Yesterday was a relatively quiet day in the currency markets with the US holiday meaning volumes were low and currency pairs were trading in narrow ranges.In economic releases today we have the UK public borrowing figures, which in recent times have had the people at HM Treasury shaking in their boots.VIEW FULL ARTICLE
This week is another busy one as far as economic releases are concerned, with the pick of the bunch being Wednesday’s release of the BOE’s MPC minutes. The mere rumour that a third person had joined the call for a rate hike had Sterling appreciating against a basket of global...VIEW FULL ARTICLE
Well who would want to be an MPC member right now? This morning, Ed Balls is cited in the press criticising King’s effective endorsement of the coalition’s austerity measures, they have critics claiming inflation is out of control and even a member of the MPC committee, Andrew Sentence, effectively saying...VIEW FULL ARTICLE
Having subtly hinted in his letter to the chancellor on Tuesday that rate increases this year are very much on the horizon as the market expects, Mervin King spent yesterday’s Quarterly Inflation Report news conference largely unwinding this expectation, again reverting to the more dovish line he has toed consistently...VIEW FULL ARTICLE
Yesterday marked a day of highs, lows and turnarounds in various currency pairs amidst what was a fairly volatile day in the financial markets. The Euro weakened markedly after yesterday’s ECB rate meeting. After the inevitable ‘no change’ verdict, it was President Trichet’s comments that destabilised the single currency.VIEW FULL ARTICLE
The Euro pulled back from its recent highs yesterday as the crisis in Egypt continued giving sterling a chance to climb firmly back above the 1.17 mark. The Euro has been boosted recently due to expectations that a rate rise may soon be on the cards although these views may...VIEW FULL ARTICLE
Each morning, we deliver the latest on anything that can affect the world’s major currencies, from political developments to economic data releases, straight to your inbox.
It’s free, informative, and gives you the insight you need to navigate the sometimes complex world of international money transfers.//