The pound remains under severe pressure in the markets on the back of the announcement late last week by credit ratings agency Moody’s that the UK has lost its Aaa credit rating by one notch to Aa1. This week has bought…
The dollar took centre stage yesterday as the markets swung back into ‘risk aversion’ following the inconclusive result to the Italian general elections. The dollar also benefited from comments by Federal Reserve Chief…
A highly volatile start to the trading week saw the pound slump to its lowest level against the euro since August 2011 and to a 31 month low against the US dollar on the back of the news late on Friday night, after the…
The pound fell heavily against all 16 of the most actively traded currencies in the market yesterday after the publication of the minutes of the last meeting of the Bank of England's (BOE) Monetary Policy Committee's…
The pound fell against all 16 of the most actively traded currencies at the start of the trading week despite the lower trading volumes caused by the closure of the US markets for the Presidents Day public holiday. The…
The pound fell to its lowest level since August 2012 against the dollar after the publication of the Bank of England’s quarterly inflation report by Governor Sir Mervyn King. King added that inflation in the UK is likely…
The pound fell again yesterday against almost all of the 16 most actively traded currencies in the market as ongoing fears about the state and outlook for the UK economy weighed heavily on the currency. Data from the…
The euro rose sharply against the pound and the dollar yesterday after comments from German Bundesbank President Jens Weidmann yesterday that in his opinion, the euro is not overvalued at current levels in a rebuff to…
A busy news day encompassing the monthly policy decision from both the Bank of England (BoE) and European Central Bank (ECB) and the first testimony from Bank of England Governor-designate Mark Carnet before the Treasury…
After two relatively quiet days in the markets, today should see a return to volatility with a full agenda. The Bank of England’s Monetary Policy Committee will issue its monthly policy decision at 12 noon today. Whilst…
Yesterday saw a correction to the markets seemingly relentless rise in risk appetite since the turn of the year with big sell-offs in the world stock markets triggering a wave of risk aversion. The dollar was the main…
The euro fell sharply yesterday for the first time this year after closing last week at a 14 month high against both the pound and the dollar. Fresh concerns about the political outlook in both Spain and Italy,…
The pound finished the month amidst quieter market conditions without any further losses as data showed that UK house prices rose by 0.5% to an average of £162,245 in January, versus the previous month, according to the…