The euro made gains across the board yesterday after better than expected news in Greece, Spain and Italy bolstered sentiment in the euro zone. The markets remain quieter than normal as New York struggles in the…
The effects of Hurricane Sandy are been felt in the worldwide financial markets with trading volumes sharply down as the New York exchange will remain closed at least until tomorrow and safe haven demand on the increase.…
The pound obtained a major boost yesterday after the publication of much better than expected UK gross domestic product (GDP). The Office for National Statistics (ONS) reported that in the three months to September, UK…
The pound enjoyed its biggest one day rise in a month against the euro yesterday after Prime Minister David Cameron promised “the good news will keep coming” during his weekly Prime Ministers Questions in Parliament.…
The markets have lurched back into ‘risk appetite’ mode after better than expected Chinese manufacturing data was published late on Tuesday evening. The HSBC purchasing managers' index (PMI) continued to improve for a…
Concerns over Spain’s debt and the state of the world’s economy saw the euro, the yen and the Australian dollar fall against the US dollar in recent trading. A loss of appetite for risk has seen investors return to the…
A very quiet start to the trading week saw the pound continue to lose ground against the euro, at one point reaching a 5 month low against the single currency but continue to make modest gains against the US dollar. In a…
Disappointing economic data coming out of New Zealand has seen the NZ dollar slip against the US dollar. The currency hit a low of 0.8139 on Tuesday before clawing back to 0.8158. New Zealand’s consumer price inflation…
Although the euro remains down against the dollar, the single currency has been able to claw itself back slightly. Ongoing problems in countries including Greece and Spain have kept the euro under pressure and an…
The Australian dollar has fallen against almost every other major currency around the globe after Tuesday’s decision by the Reserve Bank of Australia to reduce its cash rate to 3.5 per cent, a drop of 25 basis points.…
The euro dropped to a three-week trough against the dollar at the beginning of the week after an audit of Spanish banks was unable to ease concerns over whether the country was set to request a bailout to bolster its…