The Bank of England’s Monetary Policy Committee announced today that they will be maintaining their current ultra-low interest rate of 0.50% through May and the Quantitative Easing target will remain at £325 billion. The decision should help the Pound to hold onto its recent gains in the currency exchange markets. The Pound to Euro exchange [...]
Read the rest of this entry »Archive for the ‘Currency Advice’ Category
Why the Bank of England left the Interest Rate and Quantitative Easing target unchanged
Thursday, May 10th, 2012Greek Elections 2012: Neo-Nazi’s Golden Dawn win 21 seats in parliament after threatening to kill a Greek journalist and lace the Turkish border with landmines
Tuesday, May 8th, 2012Extremist Right-wing party Golden Dawn won 6.9% of the vote in 2012 trumping their previous score of 0.23% Members frequently use the Nazi salute and their badge is an altered form of the Nazi swastika Leader Nikolaos Mihaloliakos aims to rid Greece of all illegal immigrants Threatened to kill a Greek journalist who spoke out [...]
Read the rest of this entry »How Hollande shook Sarkozy up and took another step towards winning the French Presidential Election
Thursday, May 3rd, 2012[View the story "How Hollande shook Sarkozy up and took another step towards winning the French Presidential Election" on Storify] How Hollande shook Sarkozy up and took another step towards winning the French Presidential Election French Presidential Election: Le Grand Débat 2012. Does the elysee await Francois Hollande? Storified by Josh Ferry Woodard · Thu, [...]
Read the rest of this entry »Why the German-led Eurozone shares similarities with the Nazi empire of the Great Depression
Wednesday, May 2nd, 2012The nine month contraction in Eurozone Manufacturing PMI continued in April with a drop to 45.9 – a 34-month low and well below the 50.0 level that separates growth from shrinkage. Manufacturing PMI’s fell across the Eurozone with the core economies of Germany and France even posting weak results. Unemployment across the 17-nation bloc also [...]
Read the rest of this entry »A week in the life of the Pound to US Dollar exchange rate
Wednesday, May 2nd, 2012[View the story "A week in the life of the Pound to US Dollar exchange rate" on Storify] A week in the life of the Pound to US Dollar exchange rate The Pound rallied to its highest level in 7-months against the US Dollar on Monday. However, poor UK Manufacturing PMI data released on Tuesday [...]
Read the rest of this entry »Doom and Gloom in the World Economy – The week of April 23rd-27th 2012
Friday, April 27th, 2012In recent times business headlines have been dominated by distress, chaos, and disaster. Terms such as ‘Eurozone debt crisis’, ‘Financial Meltdown’, and ‘Global Financial Crisis Two’ – yes we are currently playing out the sequel to an earlier crises – have become commonplace: ten a penny: staple expressions to describe the current economic climate. “After [...]
Read the rest of this entry »Sterling to Euro Exchange Rate and Pound to US Dollar Exchange Rate Reach New 2012 Highs
Friday, April 27th, 2012The Sterling to Euro exchange rate reached 1.2293 overnight. And the Pound to US Dollar exchange rate reached 1.6235 overnight. Sterling managed to force the Euro exchange rate up even higher last night, and the elusive 1.2300 was almost breached. The Pound also stretched the upper limit of the GBP/USD exchange rate a little [...]
Read the rest of this entry »European Leaders Finally Turn to Growth as Austerity Measures Prove Crippling
Thursday, April 26th, 2012Italian Prime Minister Mario Monti joined the European Central Bank in a call to arms aimed at promoting growth in order to kick-start a revival movement in the Eurozone. EU leaders have woken up to the fact that budget savings alone are prolonging the agony as the devastating sovereign debt crisis rumbles on and on. [...]
Read the rest of this entry »UK Economy falls into double-dip recession during the beginning of 2012 | Strong Sterling currency forecasts put on hold | Pound exchange rate slides back down
Wednesday, April 25th, 2012Following the news that the UK economy contracted by -0.2% in the first 3 months of 2012, strong Sterling currency forecasts were halted and the Pound lost out to its major rivals, as investors were spooked by the headline of a double-dip recession – something not seen since the 1970’s. The Pound to Euro exchange [...]
Read the rest of this entry »Sterling Exchange Rate Forecasts Boosted By Strong Retail Sales
Friday, April 20th, 2012Strong Retail Sales figures have helped Sterling in its ascendency this week. UK Retail sales grew by the most in over a year in March as the unusually warm weather boosted clothing and gardening sales. The oil price hikes that gave rise to a series of petrol panic buys also contributed to the marked increase. [...]
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