Tag Archives: currencies

Sterling Slides

Posted on August 21, 2009 by admin

The pound remains weak this morning as markets digest news of a record budget deficit in the UK. The euro continues to rally following positive PMIs for the manufacturing and service sectors and the Canadian dollar was boosted yesterday by a recommendation to buy from Goldman Sachs. Continue reading →

Posted in Currency News, Euros, Financial News, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , | Leave a comment

Interest Rates on hold

Posted on July 10, 2009 by admin

The Bank of England has voted to leave interest rates on hold and decided against expanding its quantitative easing programme, despite the downbeat outlook for the UK economy. Currency rates for the euro are stronger on the back of positive German economic data while the US dollar and yen have slipped following a small rise in risk appetite in the market.
Continue reading →

Posted in Company News, Euros, Financial News, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

US unemployment hits 26-year high

Posted on May 11, 2009 by admin

The US unemployment rate has hit a 26-year high as the labour market shed 539,000 non-farm jobs in April. However despite the record figure, the upward trend in currency exchange rates and equity markets has continued with the pound and…

Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , | Leave a comment

Euro at 5 week low

Posted on April 21, 2009 by admin

The euro is sitting at a 5 week low against the US dollar this morning as the single currency continues to be plagued by uncertainty surrounding ECB strategy. Larger than expected credit write downs at Bank of America yesterday reignited…

Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Euro hits one-month low against dollar

Posted on April 20, 2009 by admin

The CBI has predicted the UK economy will contract by 3.9% in 2009, more than twice the amount predicted by Alistair Darling late last year. The euro has reached a one month low against the dollar amid concerns that the…

Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , | Leave a comment

Sterling gains on Euro

Posted on April 17, 2009 by admin

Better than expected jobless data in the US yesterday bolstered investor hopes of a tentative stability in the world’s largest economy. While economic data continues to be mixed, there is growing evidence the rate of decline is slowing in the…

Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

UBS to cut 8,700 jobs

Posted on April 15, 2009 by admin

Switzerland’s biggest bank, UBS, has said it will seek to cut costs by shedding 8,700 jobs by 2010. The news came as the bank announced it had lost about 2bn Swiss francs in the first three months of 2009. UBS…

Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Cut in VAT ‘boosts retail sales’

Posted on April 14, 2009 by admin

The government’s much-criticised cut in VAT is working and has led to a big boost in consumer spending, according to The Centre for Economics and Business Research. CEBR says that the cut, which took effect on 1 December 2008, has…

Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling | Tagged , , , , , , , , , , , , , | Leave a comment

World leaders agree trillion dollar aid deal

Posted on April 3, 2009 by admin

World leaders yesterday agreed on a $1.1 trillion injection of financial aid into the global economy, with Gordon Brown claiming that the grand bargain he had brokered represented “a coming together of the world” which would speed recovery from the…

Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , , , , | Leave a comment