Euro Pounds Daily brief January 2007

For Today's exchange rates Click the following link:
 

Euro Pounds Home

1. Unbeatable exchange rates On Euros pounds Transactions 2. No commissions 3. FREE transfers over £5,000 4. Guaranteed secure transactions 5. Same day swift clearing of funds 6. Your personal senior FX broker

Euro Pounds Brief Wednesday 31th January 2007

• Today is a very big day for announcements. Among the critical stimuli of the day are the conclusion of the FOMC's policy deliberations,
• The FX market lightened positions Tuesday with upcoming Federal Reserve decision and key U.S. data releases out later in the week
• 22 primary dealers show end of year Fed fund rates ranging from 3.50%-3.75% to 5.75%-6.0% evenly split between modest rate cuts or modest rate hikes.
• US GDP is forecast to rise at an annual rate close to 3% in Q4

Euro Pounds Brief Tuesday 30th January 2007

• UK house prices rose at the slowest pace in eight months
• The USD is a tad lower ahead of the start of the 2-day FOMC. The FOMC meeting will dominate market sentiment in the coming days!
• UK mortgage borrowing and new mortgage approvals rose in November  to their highest level in nearly three years. Borrowing reached £9.8bn
• Recent rate hikes are beginning to bite and could add to dovish rate expectations

Euro Pounds Brief Monday 29th January 2007

• Higher Borrowing Costs Hit Commercial Property Boom (FT)
• BoE's Blanchflower (MPC) Said He Was "As Hawkish As Anyone" On Inflation
• BoJ Made Right Choice To Delay Rate Increase, Nakagawa Said
• Trichet said ECB that it must monitor all economic trends closely
• Oil prices were higher in Asian trading hours

Euro Pounds Brief Friday 26th January 2007

• Carry trades dominate the market
• Sterling spikes on growth
• Japan posts gains after carry trade unwinds; inflation low
• Fed still wary on inflation and ‘overheated’ economy
• Kiwi consolidates following rally
• Oil stabilises following an action-packed week

Euro Pounds Brief Wednesday 24th January 2007

• Sterling sharply down after BoE’s King speech
• King hints at end to rate rise
• Yesterday pound hits 14-year high versus the dollar
• BoE January minutes due today
• The euro advances on Japan rate differential
• Oil jumps on cold weather and US stockpile rumours
 

Euro Pounds Brief Tuesday 23rd January 2007
• Sterling ploughs ahead on UK housing data
• BoE officials continue to warn on inflation
• ECB members continue hawkish tone
• Fed officials keep market on its toes
• UK Industry expected to suffer from rising pound
• Oil continues to hold on cold weather in US

Euro Pounds Brief Monday 22nd January 2007

• UK House Prices rise to record
• UK press talks down inflation
• Fed officials bullish on economy; warn on inflation risks
• Yen still at lows after BoJ rate decision
• ECB remains hawkish on policy; wage related inflation risk
• Oil bounces on US cold snap and bargain-hunting

Euro Pounds Brief Wednesday 18th January 2007

• Japan opts to keep rates on hold
• Sterling continues to climb; this time on employment data
• US economy growing at subdued rate; inflation still a worry
• US Inflation data due today
• Germany flooded by non-Euro currencies-Telegraph
• Oil firms after cold snap across the US

Euro Pounds Brief Tuesday 17th January 2007

• UK Inflation hits 10-year high
• Interest rates may rise again next month
• German inflation increases to 1.7%
• US manufacturing data falls
• Mixed reports over Japan’s interest rate movements
• Oil continues to fall on Saudi Arabian comments
 

Euro Pounds Brief Tuesday 16th January 2007

• UK awaits CPI data; expected high
• UK RICS House Price Index falls to four month low
• UK banks withdraw fixed-rate mortgages
• 80% chance of Japanese rate hike
• New Zealand business confidence jumps
• Oil falls as flowers blossom in New York in January

Euro Pounds Brief Monday 15th January 2007

• Sterling continues to strengthen on rate hike
• Weekend press blames inflation; more hikes anticipated
• US Retail sales firmer in holiday season
• The euro displaces the dollar in bond markets
• US holiday celebrating Martin Luther King Day
• Oil off lows as OPEC threaten production cuts
 

Euro Pounds Brief Friday 12th January 2007

• BoE shock markets and raise rates to 5.25%
• Inflation, house prices and debt market cited
• The pound flies on the back of rate move
• ECB keep rates on hold; no clear signals for next move
• Quiet day in the US as bond selling dominates
• Oil on lows; OPEC concerned over 15% slide this year

Euro Pounds Brief Thursday 11th January 2007

• US dollar gains on trade gap and hawkish Fed
• Bank of England set to keep rates on hold today
• ECB rate decision; markets look for clues
• UK homebuyers facing uphill struggle for first time buy
• Japanese rate hike sentiment subside
• Oil continues freefall
 

Euro Pounds Brief Wednesday 10th January 2007

• US dollar benefits from weakening oil price
• UK consumer confidence falls to two year low
• ECB’s Trichet may surprise investors
• Japanese rate hike fears subside
• US housing slowdown may spread to Europe/UK
• Oil falls to 18-month lows on mild weather
 

Euro Pounds Brief Tuesday 9th January 2007

• US dollar slips despite Fed bullishness
• German trade surplus widens
• British pound advances ahead of MPC decision
• British retails sales dispel growth fears
• Australian retail sales lower than expected
• Oil slips again on warm weather

Euro Pounds Brief Monday 8th January 2007

• US dollar jumps on Non-Farm Payrolls
• German retail sales drop towards the end of 2006
• Bank of England set to keep rates on hold this week
• Worries of US slowdown feeding through to global markets
• Gold rebounds on buying after tumble on Friday
• Oil jumps on OPEC; away from lows

Euro Pounds Brief Friday 5th January 2007
 

Euro Pounds Brief Thursday 4th January 2007

Euro Pounds Brief Wednesday 3rd January 2007

• Sterling drops vs euro on manufacturing data
• Eurozone boom showing signs of flagging
• US awaits Fed’s minutes
• Gold soars as ECB member bank turns buyer
• Commodity currencies strengthen on gold spike
• Oil still sub$61 on US mild weather

Euro Pounds Brief Friday 2nd January 2007

• US markets closed in Day of Mourning
• Euro starts 2007 on the front foot
• ECB’s Liikanen sees rates higher in 2007
• Dollar suffers in thin trade; Asian markets closed
• UK house prices most ‘overvalued for 15 years’
• Oil falls; mild US weather cited