FCF

The pound has found support this morning due to a higher than expected UK mortgage approvals in July. The Bank of England said mortgage approvals numbered 48,722 in July, up from an upwardly revised 48,562 in June. Analysts had forecast a [...]

Sterling rose against the dollar yesterday as a bounce in global stock markets prompted investors to drop positions in safe havens like the yen and U.S. dollar. UK retail sales survey helped sterling to bounce higher but the mood still remains [...]

The currency markets have moved sideways for most of trading yesterday. American durable goods orders were very disappointing coming in way below expected figures. This could easily be another sign that the biggest economy in the world is [...]

Sterling has hit a one month low against the Dollar today as comments from a Bank of England policymaker that Britain faces the risk of sliding into a double dip recession. “Weale’s comments were not too surprising, but it helped [...]

Euro zone consumer confidence showed a slight improvement in August, figures from the European Commission showed on yesterday, although longer term prospects for the region’s growth remain uncertain coupled with loose monetary policy [...]

Pound rises to it’s highest rate in 6 months against a basket of currencies, Australian elections are uncertain, risk aversion still dominates the markets, Euro looks shaky, Canadian economy shows signs of faltering. The Australian dollar [...]

Factory activity in the U.S. unexpectedly contracted in August to its lowest level in more than a year, a survey showed yesterday, heightening worries over the sustainability of the economic recovery. The Philadelphia Federal Reserve Bank said [...]

The Euro surrendered early gains yesterday and fell against the dollar during a day of technical trading after again failing to hold above a key psychological level. The market was mostly range bound with no major breakouts from any currency [...]

Sterling fell against the euro on Tuesday as the single currency was bolstered by solid demand in the Irish and Greek bond market, the pound was about the only currency that actually managed to drop against the Dollar as renewed risk appetite [...]

Risk aversion continues to dominate the markets and the usual flux of money into fixed income bonds has continued with bond prices coming up sharply this month both in America, Europe and the UK. Inflation data this morning showed that UK inflation [...]