Posted on Wednesday, July 13th, 2011 at 12:00 pm.
GBP Sterling rallied on Tuesday against the dollar and euro after better than expected UK services PMI. The surprisingly positive services data saw the PMI index for June rise to 53.9 off of a… Read More...
Posted on Wednesday, July 13th, 2011 at 12:00 pm.
After months of taking a bullish stance towards the sterling, forecasting fast appreciation against the major currencies as the UK economy recovered, Barclays Capital has performed a complete volte-face, revising its view for the… Read More...
Posted on Wednesday, July 13th, 2011 at 12:00 pm.
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… Read More...
Posted on Wednesday, July 13th, 2011 at 12:00 pm.
Equities and commodities started the week on the same positive note they ended the previous one on, rallying on the somewhat better tone of macroeconomic news out of the United States and the relative… Read More...
Posted on Wednesday, July 13th, 2011 at 12:00 pm.
GBP Thursday saw July’s Bank of England rate decision; the bigger fundamental impact would come through a report from the ONS showing the biggest jump in manufacturing output in 14 months. Unlike its Eurozone… Read More...
Posted on Wednesday, July 13th, 2011 at 12:00 pm.
GBP Sterling lost ground against the dollar on Wednesday as risk appetite subsided among investors following on from a Chinese rate hike and renewed concerns over Eurozone peripheral debt led investors to shed risky assets. It is also worth notin... Read More...
Posted on Wednesday, July 13th, 2011 at 12:00 pm.
GBP With the headline reading for inflation falling for the first time in 3 months and a slowing recovery, the bearish sentiment underlying sterling is likely to continue to grow as the Bank of… Read More...
Posted on Wednesday, July 13th, 2011 at 12:00 pm.
GBP There was mixed data from the retail sales monitor and RICS housing survey as buyers’ purchasing power remains low due to lack of lending from banks. Major stock markets had their biggest one… Read More...
Posted on Sunday, July 3rd, 2011 at 3:04 pm.
Overview: Yesterday’s main theme was short-term euro strength as Trichet’s rhetoric focused on ‘strong vigilance’, and Greek sovereign debt default fears have been eased for the time being. GBP Sterling remained relatively range bound… Read More...
Posted on Sunday, July 3rd, 2011 at 3:04 pm.
GBP Sterling hit an eight-week low against the euro on Wednesday as the single currency gained broad support ahead of a Greek vote on dramatic austerity measures, which many in the market expect to… Read More...