Aug
19
Early morning good news for GBP
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With the decent news out for the UK this morning we should see a bit of a rally in the pound and hopefully reverse the losses from earlier in the week. With only the US jobless claims this afternoon it could prove to be a bit more of a positive day for the proud pound… read more
Aug
2
USD weakens and GBP/USD reaches 1.5700+
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Friday’s [US] GDP figures which came in weaker than expected, although only slightly, which has backed up the general view that the US economy will start to drag as the stimulus measures are gradually withdrawn … read more
Jun
8
The Pound is likely to keep hold of most of it’s gains
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The markets seemed to like David Cameron’s tough talk on the plans for spending cuts, after first outlining the just how bad the public finances were, he warned that the spending cuts would change our way of life. The tough talk will be put to the test after the budget in 14 days time … read more
May
6
Election day
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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.
Apr
13
GBP falls back agianst EUR and USD but rises a touch vs AUD
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The Euro has managed to hold onto most of it’s gains against the Pound, even as some rumours have muddied the waters around the bailout plan for Greece. When the plan was agreed on Sunday the Euro put in a strong rally, and it has managed to push the Pound down further, seeing the GBP/EUR rate dipping below 1.13 this morning , even as rumours that the bailout would need to be triggered by a meeting of EU ministers.

