26.04.12
Sterling falters on UK recession.
Investor risk taking helps boost euro.
Bernanke hints that further easing unlikely.
New Zealand keep rates at record low.
For more information see tool bar above, click ‘Market Data’ then ‘Market Commentary’.
25.04.12
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 way of registering a recession is to have two consecutive quarters of negative GDP numbers, unfortunately something which has now been realised.
19.04.12
BoE rallies after BoE minutes shows Posen change of heart.
Euro trading heavy as Spain weighs.
US Existing home sales may lead to dollar gains.
Aussie, Kiwi rise on speculation China may easy policy.
For more information see tool bar above, click ‘Market Data’, then ‘Market Commentary’.
30.04.12
Sterling at 8 Month High Versus Dollar and 22 Month High Versus Euro
Pound strength continues in currency markets.
Euro sold off after Spanish jobs numbers and ahead of Spanish GDP data.
US dollar down on speculation consumer spending numbers will be low.
Japan’s markets are shut today for a public holiday.
For more information see tool bar above, click ‘Market Data’ then ‘Market Commentary’.