The pound looks set for an important week this week with inflation, unemployment and retail sales data due out, even as it continues to do fairly well against the single currency… read more

The USD may weaken further

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Looking forward to tomorrow and we have the US Fed decision which could shed some more light on the possibility of an extension of the US quantitative easing currently in place. If the QE measures are increased then this would hurt the already struggling USD… read more

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

Whilst the UK media spent yesterday firmly encamped on a small patch of Lancastrian housing estate, market attention once again switched shores in light of some major revelations in the Eurozone, and the Fed’s meeting last night…

Mervyn King gave a very interesting speech last May to the Cass Business School, City University, where he said the following…

It seems that just as the parties want to stoke up the fears of a hung parliament, the markets themselves are becoming more sanguine about the issue. The speculative positions in the market, which were heavily betting on the Pound weakening over the election period, have slowly been drawn back in over the last four weeks, even as the prospects of a hung parliament look ever more likely. If the polls stay balanced up to the election next week, then it may test the relaxed stance of some investors…