more
May
18
No immediate cuts, GBP stays steady
Filed Under Daily FX market news | Comments Off
George Osbourne’s speech didn’t announce any immediate cuts, and was instead used to announce measures that had already been promised such as the timing of the emergency budget and the creation of a independent forecasting body, in an attempt to do something similar to Labour’s creation of the independent MPC…read more
May
12
We have a Government – GBP is up as a result
Filed Under Daily FX market news | Comments Off
It’s taken five days but we finally have a government and although the Labour party tried an 11th hour comeback, like a hand poking up through the soil from the grave, the markets favourite solution for the government, a Liberal/Conservative coalition, is now a done deal. The make up of the cabinet is still to be decided, but as Gordon Brown resigned, for the 2nd time in two days, the Pound put in a strong rally…read more
May
11
Still no Government GBP up vs EUR, down vs USD
Filed Under Daily FX market news | Comments Off
It was another tumultuous day yesterday in the markets, and at Westminster, as the weekend’s events continue to impact on the markets. The EU bailout package has given the optimism a massive boost…read more
May
10
Pound suffering from hung parliament
Filed Under Uncategorized | Comments Off
As the election was held last Thursday the MPC meeting has been put back to today, although as there is to be no change in rates or policy it will add little to the picture. There is little else out today to exercise the markets, so they will be left dealing with the fallout of the election and the Greek crisis…
May
7
The result
Filed Under Daily FX market news | Comments Off
n the UK the fallout from the election will dominate thinking and is likely to provide a drag on the Pound with no clear agreement in sight. Across the Pond it’s the usual non-farm payrolls which will be focusing traders minds…
May
6
Election day
Filed Under Daily FX market news | Comments Off
The election will be dominating today’s UK news, and the fallout tomorrow is likely to overshadow the usual headline making US non-farm payrolls, at least in the UK. We are in for an interesting few days, not just for the markets but also for the future strength of the EU, and the next five years for the UK.
May
5
Euro under pressure
Filed Under Daily FX market news | Comments Off
The currency markets are still struggling to find a reason to back the Euro following the weekend’s latest EU bailout measures. Continued contagion fears are denting market confidence …
May
4
Sterling holds its ground
Filed Under Daily FX market news | Comments Off
Sterling has stayed buoyant against the Euro, and is likely to continue to do so especially if the Conservatives keep stretching their lead in the polls in the run up to Thursday, and the prospects of the Greek bailout continue to be uncertain.
Apr
30
Pound pushes up against EUR and USD
Filed Under Uncategorized | Comments Off
May day is normally a day of left wing protest around Europe and this year the Greek protesters will have something to focus on, the scale of the protest may weigh on the Euro over the weekend, although a bail out next week should help the single currency.