Euro news:
The euro is trading flat against the Pound but over the last two months this has been of little surprise as GBP/EUR trades around €1.20 briefly testing €1.21 whilst on occasion dipping to €1.19. Today is no different as Sterling holds the €1.2080 level. Overnight the euro did slip to €1.2115 but the relative
Euro news:
As previously mentioned the euro has been ticking lower over the last 5 days against the U.S dollar as fears of a double dip recession gives the single currency a sell bias. However, a research note from BNP Paribas has suggested that having held above $1.2734, a major support level, the currency could bounce
Euro news:
The Euro remains weaker against the pound amongst ongoing concerns with economies in the Euro zone, even though German GDP data was much stronger than expected on Friday. This is a bad sign for the Euro which is still viewed upon as a risky bet for investors.
The Euro looks particularly vulnerable against the US
US Dollar news:
The USD is trading lower this morning against the pound and flat against the Euro as concerns surrounding the US economy intensify. Unemployment figures released yesterday highlighted a slight rise in the number of newly unemployed in the US, initial claims was forecast at 465k but came in at 484k.
The telegraph newspaper reported
Pound news:
Previous trading history showed that as Sterling moved ahead on the dollar it failed to push higher on the euro, Sterling being held to €1.19 levels for quite a long period. However, as risk aversion gripped the market traders picked up Sterling in favour of the euro taking the price higher to €1.2141. This
Pound news:
Sterling took heavy losses against the dollar prior to the FOMC meeting in America as it was generally thought that the Fed will not implement further monetary easing despite a slowdown. This sentiment took Sterling over a percent lower in yesterday’s trading dipping to $1.5720, however despite still trading in the negative, -0.36%, Sterling
Pound news:
The Pound is very much on the back foot after RICS House Price data came in much weaker than forecast. Expectations of 5% growth were met by a -8% figure which put a serious dent in any upbeat sentiment surrounding the Pound. This data was released at one minute past midnight today so the
US Dollar news:
Friday was a significant day for the U.S as non-farm payroll data was disappointing. The markets are now taking quite a negative view on things and are now expecting more quantitative easing from the Federal Reserve. This comes in stark contrast to speculation a couple of months ago that rates were to rise
Eurozone news:
After the comments of Jean-Claude Trichet the euro recovered any lost ground yesterday to re-test highs of the week. Greece is still the yard stick for euro zone problems and Trichet’s comment “we do not see another recession for Greece” would have done the single currency a world of good. Next on the market
US Dollar news:
The Dollar finds itself broadly stronger this morning despite the weak data from yesterday. Home sales, personal spending and personal income were all to the downside but even so the dollar has clawed back some lost ground against both the euro and the Pound. The dollar strength has come off the back of