Market News

MARKET NEWS 22ND FEBRUARY 2012Posted 22.02.2012

Good Morning, GBP The Pound lost strength yesterday. Part of the reason behind the movements was the increase in the budget surplus. This was the largest monthly surplus in four years. This therefore put pressure on Chancellor of the Exchequer to increase quantitative easing in coming months in order to… Read more

MARKET NEWS 21ST FEBRUARY 2012Posted 21.02.2012

Good Morning, GBP Overnight the Rightmove House Price Index was released and showed an increase from 0.4% up to 1.4% (YoY) and an increase from -008% up to 4.1% (MoM) for the month of February. This is the highest monthly increase since April 2002 and is positive for the UK… Read more

MARKET NEWS 17TH FEBRUARY 2012Posted 17.02.2012

Good Morning, GBP The UK economy was given a welcome boost yesterday as the UK consumer confidence increased from 38 up to 47. This was a much bigger increase than the expected figure of 40 and is the highest reading in the last 5 months. Today the UK Retail Sales… Read more

MARKET NEWS 16TH FEBRUARY 2012Posted 16.02.2012

Good Morning, GBP The Pound yesterday was dominated by thoughts of “will-they” / “wont-they” when it comes to the Bank of England and further Quantitative Easing. Governor Mervyn King did not rule out further stimulus measures in an effort to recover the economy. However, other members, such as deputy Governor… Read more

Market News 15 February 2012 Posted 15.02.2012

Good Morning, GBP: UK inflation figures fell to lowest since November 2010, and is predicted to be around the 2% target by the end of the year. Bank of England Governor King will present the new economic forecasts at 1030GMT today. He is expected to resist calls to do more… Read more

MARKET NEWS 14TH FEBRUARY 2012Posted 14.02.2012

Good Morning, GBP The biggest announcement concerning the UK yesterday was the release of the announcement from Moody's that they had put the United Kingdom’s AAA rating on a negative outlook. The Chancellor of the Exchequer reacted by saying that that this was proof that Britain can not waiver from… Read more

MARKET NEWS 10TH FEBRUARY 2012Posted 10.02.2012

Good Morning, GBP There were several announcements from the UK yesterday which will shape the direction that the economy progresses over the coming weeks. Whilst interest rates remained on hold, the Bank of England announced that they would add an additional £50 Billion into the UK to help stimulate the… Read more

MARKET NEWS 9TH FEBRUARY 2012Posted 09.02.2012

Good Morning, GBP The Pound dropped against the US Dollar yesterday as there were no real economic announcements to help boost Sterling. Today, however, could be very different with a number of economic announcements coming from the UK. The Industrial and Manufacturing Production figures will be released and are expected… Read more

MARKET NEWS 8TH FEBRUARY 2012Posted 08.02.2012

Good Morning, GBP The Great British Pound has managed to make modest gains against the Euro and the US Dollar over the past 24 hours. However, the markets will remain volatile today on the build up of tomorrows Bank of England announcements. Today there are minimal announcements and so the… Read more

MARKET NEWS 7TH FEBRUARY 2012Posted 07.02.2012

Good Morning, GBP For a fourth consecutive day UK Stocks depreciated yesterday with the FTSE dropping 0.2%. The past 24 hours have seen political leaders voice their concerns for Greece due to the frustrating delays in reaching a stable agreement over a potential bailout. Despite growing concerns centering around the… Read more