Posted on Friday, September 21st, 2012 at 4:49 pm.
It’s been a tough morning for US currency, which continued to weaken, hitting its lowest in more than a year against the euro and Swiss franc on higher equities and oil prices, as well as speculation that US interest rates will stay low for some time. Positive signs came through for the global economy today [...] Read More...
Posted on Friday, September 21st, 2012 at 4:48 pm.
The Euro has fallen against the Yen and the Dollar as Greece ‘s credit rating has been downgraded to a non-investment rate. UK Market – Pound Sterling News The Pound has made strong gains on the Euro overnight although this has started to tail off this morning. The new Office for Budget Responsibility’s first data [...] Read More...
Posted on Friday, September 21st, 2012 at 4:47 pm.
Spain ‘s bond sale yesterday has given the Euro its near biggest weekly gain in a year against the Dollar. Investors in the Euro have reacted well to Spain ‘s ability to raise 3.5 billion Euros increasing confidence in the fund-raising ability of Euro nations. UK Market – Pound Sterling News The Pound gained on [...] Read More...
Posted on Monday, August 13th, 2012 at 10:25 am.
Writing in the Mail on Sunday, Sir Mervyn King pondered the possible economic legacy of the Olympic games; “By spreading happiness and good cheer the Games have made us all feel better. And, who knows, the impact on confidence may give the economy a boost. But ultimately the Games cannot alter the underlying economic situation [...] Read More...
Posted on Monday, August 6th, 2012 at 9:19 am.
The month of July was not at all kind to the euro. From start to finish it fell by 3% against the pound and was the month’s worst-performing major currency. As usual the euro was shadowed by its alter-ego, the Swiss franc. That poor overall result does, however, conceal a late rush by the euro. [...] Read More...
Posted on Thursday, August 2nd, 2012 at 4:08 pm.
It is not unusual to see in supermarkets a one-kilo box of something for £2.79 and a two-kilo family pack for £5.79. Like national lottery tickets, retailers treat the practice as a tax on stupidity. But Tesco, according to a story in the Daily Mail, has raised the barrier. At a branch in Bridlington it [...] Read More...
Posted on Monday, July 30th, 2012 at 1:01 pm.
Until Thursday morning it was looking like business as usual for the euro. Weak Euroland purchasing managers’ index readings, a negative outlook for Germany’s AAA credit rating, lack of demand for Spanish government debt; none of them helped the single currency. That all changed on Thursday when the head of the European Central Bank said [...] Read More...
Posted on Wednesday, July 25th, 2012 at 8:38 am.
Again it was the euro at the bottom of the heap, this time for a third successive week. On Monday morning it touched a two-year low against the US dollar, a 3 1/2-year low against the pound and a 12-year low against the yen. There was no freshly devastating news weighing the euro down, just [...] Read More...
Posted on Monday, July 16th, 2012 at 4:18 pm.
For the second week in succession the euro and its doppelganger, the Swiss franc, were the worst-performing major currencies. It was not that there was any particularly nasty news from Euroland, more that what did appear was all vaguely unhelpful and fed investors’ existing misgivings. When euro area finance minister met at the beginning of [...] Read More...
Posted on Tuesday, July 3rd, 2012 at 8:46 am.
The “breakthrough” trumpeted by EU President Van Rompuy at the end of June has yet to persuade investors that the euro’s problems are over. The idea is for the two EU rescue funds to provide direct funding to Spanish (and maybe Italian and Cypriot) banks to keep them in business. If Brussels can flesh out [...] Read More...