23.02.12

Pound Dives on fears More QE on the Cards

Sterling hits 2 month low against euro.
Euro zone teetering on brink of recession.
US Unemployment Claims may generate volatility today.
Yen depreciates to seven month low against dollar.

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22.02.12

Sterling Sold off on MPC Split

The European session saw the pound take a hit across the board today after MPC members David Miles and Adam Posen voted for a £75bn boost, reopening the debate on whether the Bank will add further quantitative easing in May.

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22.02.12

More Competitiveness Needed for All Nations

Sluggish economic data fails to support the Sterling.
Greece receives second bailout and looks for more?
Greenback keeps its strong position, climbing above 80 against Yen.

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21.02.12

Greece is Saved, Euro is Secure – Really!

Eurogroup finally sign off the second bailout for Greece.
Bailout No 2 see’s Greece target a debt to GDP ratio of 120.5% by 2020.
Single currency posts small gains against majors.
Sterling stands firm against dollar.

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20.02.12

Greece Bailout Decision Due Today.

Pound rises as UK retail sales beat expectations.
Euro ministers circle in on Greek rescue.
Greek news set to influence USD today.
Aussie, Kiwi dollars gain on Greek deal.

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17.02.12

Euro Rises on Optimism Greek deal Will be Reached

The euro strengthened versus the dollar and pound on optimism European officials will agree to provide Greece with funding for a second bailout package. The 17-nation currency rose to a two-month high versus the yen after Italian Prime Minister Mario Monti, German Chancellor Angela Merkel and Greek Prime Minister Lucas Papademos expressed optimism that an “agreement on Greece” can be reached at a Brussels meeting of euro-area finance ministers on Feb. 20.

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17.02.12

Race is on to Pass Draft Law by Sunday

Sterling makes strong gains against the euro and dollar.
Risk appetite returns to send dollar lower.
Greece awaits eurozone verdict.
Euro gives up nearly two cents versus sterling since Wednesday.

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16.02.12

Eurozone Debt Crisis Puts Economy at Standstill

Sterling gains over 1 percent against euro after BoE report.
Euro weakens before Germany-Italy meeting.
USD moves up following fresh euro zone worries.

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15.02.12

Another One (EU Summit)Bites the Dust

EU summit cancellation brought US dollar to a new high.
China’s top central banker pledged to continue buying Euro.
EU commission first worries about 12 nations macro-economic conditions.

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14.02.12

Moody’s Takes Gloss off Recent Euro Recovery

Moody’s delivers a damning verdict on Eurozone.
Single currency gives up gains made in Monday’s morning session.
Sterling mixed: GBP/EUR holds but drop in cable seen after Moody’s move.
BoJ keeps interest rates unchanged but injects additional easing action.

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