Euro Comes Under Selling Pressure Due To Increasing Debt Problems
Sterling reached a two month high against the Euro yesterday after the Euro fell on Greece’s debt worries. The Euro fell heavily on concerns that euro zone debt problems are spiralling out of control and when news arose of a ratings downgrade [...]
Inflation rose to 4.5% putting Sterling under pressure
Yesterday saw the release of the UK consumer prices index (CPI) which showed inflation rose 4.5%, up from 4% in March. It still shows that the inflation is driven by external pressures such as fuel costs. The retail prices index (RPI) which [...]
Sterling Up On Inflation, Interest Rate Rises Are Still A Concern
Sterling lost ground against the Euro and the US Dollar yesterday due to a decrease in risk appetite and further expectations that the anaemic UK recovery would make sure interest rate rises are behind the rising rates in the euro zone.
Some [...]
Sterling Down on Poor Production Data
The Pound fell to a 3 week low against the US Dollar yesterday following the release of the UK’s industrial production data. Figures showed a decline of 0.5% from the expected 0.8% which heightened expectations that a slow economic recovery [...]
Sterling under selling pressure following weak data.
The UK Manufacturing Purchasing Managers Index fell to 54.6 – far less than the market expected. This still represents growth (anything above 50 shows expansion) however very weak growth. This has had a large affect on Sterling as the [...]
Euro Declines on Trichet’s Dovish Interest Rate View
At 12:45 GMT+1 Thursday the ECB held off another interest rate rise and left the current rate unchanged at 1.25%. Following the decision Jean-Claude Trichet made some slightly disheartening announcements in the press conference. The market’s [...]
Sterling Gains on Dollar as Fed Adopts Dovish Stance on Interest Rates
On Wednesday night the Federal Reserve announced that it would be maintaining its relaxed stance on interest rates. The US Dollar fell sharply against a basket of currencies which in turn saw the Euro rally to a 17 month high of $1.4881. Sterling [...]
