Happy New Year!
Mon, 23 Feb 09 06:00 am
Amongst the celebrations and fireworks, the hangovers and pledges of a better lifestyle, the Bank of England has attempted to resuscitate the national economy by lowering interest rates to 1.5% this week...
'We are enjoying sluggish times and not enjoying them very much'
Mon, 23 Feb 09 06:00 am
As recession wraps its clenched fist around the world, enter President Obama. Global messiah, patron saint of overextended capitalism, the world has high hopes for the 44th President. Let's hope his policies are as good as his dance moves!
Give me an S!
Mon, 23 Feb 09 06:00 am
This week began with a highly international flavour as Chinese New Year, Australia Day and an Indian National Holiday all coincided on Monday making trading was thin on the ground. However, rather than exacerbate woes for the Pound, Sterling staged a significant rally spurred on by a minor recovery in confidence in the banking sector. Give me an S!
Plucky Pound fails to Perform
Mon, 09 Feb 09 06:00 am
There is one man who embodies Sterling performance in the currency market this week: Andy Murray. Plucky, dynamic, with outbursts of brilliance but ultimately outperformed by a stronger rival...
Tonight We're Gonna Party like it's 1929
Mon, 09 Feb 09 06:00 am
First uttered by Prince in 1982, but perhaps more poignant for a Lehman's employee, HBOS employee, Gordon Brown, take your pick...as we have experienced one of the most tumultuous weeks the market has seen in decades. Richard Fuld had possibly the most chronic case of Monday-itis in history, made all the more enjoyable I'm sure by thousands defacing his portrait outside the office...
'There cannot be a crisis this week; my schedule is already full'
Mon, 09 Feb 09 06:00 am
So said Henry Kissinger and it was a sentiment shared by many at the beginning of the week but unfortunately heeded by none, as global markets plunged even further into turmoil.
I need a hero!
Mon, 09 Feb 09 06:00 am
Is Gordon Brown belatedly responding to the lyrics Bonnie Tyler sung back in 1986?The newly minted 'Flash' has been one of the major winners of the latest phase in the credit crisis as his bank recapitalisation plan has sent Labour polls soaring in contrast to global stocks.
Crisis Lowers Confidence
Mon, 09 Feb 09 06:00 am
If global markets could have followed the advice given to Lewis Hamilton in his bid to gain the world title in Brazil, to 'drive a tactical race and keep out of trouble' we may have been in a different position at the close of this October week...
Trick or Treat?
Mon, 09 Feb 09 06:00 am
A prank gone awry saw the Beeb making boobs of themselves this week as an outraged public failed to share the joke with Brand and Ross. While the moral integrity of those two could be found skulking around with Sterling, which plunged again this week, the late and heavy handed response has seen the BBC come under fire as well...
Talk about fireworks!
Mon, 09 Feb 09 06:00 am
What a week. The US has a new President, Britain has a new champion, and Europe has a new um...set of interest rates. I've been exhausted just watching! Since Lewis Hamilton snatched the grand prix from Glock, the excitement has not let up...
Sterling Slumps
Mon, 09 Feb 09 06:00 am
Well Andy Murray, give me a chance to eat my words! After comparing him to Sterling on currency charts (plucky but ultimately weak) he has sailed through to the final of the TMC to face Federer. Safe Swiss or volatile Brit? Let's hope Murray fares better than the blighted Pound!
Sterling Continues to Suffer
Mon, 09 Feb 09 06:00 am
And you thought England-Australia was bad! Stock markets have taken an absolute hammering this week in the conspicuous absence of any positive economic data...
Governments to the Rescue
Mon, 09 Feb 09 06:00 am
Well, it's been a sobering week internationally with no shortage of drama on the scene. Terrorist attacks in Mumbai suspended Indian trading yesterday and anti-government protesters closed the airport in Bangkok....
Desperate Times, Desperate Measures
Mon, 09 Feb 09 06:00 am
Reports of a Dollar bill found on the floor of the US Stock Exchange sent Wall Street into a frenzy this week. Described as 'crinkled but real' by theonion.com, the Dollar was discovered in the northwest corner of the building, giving new meaning to the term single currency...
UK takes a Quarter Pounding
Mon, 09 Feb 09 06:00 am
The Pound has been pulling all sorts of party tricks! Having done a great limbo impression, Sterling has bent over backwards to reach new lows this week, not once but three times against the Euro...
Not even so much as a virus?
Mon, 09 Feb 09 06:00 am
Ouch Fergie. The credit crunch is hitting all sectors this week and it seems no one is immune from a good drubbing. Even the President, yes he still is President, had to duck from the 'Baghdad Clobber' this week as frustration got the better of him and sent shoes flying towards Bush's head...
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Today's Currency News
Data just out indicated that UK consumer price inflation eased for April. Weak CPI, coupled with a...
Currency Rates
| US Dollars | 1.5769 |
| Euros | 1.2400 |
| Swiss Francs | 1.4893 |
| Australian Dollars | 1.6016 |
| South African Rand | 13.062 |
| GBP indicative mid-market rate at 18:55. Please call for quote. | |
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