The recent release of the MPC minutes has given the pound a major boost. Adam Posen, the policymaker who has so often stood alone as the Bank of England’s arch dove during his 19-month tenure, has seemingly abandoned his quest for further quantitative easing. Two votes became one then, with only David Miles seeing fit [...]
NOK/JPY The Norwegian krone has made an extremely impressive start to 2012. It was the top performing currency in February, which is largely due to a combination of domestic economic strength and soaring oil prices. Amid worrying developments in Iran, the price of Brent crude oil is trading at what is more than a three [...]