Posted on Thursday, January 12th, 2012 at 12:26 pm.
Yesterday we saw the US Dollar strengthen substantially especially against Sterling with Cable moving down over 150 points and EUR / USD down around 80 points. This move came as somewhat of a surprise as yesterday was fairly light in terms of data and while we expect the Euro to weaken, to see Sterling move [...] Read More...
Posted on Wednesday, November 23rd, 2011 at 3:44 pm.
Sterling could well be in for a rough ride today when the latest Bank of England minutes are released at 9:30am. The Bank of England have already lowered growth forecasts in the UK in an announcement earlier this month, and that coupled with the re-introduction of quantitative easing could dampen any demand for Sterling. It [...] Read More...
Posted on Wednesday, September 21st, 2011 at 2:37 pm.
Sterling has found itself back under a little bit of pressure this morning after the Bank of England’s minutes this morning were less than positive. Sterling has looked to be edging ever closer to breaking 1.1500 against the Euro but this morning’s comments will only dampen the mood. The nine members of the MPC all [...] Read More...
Posted on Wednesday, August 3rd, 2011 at 10:45 am.
It seems to be all a matter of confidence, and unfortunately for the Euro, confidence is fading fast. Markets have scrambled into safe havens including Gold and the Swiss Franc in recent weeks as there are now genuine fears that the single currency is under threat. Italy and Spain have seen bond yields widen even [...] Read More...
Posted on Friday, July 29th, 2011 at 8:17 am.
Sterling is gently reaping the rewards of weakness in both the Euro and US Dollar. The situation the US find themselves in is well documented, with President Obama at loggerheads with Congress over raising the national debt limit. The deadline day of August 2nd is edging ever closer, and although markets are nervous over the [...] Read More...
Posted on Thursday, July 28th, 2011 at 9:07 am.
The Euro came back under fire yesterday as both Greece and Cyprus received a cut in their credit ratings. The Greek situation is still far from over despite last week’s bailout package being agreed. Greece looks set to enter into a ‘selective default’ and it looks only a matter of time before further requests for [...] Read More...
Posted on Thursday, July 21st, 2011 at 9:36 am.
Sterling managed to hold itself fairly firm after yesterdays Bank of England minutes were released and looks to be building a firm platform to try and reach the dizzy heights of 1.14 again. With the main focus of the market being on both the US Trade Deficit and the Euro zone debt issues there is [...] Read More...
Posted on Wednesday, July 20th, 2011 at 9:32 am.
Sterling could be in a bit of trouble this morning as the Bank of England minutes are released at 9:30. Recent data out of the UK has been poor and a dovish tone in today’s minutes could set the mood for today’s trading and put Sterling under pressure. In recent weeks we’ve commented on how [...] Read More...
Posted on Friday, July 8th, 2011 at 11:20 am.
We’ve reached the end of the week and one that has seen more ups and downs than Mick Jaggers bed. There was very little on offer from the Bank of England yesterday other than the fact that the asset purchase fund level has remainedthe same at £200bn. We will have to wait nearly two weeks [...] Read More...
Posted on Thursday, July 7th, 2011 at 11:21 am.
Well it’s the first Thursday of the first full week of the month and that can only mean one thing. Yes, it’s time for the Bank of England rate announcement today but don’t get too excited as I can pretty much guarantee you there will be no change in policy. Rates look set to stay [...] Read More...