Risk assets rallied strongly last week, buoyed by the apparent success of European Union officialdom in delaying – at least temporarily – a Greek sovereign default, as well as by a slightly better tone…
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Risk assets surge as Greek austerity measures subdue Eurozone fears
Special Report: Barclays GBP forecast revised sharply downwards
After months of taking a bullish stance towards the sterling, forecasting fast appreciation against the major currencies as the...
Sterling gains against euro, dollar; Portugal downgraded to ‘junk’
GBP Sterling rallied on Tuesday against the dollar and euro after better than expected UK services PMI. The surprisingly...
Sterling drops against dollar as investors lose risk appetite
GBP Sterling lost ground against the dollar on Wednesday as risk appetite subsided among investors following on from a Chinese rate...
Euro rallies after Trichet leaves door open for further hikes
GBP Thursday saw July’s Bank of England rate decision; the bigger fundamental impact would come through a report from...
Hopeful week turns sour after disastrous US payroll report; Italy worries
Equities and commodities started the week on the same positive note they ended the previous one on, rallying on...
Sterling gains vs euro over continuing EU economy fears
GBP There was mixed data from the retail sales monitor and RICS housing survey as buyers’ purchasing power remains...
Euro hits four-month low vs dollar as Italy debt worries escalate
GBP With the headline reading for inflation falling for the first time in 3 months and a slowing recovery,...
Dollar rallies amid weak UK data and Greek chaos
USD The dollar was the major gainer yesterday as both the euro and sterling were weakened by yesterday’s flow of...