Euro news:
In very volatile trading the euro is marching forward today, most notably against the Greenback, as news of a bailout and strict fiscal tightening from Greece appears to have had had the desired effect in calming the markets, for the time being.
The Euro has pushed through the $1.33 level and it appears to be
Euro news:
The situation is still very much unclear as to how the Greeks are going to deal with their finances. What is clear is that the market has now lost all faith in Greek paper. Midday yesterday highlighted that the costs of insuring Greek debt was the highest in the world, even higher than Venezuela,
Euro news:
The big news was of course the down grade of Greece. Their credit rating is now at junk status and the downgrade of Portugal will have done the eurozone no favours. These announcements lead to some very choppy trading as immediate results saw the euro take a dive in the currency markets. However, the
Pound:
It would appear that the markets are not all that bothered about a hung parliament and as such Sterling is making positive gains against the euro and Greenback. The battle for strength is somewhat uphill as a number of resistance levels sees Sterling trade within ranges right now.
Yesterday was a strong day vs the euro,
Pound:
All eyes on the election as crunch time gets ever closer. One thing is for sure in that the threat of a hung parliament is very much still on. One thing that is not so clear is what effect it will have. The first school of thought suggests that a hung parliament will cause Sterling
Euro:
The euro is now under a lot of pressure from all angles as it dropped against 14 out of 16 of its major trading pairs. “There are a number of countries who could easily go down the same path, and the ability for Europe to bail out all of those economies is, I would imagine,
Pound:
Much has been made of the threat of a hung parliament and in recent weeks it has been the cause of Sterling weakness. Conversely, this goes against Sterling movements over the last few days. Sterling has not made significant one day gains but it has consistently moved higher against both the euro and the US
Against the dollar Sterling remained range bound, dipping momentarily to 1.5289 then recovering to 1.5403 before settling around the 1.5340/50 level for the afternoon session. The morning session saw a strong start for Sterling after better than expected figures showed inflation had passed the 3.0% level reaching 3.4%. This fuelled speculation that the BoE may
Read More.......Euro:
In an already fragile state, the eurozone economy has greatly suffered as a result of this ash cloud. Such is the importance of travel that many businesses have suffered, most notably the airlines with many analysts suggesting loses of up €300million a day as planes are grounded. “This is an unprecedented situation that is
Pound:
Sterling is down against both the euro and dollar as the one possible obstacle to Sterling growth is back at the forefront of investor concern, namely the threat of a hung parliament. Last week saw the Conservatives edge out in front, however, a recent poll now shows that no party holds the majority lead.
Yougov poll:
Lib