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The Pound lost a little bit of ground in some erratic trading against the Euro during the course of the day yesterday, though its path against the USD was far more flat and even tempered. Ultimately, we are still seeing lower and lower levels posted by the GBP as economic…
A major high street bank has today released a statement containing their assessment of when there will be a likely US raise in interest rates. Until recently, the consensus was that the States would look to raise their interest rates in September of this year. This was due to the…
The issues that have plagued China and their stock market recently continue unabated. The stocks continue to slide and this is showing fresh lows almost daily, hitting these again yesterday. We have discussed the flight to safety of investors viewing the US currency as a haven against the unsettling impacts…
Well, the Chinese saga seems like it is still a long way from concluding. We saw that again new lows were tested by Asian shares because of the concerns that demand from China will slow down the economy for all the nations that are tied to its consumption. Still we…
As the unsettlement in Chinese markets continues to upset global appetites and risk, there is more disruption and exposure to its neighbour’s weaknesses as well. The GBPUSD has pushed upwards with the strength favouring the Pound, but in most other currency pairs involving the States, the Greenback has gained ground….
After an all nighter, the Greek parliament has decreed that they support the bailout package that means they get their hands on possibly 86 billion Euros in order to branch their debts and ensure they satisfy loans as part of the economic reforms that are ongoing in Athens. The GBPEUR…
As a change of pace, the Russian central bank seems to be somewhat divided in terms of the best policy to navigate through the dire economic situation facing them currently. The external factors affecting them are significant. Sanctions and political tension, for example, are really hurting the economy but more…
The GBPEUR yesterday lost ground almost in one direction for the entire day in a likely response to the early announcement that the Greek bailout deal has been agreed – which has bolstered the single bloc currency. The GBPUSD, however, was flat throughout the course of the day with almost…
The seesaw motion continues with the GBPUSD opening this week to push back again, reclaiming the values of early last week. In fairly tempered trading the GBP started to find strength mid-morning and pressed heavily during the day, finally easing at around 17:00 GMT. The story for the GBPEUR wasn’t…
The GBP/EUR was excitable during the course of trading yesterday but ultimately opened and closed actually very close in terms of the overall position with the net result being not a lot of difference. The GBP/USD retreated in pretty confident fashion by contrast and so the see-saw motion of the…