Euro Pounds Daily brief February 2007

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Thursday 30/11/2006
Another strong day in the UK market as concerns over the future of the dollar sent the pound higher

Wednesday 29/11/2006
Apart from the obvious strength over the greenback the pound had a quiet day yesterday.

Tuesday 28/11/2006
Rachel Lomax, who this month voted to keep UK rates on hold reiterated concerns that the UK economy is not overheating

Monday 27/11/2006
UK Hometrack house prices rose to 5.3% (year on year), the largest number since August 2004

Friday 24/11/2006
As expected a fairly benign day in the sterling market thanks to the US Thanksgiving holiday.

Thursday 23/11/2006
The Bank of England yesterday released the minutes from the November rate setting meeting surprising markets slightly with a 7-2 vote in favour of a rate hike

Wednesday 22/11/2006
A benign day yesterday with little data to drive the markets.

Tuesdays 21/11/2006
Sterling had a fairly quiet day on the forex markets yesterday as no data was released to add any spice

Monday 20/11/2006
After a fairly bullish day on Friday, today sees the release of public finance and BBA mortgage lending figures.

Friday 17/11/2006
Sterling clawed back some of the losses against the euro yesterday as the euro-dollar cross was heavily sold on the euro side on the back of US strength.

Thursday 16/11/2006
Sterling hits 6-week low against the euro as analysts took on board the dovish comments of the Quarterly Inflation Report

Wednesday 15/11/2006
The French PM Dominique de Villepin sparked a fall in the Euro against the dollar yesterday

Tuesday 14/11/2006
This morning (0930 GMT) sees the release of the inflation figure for October as well as the retail price index.

Monday 13/11/2006
The Bank of England release their quarterly Inflation report on Wednesday and, despite the sharp pullback in energy prices

Friday 10/11/2006
The Bank of England’s Monetary Policy Committee lifted the cost of borrowing to 5.0% yesterday as the market anticipated

Thursday 9/11/2006
The Bank of England’s Monetary Policy Committee announce the interest rate decision for November at noon today.

Wednesday 8/11/2006|
Sterling continues to look strong ahead of tomorrow’s Bank of England interest rate meeting where analysts are expecting a 0.25% rate hike

Tuesday 7/11/2006
Investors are still looking for the Bank of England to raise rates to 5.0% on Thursday.

Euro Pounds Daily Brief – 6/11/2006
Wall Street finished the week under pressure, as a spike in the price of oil

Euro Pounds Daily Brief Friday – 03/11/2006
New York stocks extended their recent poor run after further weak economic data

VFX – Daily Brief Thursday  02/11/2006
Wall Street closed lower as the latest batch of economic data revealed manufacturing growth was at its slowest

VFX – Daily Brief Wednesday  01/11/2006
Money supply on a global basis is growing quite rapidly as is overall credit growth, says Drayson, a former U.K. Treasury economist.