Ireland Admits Vast Costs To Support Banking Sector
Thu, 30 Sep 10 13:35 pm
The Euro is remaining strong despite the increasing prominence of Eurozone debt issues.
Bank of England Member Causes Severe Drop in Sterling
Wed, 29 Sep 10 12:12 pm
The Pound has dropped to the lowest levels against the Euro since May following an outspoken warning from Bank of England member Adam Posen that the economy needs stimulus.
Pound Picks Up As UK Budget Plans Are Praised
Tue, 28 Sep 10 10:42 am
The Pound began to recover this morning as revised second quarter GDP figures were confirmed at the expected 1.2 percent.
UK House Prices Slide Even Lower
Mon, 27 Sep 10 11:32 am
The Pound has reached a six week high against the broadly weak US Dollar but remains at low levels against the Euro, failing as of yet to claim back significant ground on the single currency.
Fears Rise as Irish Economy Slows
Fri, 24 Sep 10 11:13 am
In a week where the Irish banking sector has raised concerns, the health of the economy now looks more frail than feared.
Euro at Four Month High Against Pound and US Dollar
Thu, 23 Sep 10 15:48 pm
The theme has broadly continued in the currency markets, with the Euro going from strength to strength whilst the Pound and Dollar fail to recover significantly from the heightened fears following the Bank of England minutes and Federal Reserve meeting this week.
Sterling Sharply Plummets On Bank of England Outlook
Wed, 22 Sep 10 10:39 am
Sterling steeply dropped to the 1.17 level against the Euro last night following the worst public finance debt figures ever for the month of August on record
UK Public Borrowing Hit Record High in August
Tue, 21 Sep 10 10:42 am
Public finance data this morning for net borrowing in the month of August in the UK has come in at the highest level on record for the month at £15.3 billion.
UK Housing Market Under Strain
Mon, 20 Sep 10 09:48 am
The housing sector continues to be one of the most concerning areas of the UK economy.
It’s all about perspective
Fri, 17 Sep 10 11:24 am
Sterling remains range-bound this morning, trading at 1.1942 against the Euro at 10am.
Have we weathered the storm?
Thu, 16 Sep 10 12:15 pm
With floods and droughts affecting many food and textile crops in the Middle East and Asia, the cost of living is set to increase.
Bank of England Governor To Answer Severe Questioning
Wed, 15 Sep 10 10:44 am
Mervyn King, the Bank of England Governor, is speaking to the Trade Unions Congress today, being only the second to do so in that position in over a century.
UK Inflation On Hold & House Prices Continue To Plummet
Tue, 14 Sep 10 10:23 am
Markets have opened this morning to the news that UK house prices have fallen to their lowest levels since May 2009 and August Inflation figures have been released at 3.1%.
Euro Pushes Up Thanks To China’s Boom
Mon, 13 Sep 10 10:37 am
The Euro has come back into play pushing the US Dollar into the sidelines as currency investors have once again become more risky.
UK Trade Deficit At Five Year High
Fri, 10 Sep 10 14:07 pm
The UK trade deficit is near a five year high, hitting £8.7 billion in July with the Pound remaining under pressure.
Sterling Dropping as Interest Rates Kept On Hold
Thu, 09 Sep 10 11:32 am
The Bank of England have decided to keep interest rates at the record low 0.5 percent this morning with concerns rising over a deep slow down in the rest of the year.
Pound Holding Up As Bankruptcy Strikes Again
Wed, 08 Sep 10 11:41 am
Debt-ridden UK company Connaught are likely to enter formal administration today.
Pound Rising From Six Week Euro Low
Tue, 07 Sep 10 13:10 pm
The Pound fell to a six week low against the Euro yesterday but is re-gaining ground today due to heightening concerns over European banks.
Surging UK export demand fails to lift Sterling
Mon, 06 Sep 10 11:26 am
Despite very strong news on the growing UK export market, the week is starting with a downwards slide in Sterling.
We’re Taking a Tumble
Fri, 03 Sep 10 13:53 pm
The new month is here and so is some fairly pathetic news for the UK. ‘Falling’ appears to be the general pattern of play with Sterling tumbling and house prices taking another beating.
Weakest Link but not much of a game show
Thu, 02 Sep 10 14:02 pm
Just as global markets show signs of a double-dip recession, encouraging worldwide manufacturing data provided a tiny glimmer of hope.
Sterling Tumbles as Manufacturing Sector Grinds Down
Wed, 01 Sep 10 11:01 am
The Pound has begun to drop against both the Euro and the US Dollar following surprisingly poor data from the manufacturing sector this morning.
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