Eurozone debt is a huge issue – to the extent that short selling bans have been put in place AND rumours of ECB interference in the FX markets has been heard. Today. 27/05/2010, we here that China is concerned over the issue and may beconsidering a sell off/diversification away from some of its Eurozone bonds… read more
The big event of yesterday came after the close of European trading as Germany announced a ban on naked short selling 10 different German financial institutions as well as Euro bonds and credit default swaps…read more
As it seems the Eurozone and the UK are going to have lower growth than most of the rest of the world the Pound and the Euro have suffered. Sterling has fallen down to below 1.4550, a long fall from 1.50, a level we saw just this Wednesday.
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