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Monthly Archives: October 2011
31.10.11
Pound gains over a cent vs the euro and dollar.
The pound has gained nearly one and a half cents against the dollar and a full cent versus the euro this afternoon as sterling reverses its losses posted at the end of last week.We have seen an extremely choppy trading … Continue reading
31.10.11
Euro Euphoria Evaporates
Sterling near 7 week high against the dollar, bounces vs euro. Sarkozy criticised for seeking China’s help. US employment probably cooled in October. Yen drops against euro, dollar as Japan intervenes. Australia, New Zealand Dollars fall before RBA Meeting. For … Continue reading
28.10.11
EU flexes its muscles in Brussels to rally single currency.
Sterling hits seven week high versus the dollar as risk appetite returns. Global financial markets recover on back of EU summit. Dollar weakens as risk appetite roars back into global markets. Strong rally in the euro see’s single unit hit … Continue reading
27.10.11
Will it be enough
Sterling falls against Euro on debt plan Banks agree to write down their debt by 50% Dollar weakens as European leaders reach deal on Greek debt BOJ expands stimulus as EU crisis boosts Yen
Categories: Market Commentary.
26.10.11
Euro takes a turn for the worse in run up to EU meeting.
The single currency has dumped over a big figure versus the pound and dollar as we get close to hearing any findings from today’s EU meeting. Initially we did see euro strength after Germany backed the EFSF Fund Leverage, but … Continue reading
26.10.11
No winner in yesterday’s euro millions, will there be a winner in today’s Euro Trillions?
Europe struggles toward financial rescue plan. Uncertainty remains ahead of today’s EU summit. Pound, euro and dollar unchanged, awaiting direction from EU Summit. Yen maintains gains after climbing to record versus the dollar. Loonie drops 3 cents vs sterling as … Continue reading
25.10.11
Confusion Reigns!
The euro had a slight scare this afternoon after mixed reports that some euro meetings scheduled for tomorrow had been cancelled. The first scare was that some reports had said the 27 nation ECOFIN meeting had been cancelled, but then … Continue reading
25.10.11
The lull before the storm.
Sterling down from 6 week high against dollar. Euro weakens but still supported ahead of EU summit. USD down on eurozone hopes. Canadian dollar trades at near strongest level in a month. Kiwi dollar falls as data show slower inflation. … Continue reading
24.10.11
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24.10.11
Optimism fuels global market ahead of Wednesday’s key EU summit.
Good progress cited at weekend EU summit with potential deal on card’s. Euro finds support ahead of Wednesday’s EU summit. Sterling gains two cents versus US currency as risk appetite grows. Dollar sold off as global risk appetite grows and … Continue reading