The so called US ‘fiscal cliff’ remains centre stage, driving the dollar down to multi month lows against a variety of currencies as speculation that a deal in Washington is imminent continues to boost risk sentiment and…
A quiet start to the trading week saw the pound fall against the euro but the biggest movement was on the US dollar where apparent progress between President Obama and the Republicans to avert the so-called ‘fiscal…
The euro is coming under renewed pressure at the start of this trading week after the announcement by Italy’s technocrat Prime Minister Mario Monti that he intends to resign from his post after the Italian parliament…
In a week dominated by multiple central bank policy meetings, the pound benefited from the pronouncement by Mario Draghi, President of the European Central Bank (ECB) of a severe downgrading of the growth prospects of…
The pound reacted positively to the Chancellor’s Autumn Statement, recouping some recent losses against the euro yesterday afternoon. Nick Beecroft, Chairman and Senior Market Analyst at Saxo Capital Markets stated “As…
The Pound Sterling fell against the majority of the 16 most actively traded currencies yesterday as further bad data continues to hit confidence in the UK economy ahead of today’s Autumn statement from the Chancellor.…
This week sees central bank interest rate announcements from Australia, Canada, the UK and Europe along with the Chancellor’s Autumn Statement in the UK on Wednesday and key unemployment data out of the US on Friday.…