Archive for July, 2010
23rd
Jul/10
UK GDP figures boost Sterling
This morning the Office for National Statistics released its latest UK GDP estimate. The estimate was better than market expectations at 1.1% quarter on quarter and at 1.6% year on year.
As a result the Pound has appreciated towards 1.54 against the US Dollar and 1.19 against the Euro.
19th
Jul/10
Currency Matters – Euro
The Euro was boosted last week by the successful bond auctions by a number of Eurozone states. The demand was sufficient enough to ease concerns that Eurozone states would struggle to raise funds on the international markets.
As a result the Euro appreciated against the US Dollar pushing EURUSD through 1.30, and EURGBP through 0.84p. This [...]
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