Pound At Ten Week High Against Euro
Tue, 30 Nov 10 11:23 am
As the Eurozone debt crisis continues to snow-ball (forgive the pun in today’s UK weather conditions!), the Euro has fallen to around a ten week low against Sterling.
85 Billion Euro Irish Bailout Signed
Mon, 29 Nov 10 11:43 am
European politicians claim that the 85 Billion Euro rescue package signed over the weekend in Ireland will help cease the spread of debt issues to other European nations and bring stability to the Euro.
Euro Under Pressure As Portuguese Budget In Spotlight
Fri, 26 Nov 10 14:26 pm
Following yesterday's rise, the Euro has been falling so far today as mounting European debt issues are high in the minds of markets.
Euro Still Fragile As Irish Austerity Measures Outlined
Thu, 25 Nov 10 11:47 am
The Pound reached a two month high against the Euro in the past twenty four hours as the Irish government outlined measures to save €15 billion from the budget over the next four years.
UK GDP Figures Still On Track
Wed, 24 Nov 10 11:38 am
This morning’s revised 3rd quarter UK GDP figures have come in to confirm the original rate of growth at 0.8 percent.
Euro Stumbles As Irish Debt Crisis Fuels New Political Uncertainty
Tue, 23 Nov 10 11:42 am
Despite the announcement of an EU rescue package to Ireland pushing the Euro higher in the first instance over the weekend, the aftermath of political uncertainty that has since risen to the surface has caused the single currency to weaken.
Euro Rises As Irish Rescue Package Agreed
Mon, 22 Nov 10 11:36 am
The Pound has moved down against the Euro since Friday with the Irish rescue package agreed over the weekend helping to steady the recently fragile Euro. The certainty that this has afforded to the Eurozone has helped to steady the single currency.
Euro still on Shaky Ground
Fri, 19 Nov 10 12:06 pm
Ireland is still making the headlines as its liquidity could have huge implications for the Euro. Irish corporate tax is currently 12.5%, well under the Eurozone average.
UK Retail And Industrial Sectors Show Growth
Thu, 18 Nov 10 12:27 pm
For the third day in a row Sterling has spent the morning edging up against the US Dollar and Euro following the morning’s data releases.
Bank of England Minutes Give Sterling Another Push
Wed, 17 Nov 10 11:19 am
The Bank of England minutes from November’s policy meeting have given Sterling another positive push as they re-confirmed expectations following last week’s inflation report and also coincide with better than expected UK employment figures.
Pound Gains On Euro As Inflation Pushes Up
Tue, 16 Nov 10 11:07 am
UK CPI inflation figures released this morning have shown an increase taking the Pound higher. Figures which were expected to maintain the annualised rate of 3.1 % have come at 3.2 %.
Euro can’t shake debt fears
Mon, 15 Nov 10 11:17 am
Despite improving European GDP figures on Friday and overwhelmingly positive trade balance data this morning, the Euro is still struggling as pressure mounts on the currency by the talk surrounding Irish debt as well as Greek and Portuguese solvency.
Pound In Volatile Drop Following Yesterday’s Surge
Fri, 12 Nov 10 11:15 am
The Pound rose 0.9 percent against the Euro throughout yesterday to levels last seen in September. This was until a sudden swing this morning has set Sterling on a downward fall.
Euro Suffers As Debt Issues Come Under Focus
Thu, 11 Nov 10 11:23 am
Whilst the Pound strengthened yesterday following the Bank of England inflation report, and the Dollar also gained as trade balance and employment figures showed a marked improvement, the Euro has solidified its position as the currency under pressure.
Sterling Rallies As UK Quarterly Inflation Report Released
Wed, 10 Nov 10 12:20 pm
The Pound has experienced an instant rally this morning as the key quarterly inflation report was released.
Fears Of An Irish Crisis Send The Euro Lower
Tue, 09 Nov 10 11:11 am
Despite declarations that the Irish have not approached the EU for help, fears over the ability of the government to deliver on a sweeping austerity budget persist and have pushed the Euro lower over the last twenty four hours.
US Dollar Begins To Rise From Slump As Focus Shifts Back To European Debt
Mon, 08 Nov 10 11:49 am
Last week's quantitative easing decision by the US Federal Reserve had pulled the Dollar down to its lowest levels since December 2009.
Bank of England Keeps Rates On Hold And Defers Further Quantitative Easing
Fri, 05 Nov 10 12:06 pm
The Monetary Policy Committee of the Bank of England decided that UK interest rates will remain on hold at 0.5% yesterday. The rate has remained unaltered since March 2009.
Federal Reserve Announces Fresh Round Of Quantitative Easing
Thu, 04 Nov 10 10:44 am
The Federal Reserve fulfilled most analysts' expectations yesterday when it announced that it would pump $600 billion into the US economy between now and June 2011.
Currency Markets Brace Themselves For US Quantitative Easing Decision
Wed, 03 Nov 10 10:59 am
Today sees the eagerly anticipated meeting of the US Federal Reserve Monetary Policy Committee
Australian Dollar Nears Parity With US Dollar for First Time In Years
Tue, 02 Nov 10 13:15 pm
On the eve of the speculated Federal Reserve announcement of a re-introduction of stimulus measure to prevent the US economy sliding back into recession.
Will they or won’t they? Crucial week for currency markets as US quantitative easing decision looms
Mon, 01 Nov 10 11:30 am
A seminal week is in store for the US Dollar with the Federal Reserve’s decision on quantitative easing to be revealed on Wednesday.
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