Archive for May, 2010
Currency Update – Post Election
Posted in Currency News Currency Updates by mporter
After Sterling’s initial bounce higher following the formation of a Conservative-Liberal Democrat coalition majority government the Pound has disappointed somewhat, particularly against the US Dollar which earlier slipped below 1.45.
The sell off in Sterling started following the Bank of England’s Quarterly Inflation Report which implied that UK interest rates would remain very low for some [...]
Currency Update
The Pound has spiked higher against the Euro, earlier breaking through interbank 1.17. Financial markets continue to be concerned that the €110 Billion Greek bailout package won’t be enough to prevent the crisis spreading to other vulnerable Eurozone states namely Portugal, Spain and Italy.
In the UK, markets will await the outcome of the general election, [...]
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