The main mover in the markets yesterday was the US dollar which moved in line with the latest news on the so called ‘fiscal cliff’. The dollar initially strengthened on the back of some negative comments from senior…
Pound Sterling received a boost yesterday after the Office of National Statistics confirmed the initial third quarter GDP figure for the UK at 1%. However, analysts were quick to point out that ‘one-off’ seasonal factors…
The pound fell heavily yesterday against all but the high yielding currencies after the gloomiest ever economic forecast of the UK economy from the Bank of England since it gained independence in 1997. In its quarterly…
The euro remains close to a two month low against the dollar as uncertainty about Greece and weak German economic continued to fuel risk aversion thus increasing demand for the safe haven qualities of the dollar. The…
Trading volumes were down at the beginning of the trading week with the US markets closed for the Veterans Day public holiday. Continuing concerns about the euro zone and the so called US ‘fiscal cliff’ increased risk…
The Bank of England’s (BoE) voted yesterday to keep the key interest rate and level of asset purchases in the UK unchanged for November at 0.5% and £375 billion respectively. UK interest rates have now remained at their…
After a long, expensive and fractious campaign and despite the fact that not all the votes have been counted, President Barack Obama has won re-election for a second term in office by a surprisingly larger majority than…
Ahead of the US Presidential election, the euro took centre stage in the markets yesterday, albeit for all the wrong reasons as it fell to a two month low against the dollar but was largely unchanged against the pound as…
The dollar rose in trading yesterday ahead of the publication this afternoon of the key employment data from the USA with the US Presidential election less than a week away. The October ISM manufacturing sector…
The Pound Sterling has made an encouraging start to the new trading month after getting a lift from comments by the deputy governor of the Bank of England Charles Bean who apparently believes that the high levels of…