Phil Bennetts
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Currency Market Update 27/05/10
The Euro remains under pressure as concerns over the financial stability continues to hunt the Euro Zone. This is giving sterling a good platform to move in an upward trend and to the highest levels we have seen for some time. Spain's central bank taking control of one of the country's smaller banks sparked the latest round of fear selling, as the ability of EU banks to fund themselves was again questioned. Even more... (posted by Phil 1 year 259 days ago.)
The Euro remains under pressure as concerns over the financial stability continues to hunt the Euro Zone. This is giving sterling a good platform to move in an upward trend and to the highest levels we have seen for some time. Spain's central bank taking control of one of the country's smaller banks sparked the latest round of fear selling, as the ability of EU banks to fund themselves was again questioned. Even more... (posted by Phil 1 year 259 days ago.)
Currency Market Update 20/05/10
Bank of England minutes sent sterling lower as they were mostly seen as being fairly poor. The MPC voted in favour to keep interest rate on hold at 0.5% and to leave the asset purchase scheme the same. The BoE highlighted the lack of confidence in the debt crisis in Europe and with political turmoil as the reason for any increase in market would create even more uncertainty and currency fluctuations. US CPI for April was... (posted by Phil 1 year 266 days ago.)
Bank of England minutes sent sterling lower as they were mostly seen as being fairly poor. The MPC voted in favour to keep interest rate on hold at 0.5% and to leave the asset purchase scheme the same. The BoE highlighted the lack of confidence in the debt crisis in Europe and with political turmoil as the reason for any increase in market would create even more uncertainty and currency fluctuations. US CPI for April was... (posted by Phil 1 year 266 days ago.)
Currency Market Update 19/05/10
Risk aversion remains the dominant theme for markets and yesterday as the trend once again seems to support the US dollar. However the Pound made good gains against the Euro which also reached a 4 year low on the Dollar. UK inflation data came in higher than expected at 3.7% with the forecast of 3.5%. This could put pressure on the BoE to put up interest rates but for the moment King has stated the rise in inflation is... (posted by Phil 1 year 267 days ago.)
Risk aversion remains the dominant theme for markets and yesterday as the trend once again seems to support the US dollar. However the Pound made good gains against the Euro which also reached a 4 year low on the Dollar. UK inflation data came in higher than expected at 3.7% with the forecast of 3.5%. This could put pressure on the BoE to put up interest rates but for the moment King has stated the rise in inflation is... (posted by Phil 1 year 267 days ago.)
Currency Market Update 18/05/10
A small recovery in the Euro gave the Pound some support against the favoured US dollar. Debt concerns remain to influence the Euro-Zone markets as Portugal and Spain are the most recent countries to take steps to reduce their spending. Concerns over the UK's record deficit position have increased as well after UK Chancellor George Osborne commented that the previous Labour government had "fiddled" forecasts to support... (posted by Phil 1 year 268 days ago.)
A small recovery in the Euro gave the Pound some support against the favoured US dollar. Debt concerns remain to influence the Euro-Zone markets as Portugal and Spain are the most recent countries to take steps to reduce their spending. Concerns over the UK's record deficit position have increased as well after UK Chancellor George Osborne commented that the previous Labour government had "fiddled" forecasts to support... (posted by Phil 1 year 268 days ago.)
Currency Market Update 17/05/10
The pound is suffering a similar fate as the euro this morning pulling to a 13month low during Asia trade. Prime Minister David Cameron stated over the weekend that the government has discovered "very bad" spending decisions by the previous administration and the release of weaker housing data supported the move lower. Rightmove house price index dropped to 0.7% m/m in May from 2.6% in April. The euro continues to extend... (posted by Phil 1 year 269 days ago.)
The pound is suffering a similar fate as the euro this morning pulling to a 13month low during Asia trade. Prime Minister David Cameron stated over the weekend that the government has discovered "very bad" spending decisions by the previous administration and the release of weaker housing data supported the move lower. Rightmove house price index dropped to 0.7% m/m in May from 2.6% in April. The euro continues to extend... (posted by Phil 1 year 269 days ago.)
Currency Market Update 29/04/10
The Pound employment index showed recruitment could outpace job cuts this quarter for the first time since 2008, it claims that companies are benefiting from the economic recovery. The number of employers planning to increase staff levels in the second quarter exceeded those looking to cut headcount by 5%. However like any report that fact that we are no going into the summer and that every year the holiday trade recruits... (posted by Phil 1 year 287 days ago.)
The Pound employment index showed recruitment could outpace job cuts this quarter for the first time since 2008, it claims that companies are benefiting from the economic recovery. The number of employers planning to increase staff levels in the second quarter exceeded those looking to cut headcount by 5%. However like any report that fact that we are no going into the summer and that every year the holiday trade recruits... (posted by Phil 1 year 287 days ago.)
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