On friday the one release which did make the markets take note was the surprising uplift in UK GDP, surging past the expected 0.6% QonQ increase to 1.1%, catching many by surpirse. There were several mitigating factors for this…read more
The Pound stayed roughly range bound yesterday as news that Standard & Poor were keeping their negative watch on the UK’s AAA credit rating, was later countermanded by a stock market recovery…read more
It’s been an eventful long weekend, with Spain’s credit downgrading, the first (but no doubt not the last) resignation from the coalition government…read more
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…
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.
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 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.
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…