Check out our blog every morning to see the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
Ahead of the Bank Holiday weekend on Monday, markets continue to trade quietly with all eyes watching Fed Chair Bernanke’s speech this afternoon. Although France, Italy, Spain and Belgium reaffirmed their short-selling ban on financial stocks, equity markets are still lower and we doubt that much risk will be placed...
VIEW FULL ARTICLEThe IFO survey, which measures the views of 7,000 executives in Germany, showed business confidence falling quicker than expected in August. However, after the significant drop in the ZEW survey the day before, the general feeling was that the reading could have been a lot worse.
VIEW FULL ARTICLEThe Flash European PMI reading for August showed signs of stagnation in the third quarter for the Euro zone. Manufacturing has started to contract, dropping below 50, and business expectations saw a significant drop. This suggests that there could be some down side risk to the initial flash estimate.
VIEW FULL ARTICLE2011 Q3 2011 Q4 2012 Q1 2012 Q2 GBP vs Eurozone (EUR) 1.16 1.15 1.15 1.15 US (USD) 1.65 1.66 1.66 1.66 Canada (CAD) 1.57 1.61 1.66 1.66 Switzerland (CHF) 1.28 1.32 1.38 1.38 Sweden (SEK) 10.56 10.35 10.24 10.12 Norway (NOK) 8.82 8.63 8.57 8.51 Japan (JPY) 125...
VIEW FULL ARTICLEThe relief rally in equities continued yesterday, with Wall Street welcoming a better than expected Chicago Fed National Activity Index. Given that last week’s Philly Fed survey has destroyed confidence, Wall Street managed to close slightly up on the day, ending last week’s rout.
VIEW FULL ARTICLEAngela Merkel seems intent on ignoring the markets whilst dealing with the Euro zone debt crisis. Last week, at a meeting between Germany and France both leaders defied the markets idea of a common Euro bond, which led to dramatic drops in the world’s stock markets and Euro weakness.
VIEW FULL ARTICLEhttp://www.bankofengland.co.uk/publications/minutes/mpc/pdf/2011/mpc1108.pdf
VIEW FULL ARTICLEThe minutes of the Bank of England (BoE) Monetary Policy Comittee (MPC) meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee.
VIEW FULL ARTICLEThe star performer amongst the western industrialised world, Germany, released GDP figures this morning that showed the economy had ground to a practical standstill in the second quarter, with GDP increasing by 0.1% against expectations of 0.5%.
VIEW FULL ARTICLEFrance, Italy, Spain and Belgium, have imposed a ban on the short selling of financial stocks in a co-ordinated attempt to restore confidence to the market. However, a similar move by US banks in 2008 was questioned by several academic studies, which stated that the banning of short selling rarely...
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