Archive for the ‘Currency News’ Category
UK Inflation Falls and Takes Pound With it
Posted in Currency News Currency Updates by mporter
As expected this morning UK inflation figures fell, even lower than what the markets had been expecting. UK Consumer Price Index fell to 2.4%, down from 2.8% the previous month and below market expectations of 2.6%. UK Core Consumer price index was also down 40 basis points to 2.0%, recording a figure below market expectations [...]
ECB Cuts Interest Rate
As expected, Mario Draghi has just confirmed that ECB interest rates will be cut from 0.75% to 0.5%. As a result of poor economic growth, lingering recession, record high unemployment rates and recent poor inflation figures, the ECB has finally decided that an interest rate cut is necessary in order to help encourage growth in [...]
When Will It End?
Surprisingly there is a reasonable amount of economic data due out today despite it being a bank holiday in many European countries. Inevitably this has turned the focus to the UK and US where we will see PMI figures from both sides of the pond today, as well as an interest rate decision and a [...]
To Triple Dip, or Not to Triple Dip
Movements in Sterling have been relatively restrained this week, with little economic data having been released attention is being focussed on GDP figures due out in the UK and the US at the end of the week. Market expectations are for a 0.1% increase in UK GDP when the figures are released tomorrow morning, [...]
Euro Zone Inflates as Does the Euro
Posted in Currency News Currency Updates by mporter
Today is a day of inflation figures as UK, Euro Zone and US Consumer Price Index data is set to be released. So far today we have seen figures released confirming that UK inflation remains above the Bank of England’s target of 2%, with UK Consumer Price Index figures remaining unchanged at 2.8%. Euro Zone [...]
Currency Matters
Posted in Currency News Currency Updates by mporter
Yesterday saw substantial volatility within the markets courtesy of mixed PMI figures released in Europe and a tacit message from Mario Draghi suggesting that the European recovery will take longer than expected. Whilst the BOE’s decision to maintain interest rates and quantitative easing levels at their current level had little impact upon the markets, [...]
Cyprus Bailout
Not so much ‘good news and bad news’ for Cyprus this morning, rather ‘bad news and worse news’. Whilst on the face of it the 10 billion euro bailout, agreed by the Troika late last night to help save the fledging Cypriot economy, has helped reduce uncertainty within the Euro Zone as evidenced by market [...]
Pound Punished by PMI
The wait goes on. The wait for positive data concerning the UK economy that is. Whilst it is to be expected that data releases concerning a country’s economic performance will naturally vary from week to week, and month to month, it is far from the ordinary for a country, and in this case the UK, [...]
Sterling on Life Support
Posted in Currency News Currency Updates by mporter
Having dropped over 6% since the turn of the year against the Euro and the Dollar, Sterling has finally began to level off, at least for the time being, and has been trading relatively sideways for the past few days. After what had seemed to be an unrestricted collapse since January, Silvio Berlusconi came to [...]
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