Page 1 of Phil Bennetts's writing

1. 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... (posted by Phil 2 years 1 day ago.)

2. 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... (posted by Phil 2 years 8 days ago.)

3. 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... (posted by Phil 2 years 9 days ago.)

4. 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... (posted by Phil 2 years 10 days ago.)

5. 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... (posted by Phil 2 years 11 days ago.)

6. 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... (posted by Phil 2 years 29 days ago.)

7. Currency Market Update 22/04/10 The Pound As expected the number of people unemployed in the UK rose by 43,000 to 2.5 million during the three months to February. The jobless total is now at its highest since 1994. The rate of unemployment now stands at a massive 8% and is only... (posted by Phil 2 years 36 days ago.)

8. Currency Market Update 21/04/10 The Pound As expected the UK inflation rate rose sharply to 3.4% this was up .4% from the month before and was far greater than analysts had expected. Retail Prices Index (RPI) inflation, which includes housing costs, also rose sharply to 4.4% in... (posted by Phil 2 years 37 days ago.)

9. Currency Maerket Update 14/04/10 The Pound The U.K. trade balanced deficit in February narrowed to 2.06 billion pounds from 3.90 billion as exports surged to a seven year high. Chemicals and oil where the most sought after items which helped close the visible trade-gap to 6.17... (posted by Phil 2 years 44 days ago.)

10. Currency Market Update 09/04/10 The Pound Holds as some good U.K data released. House prices increased up 1.1% from the previous month. GDP increased by 0.4% and Interest rates have been kept to the record low of 0.5%. The BOE has also decided not for the time being to pump any... (posted by Phil 2 years 49 days ago.)

11. Currency Market Update 07/04/10 The Pound -Held its own against the dollar after a survey showed the election Prime Minister Gordon Brown called today may result in no party holding a parliamentary majority. This is after many news features claimed that the pound had fell and... (posted by Phil 2 years 51 days ago.)

12. Currency Market Update 06/04/10 The Pound enjoys a good bank holiday weekend as it breaks 1.13 on the Euro and over 1.53 on the Dollar. It seems the appetite is back for risky assets as the US releases encouraging March data for the service industry. It showed that it expanded... (posted by Phil 2 years 52 days ago.)

13. Currency Market Update 01/04/10 The Pound With no UK data yesterday the pound held strong and in-fact made a slight gains on the majors including the struggling Euro. Sterling closed over 1.1250 overnight, this could be seen a good sign and it will be interesting to see how the... (posted by Phil 2 years 57 days ago.)

14. Currency Market Update 30/03/10 The Pound Britain's AAA credit rating has been affirmed by Standard & Poor's, which has also kept its negative outlook on the nation's debt on concern that the government hasn't been specific enough about how it will cut the budget deficit. This... (posted by Phil 2 years 59 days ago.)

15. Currency Market Update 24/03/10 The Pound - the inflation rate fell more than economists forecast in February as lower costs of items from toys to energy absorbed price pressures in the economy. Consumer prices rose 3% from a year earlier; this was after a 3.5 % increase in... (posted by Phil 2 years 65 days ago.)

16. Currency Market Update 22/03/10 The Pound - fell sharply against the dollar and the euro on Friday after a BOE policymaker said the UK could yet fall back into recession. The Bank's Monetary Policy Committee member Andrew Sentance said there was a chance of a double-dip... (posted by Phil 2 years 67 days ago.)

17. Currency Market Update 17/03/10 The Pound - Besides political polls, drags on the pound increase. Moody's questioned UK's AAA ratings again due to high budget deficit and the few proposed solutions to tackle it. Further, BOE Barker highlighted the risk of a double-dip recession.... (posted by Phil 2 years 72 days ago.)

18. Currency Market Update 16/03/10 The Pound - A short lived high 1.1051 on the Euro and 1.5205 on the Dollar yesterday gave some hope of some momentum in sterling's favour. However an EU Commission report to be published on Wednesday states that the government's plans for reducing... (posted by Phil 2 years 73 days ago.)

19. Currency Market Update 12/03/10 The Pound The number of houses sold in England and Wales fell at the start of 2010. A 52% drop not seen since the beginning of the recession. The bad weather and the end of stamp duty relief are being blamed for the slump. Meanwhile speaking to... (posted by Phil 2 years 77 days ago.)

20. Currency Market Update 09/03/10 The Pound The Royal Institution of Chartered Surveyors has claimed new instructions outpaced enquires from new buyers in February. This is the second month in a row. The rise in house prices during the past year has been attributed by many... (posted by Phil 2 years 80 days ago.)

21. Currency Market Update 05/03/10 The Pound holds for the first time in days and we could see a close this week nearing the 1.11 against the Euro. However any small gains could be lost next week when a string of important data such as Visible Trade Balance and Retail Sales will be... (posted by Phil 2 years 84 days ago.)

22. Currency Market Update 26/02/10 The Pound An unexpectedly steep fall in UK business investment in the last three months of the year has again weakened the pound falling to a 9 month low against the Dollar and an 11 month low against the Yen. Even the Euro enjoyed a comeback. The... (posted by Phil 2 years 91 days ago.)

23. Curruncy Market Update 23/02/10 The Pound With a fairly quiet day yesterday, investors should consider betting that the euro will rise against the pound amid growing concern that the U.K. will struggle to contain its budget deficit, that's according to Royal Bank of Scotland... (posted by Phil 2 years 94 days ago.)

24. Currency Exchange Service 18/02/10 The Pound According to the Office for National Statistics jobless claims unexpectedly jumped in January to the highest level since Tony Blair led the Labour Party to power almost 13 years ago. The BOE said last week that employment is at risk of... (posted by Phil 2 years 99 days ago.)

25. Pound not out of Recession 27/01/10 The Pound Many news items are claiming that the UK economy has come out of recession, after figures showed it had grown by 0.1% in the last three months of 2009. The economy had previously contracted for six consecutive quarters - the longest... (posted by Phil 2 years 121 days ago.)