Tag Archives: World economy

Euro Rally Continues

Posted on August 27, 2009 by admin

The single currency has extended its rally against the pound this morning, gaining support from the release of the German consumer price index and consumer confidence figures. International risk appetite took a hit yesterday as US durable goods orders came in more modest than expected, and currency exchange rates for the yen strengthened in the run up to Japan’s general election. Continue reading →

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

Euro Confidence Rises

Posted on August 26, 2009 by admin

This morning’s figures show the German business climate and expectations rose in August, sparking further gains for the euro which has strengthened against its major currency partners. Sterling sentiment remains weak, putting pressure on currency rates for the pound, while Japanese export levels have fallen for the tenth straight month.
Continue reading →

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

Sterling spikes against Dollar

Posted on August 5, 2009 by admin

Sterling foreign exchange rates have risen sharply against the US dollar this morning in response to figures showing the service sector expanded in July. Employment figures and factory orders due in the US today could cause currency volatility while Bank of England and ECB interest rate decisions due tomorrow.
Continue reading →

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

Sterling Recovers

Posted on July 23, 2009 by admin

Sterling and euro exchange rates have trimmed losses against the US dollar this morning as rising retail sales in the UK and profits at Credit Suisse supported the currencies. US equity markets remain relatively quiet as investors digest news from…

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

Unemployment Rises

Posted on July 15, 2009 by admin

The UK unemployment rate has posted its largest quarterly increase, climbing to 7.6% in the three months to May. Consumer prices have fallen in the eurozone for the first time and international foreign exchange rates are likely to be subject to movements in US markets today, with consumer inflation, industrial production and the FOMC minutes due. Continue reading →

Posted in Euros, Special Currency Offers, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , | Leave a comment

Eurozone contracts

Posted on July 8, 2009 by admin

GDP for the first quarter has contracted -2.5% in the eurozone, a figure in line with market expectations and one that takes the annual rate of decline to -4.9%. Exchange rates for many of the high yielding currencies are lower this morning, particularly the pound which is under pressure in anticipation of trade balance figures and the MPC interest rate decision due tomorrow.
Continue reading →

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

Markets on weak note

Posted on May 26, 2009 by admin

Currency exchange rates have opened on a weak note this morning as North Korean missile tests and concern over government debt levels led to a more neutral trend in equities. With US and UK markets closed for a bank holiday yesterday the euro strengthened over the pound and dollar, although this morning these losses have been recovered. Continue reading →

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

Sterling five month high

Posted on May 19, 2009 by admin

The pound has hit a five-month high against the US dollar this morning on the back of the view that recession is bottoming out in the UK. Anticipation of economic recovery has driven demand for the higher yielding currencies and both the pound and euro climbed against the dollar overnight. Continue reading →

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

Equity Markets Stall

Posted on May 12, 2009 by admin

Equity markets have been on hold overnight as investors suddenly feared they may be taking on too much risk. There remain a number of unknowns in the global economy and further evidence of positive data may be needed to trigger another rally. Currency exchange rates are little changed although the ‘higher risk’ Australian and New Zealand currencies have trimmed gains against the US dollar and euro.
Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Brown takes plan to U.S

Posted on March 25, 2009 by admin

Gordon Brown will repeat calls for greater fiscal stimulus and more financial regulation on a visit to the US as part of his pre-G20 summit tour. The prime minister’s strategies for reviving the economy appear to have been broadly backed by US President Barack Obama. Brown is touring three continents ahead of next week’s G20 summit, calling on governments to back plans for possible further stimulus action.

Continue reading →

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