UK GDP Increases in Third-Quarter
UK economic data released today from the Office for National Statistics shows that the economy grew faster in the 3rd Quarter than was originally thought. Strong services and construction output caused a 0.6% increase in GDP on the quarter – [...]
Pound to Euro Exchange Rate Reaches 1.200
Yesterday Moody’s credit rating agency added the UK to its long list of sovereigns on downgrade warning. They cited Britain’s ties with the Eurozone as the reason, stating that if the 17-nation bloc flares up the UK will not have the capacity [...]
US Dollar Exchange Rate Benefits Most From Lacklustre EU Treaty
Despite the Pound’s sterling performance against the Euro this week it has undertaken a steady decline against the US Dollar. The pair is currently trading at 1.552, with the Dollar benefitting primarily from strong currents of risk aversion [...]
The Pound Beats 9-Month Highs vs. the Euro exchange rate
The Pound has continued its surge against the Euro today and is currently trading above 9-month highs at 1.191. Markets are punishing the Eurozone for its lacklustre EU Summit measures, the talks in Brussels were billed as crucial for European [...]
US Economy Grows Despite Global Crisis
Yesterday markets effectively rejected the Euro following Friday’s EU summit; funds flew in abundance towards the US, UK and Japan; risk correlated assets suffered wounds of up-to-and-over 1%. In terms of the Euro, little is likely to change [...]
Britain Veto EU Summit Lisbon Treaty Changes
The EU summit in Brussels is taking centre stage today as the heads of states try to agree on a resuscitation plan that involves closer-knit fiscal union. The main policy changes include a permanent bailout fund, the European Stability Mechanism, [...]
US Dollar Exchange Rate Looks to Benefit from EU Troubles
The Pound is resting at a relatively unsettled 1.561 against the US Dollar, with daily lows of 1.559 and daily highs of 1.563. All eyes have once again been on Europe this week, with French President Nicolas Sarkozy and German Chancellor Angela [...]
Central Banks Pave the Way to Short term Pound Revival vs The US Dollar
The Pound is trading at 1.573 today against the Dollar following yesterday’s coordinated action from the US Federal Reserve, Bank of Canada, Bank of England, Bank of Japan, ECB and Swiss National Bank to improve liquidity for banks. The 6 [...]
