Category Archives: economics

25.04.12

Sterling Falls as UK Officially Enters Technical Recession

The pound took a pounding this morning after worse than expected UK GDP numbers were released. We have now seen the UK fall back into recession as the GDP figures came in at -0.2% from an expected 0.1%. The official … Continue reading

Categories: economics, sterling.

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.

Categories: currency, economics, sterling.

09.02.12

Its a deal, its a steal, its the sale of the Greek Economy!

An agreement has finally been reached on the Greek debt deal which has sent the single currency higher across the board.

06.02.12

How Are You Managing Your Currency Exposure for 2012

Looking ahead to your currency exposure for 2012 may be prudent after witnessing such big swings in certain currency pairs last year. From sterling’s point of view we saw a gain of just under 9% in GBP/EUR where a low … Continue reading

31.01.12

Sterling Hits 8 Day High Versus Euro

The pound struck an eight day high against the euro this afternoon as the glow which was shining brightly over the eurozone area has already began to disappear. Optimism the eurozone agreement yesterday is fast wavering and the agreement remains … Continue reading

29.11.11

‘Fenton Fenton’ We Reveal Chancellor Sensation!

Austerity chasing ‘Osborne’ was seen today herding as much savings and tightening of the money belt as possible in his Autumn Forecast Statement revealed today. Millions of people have watched net footage of the Tory ‘Top Dog’ trying to squeeze … Continue reading

23.11.11

Euro continues to slide on weak demand after German debt auction

The euro continued its slide versus the majors as weak demand was seen in this mornings German debt auction.

Categories: currency, economics, eurozone.

23.11.11

Euro Under Pressure as E/Zone Industrial orders Plummet!

The pound and dollar made decent gains against an under fire single currency this morning as the euro came under huge pressure following weaker than expected economic data in the form of E/Zone industrial orders.

03.11.11

ECB cuts interest rates by 25 basis points to 1.25%

The euro has weakened off slightly this afternoon and erased its gains made this morning. The ECB have cut rates by 25 basis points to 1.25%.

Categories: currency, economics, eurozone, forex.

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

Categories: currency, economics, forex, sterling.