Posts Tagged ‘Eurozone’
Currency Matters
Posted in Currency News Currency Updates by mporter
The Pound has fallen today 23/03 following the release of minutes from the Bank of England showing that no further Monetary Policy Committee (MPC) members shifted to the rate hike camp at the March meeting of the MPC. Despite the higher than expected inflation reading released yesterday, there is still some uncertainty surrounding how quickly the [...]
Sterling
Posted in Currency News Currency Updates by mporter
This week we have seen the Pound fall further against the Euro as the probability of further Quantitative Easing (QE) from the Bank of England increased. Earlier in the week Mr Posen a member of the Bank’s Monetary Policy Committee (MPC) became the first member of the MPC to openly call for further QE since [...]
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 [...]
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, [...]
Currency Update – Sterling pressured
Posted in Currency News Currency Updates by mporter
Sterling has started March under significant pressure. Monday morning saw a dramatic fall in the value of Sterling with the Pound falling as low as 1.0930 against the Euro and 1.4780 against the US Dollar. There are currently a number of factors contributing to Sterling’s sharp fall in value.
Firstly, the latest opinion polls are suggesting [...]
Currency News
Posted in Currency News Currency Updates by mporter
Last week the currency markets were firmly focused on the Euro with the fiscal problems of Greece and also Spain and Portugal taking the headlines. Speculation built throughout the week that the other European Monetary Union states, led by Germany, would come to Greece’s aid. However, markets were clearly disappointed that whilst a rescue package [...]
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