FCF

Best German growth figures since the fall of the Berlin Wall. - German growth rises by 2.2% against 1.3% predicted. - Sterling bounces on more positive picture - Euro finds support - Safe haven currencies lose some of their luster - Oil prices [...]

Stock markets plunged yesterday after global growth prospects were downgraded, investors flocked to the ‘safe haven’ currencies and the Dollar gained 3 cents against the Euro and another 3 cents against the pound. Interestingly the Dollar [...]

Manufacturing production posted lower than expected this morning coming in at 0.3% growth rather then the 0.4% expected growth during July. This could be attributed to seasonal demand but it has dropped sterling lower this morning already. [...]

The Royal bank of Australia held their interest rates last night amid speculation that they might raise again due to higher than expected inflation data. The move to hold interest rates was largely anticipated and didn’t affect the prospect [...]

Record bank profits have helped to spur the pound onto a multi month high against the Dollar and a 5 week high against the Euro. The markets might see further consolidation in the lead up to the bank of England’s meeting this week where Mervyn [...]