FCF

Sterling rose against the euro during Asian trade; this move is still continuing this morning helped by an improvement in UK consumer sentiment. Sterling has fallen versus the dollar in trade dominated by month-end fixings and nerves around [...]

The currency markets remain range-bound from yesterday with very little data of note on the agenda this might well be the case for today. Traders still remain positive on the pound and their models are starting to highlight underlying strength [...]

Monetary policy committee member Adam Posen has thrown a spanner in the works this morning after the Pound strengthened across the board yesterday by saying Britain’s fledgling economic recovery is not fuelling a surge in inflation and [...]

The pound has been sold off during overnight trade after the austerity measures announced yesterday coupled with the bank of England minutes combined to paint a picture of an economy in disarray. Evidence of a weakening UK economy came in the [...]

Minutes of the last MPC meeting showed this morning that there was indeed a 3 way split at their last meeting with Posen voting for additional easing, Sentence for raising interest rates and the rest voting for keeping it all unchanged. The [...]

The government will announce its comprehensive spending review on Wednesday and many analysts believe this will go hand in hand with additional monetary easing to offset the adverse impact of fiscal tightening. BoE meeting minutes also due for [...]

The U.S. dollar is lower again because of expectations the Federal Reserve will start buying government bonds to try to stimulate their more than sluggish economy. Inflation is still at very low levels and no-one wants to hold the Dollar right [...]

The Pound jumped to an eight-month high against the dollar during Asian trade as hefty selling pressure on the greenback due to additional monetary easing was exacerbated by Singapore widening the trading band of the Singapore dollar. The pound [...]

The FOMC minutes yesterday have helped to push the Dollar lower across the board. There is nothing left to stand in their way now with inflation close to 0% and the overall economy stagnant it seems the only avenue of escape for the largest [...]

The euro has fallen to a one-week low versus a broadly firmer U.S. dollar this morning, as traders cut back on speculative short positions in the greenback ahead of the release of latest FOMC minutes later today. The euro fell back to $1.3786 [...]