The Pound gained over 1% against the US Dollar, the Japanese Yen and the New...
Monthly Archives: January 2011
Shock Reduction to Japan’s Credit Rating Hits the Yen
Standard & Poor’s reduced the Japanese credit rating from AAA to AA-, a drop of...
Second MPC Member Votes to Increase UK Interest Rates
Sterling rallied slightly from Tuesday’s heavy losses, after the minutes from the Bank of England’s...
Sterling Plummets as the UK Economy Shrinks by 0.5%
The Pound suffered heavy losses today as the Office of National Statistics (ONS) reported that...
Rumours of a Solution to the Euro Crisis Helps the Single Currency. A Look at the Week Ahead…
Higher than expected inflation drove Sterling higher at the beginning of last week, and it...
Profit Taking Hits Sterling and Commodity Currencies Fall as China is Expected to Tighten Monetary Policy
The Pound’s recent rally against the Euro and US Dollar came away somewhat today. Profit...
Sterling Rises as RPI Beats All Expectations
The Pound rose this morning against all other currencies as the Retail Price Index (RPI)...
Strong Gains by the Euro. A Look at the Week Ahead…
The Euro made strong gains on Thursday afternoon and on Friday as the president of...
Euro Steadies as Portuguese Debt Auction is Broadly Successful
The Portuguese debt auction went without event yesterday. Portuguese debt was in demand which slightly...
Sterling hits 1.20 against the Euro. A look at the week ahead…
Last week was a very interesting week on the currency markets. The pound performed very...