The key market driver is the Greek austerity measures
The key driver for the markets this week is the Greek austerity measures. As the Greek parliament debate the proposed measures later today PM George Papandreou has said that only his 28bn-euro (£25bn) austerity plan will get Greece back on [...]
UK data remains weak
The Consumer Price Index remained unchanged for the month of May at 4.5%, however it is expected that inflation could spike up in August as the increase in domestic fuel bills take effect.
The UK housing market remains under pressure with the [...]
Sterling Up Against Euro After Negativity From Trichet
The Pound managed to bounce back against the Euro on Thursday afternoon when Jean-Claude Trichet failed to comment on how the ECB would be raising rates in the coming months after the widely expected increase next month. Trichet used key wording [...]
Threat to UK AAA rating
UK retail sales fell in May as consumers demonstrated their nervousness about the future. The British Retail Consortium said that the figures dropped by 2.1% compared with May 2010.
Chancellor George Osborne said “I welcome the IMF’s [...]
IMF Report Gives UK Little Support
We start the day with the pound once again on the back foot versus the euro after it fell to a one-month low against the euro on Monday as favourable rate differentials boosted the single currency and an International Monetary Fund report raised [...]
Sterling Prepares for Difficult Week
Following last week’s poor showing for sterling, this week starts with a hopeful outlook on the state of the UK economy, but the hovering vultures of economic woe are still ever-present.
Sterling tumbled to a four-week low against the [...]
Sterling Hits 4-Week Low Against Euro
Sterling fell against the Euro on Wednesday following the release of the CIPS manufacturing PMI data at 09:28 GMT+1. The PMI index fell to 52.1 from an already unimpressive figure of 54.4 in April, this bolstered views that the struggling [...]
