Market News

MARKET NEWS 1ST MAY 2012Posted 01.05.2012

Good Morning, GBP The Pound managed to reach the highest level since June 2010 yesterday, but then failed to hold that position. With the UK officially in recession, investors became nervous about holding GBP and quickly sold the currency off and rates therefore fell throughout the afternoon. Today the UK… Read more

MARKET NEWS 30TH APRIL 2012Posted 30.04.2012

Good Morning, GBP The Pound climbed higher against the US Dollar at the end of last week after the Bank of England seemed confident that they would not need to add further quantitative easing, at least in the short term. This came despite negative GDP figures which showed that the… Read more

Market News 27/04/2012Posted 27.04.2012

Market News 27 April 2012 Good Morning GBP BoE MPC member Martin Weale has stated that the case for more Quantitative Easing (QE) is stronger following the news that the UK slipped back into recession this week. Barclays face a shareholder backlash over the size of bonuses to be paid… Read more

MARKET NEWS 26TH APRIL 2012Posted 26.04.2012

Good Morning, GBP The UK officially entered recession once again yesterday as the Q1 GDP figure came out showing a 0.2% contraction. This follows the previous quarter’s 0.3% contraction which means that there have been two consecutive quarters of negative growth. Immidiately after this announcement the Pound lost strength, but… Read more

MARKET NEWS 24TH APRIL 2012Posted 24.04.2012

Good Morning, GBP Yesterday Sterling maintained recent gains against the US Dollar over the past 24 hours despite a shift in investor sentiment as troubles in the euro-zone resurface. Today with GBP public finances released at 8.30am this morning, showing the amount of money financed to the UK government we… Read more

MARKET NEWS 23RD APRIL 2012Posted 23.04.2012

Good Morning, GBP The Pound managed to hold on to its strength by the end of the week and finished higher against the US Dollar and Euro. Helping Sterling was the increase in Retail Sales which came out much higher than analysts had expected. There are only minimal economic announcements… Read more

MARKET NEWS 20TH APRIL 2012Posted 20.04.2012

Good Morning, GBP The Pound managed to build on recent strength as more investors bought into Sterling. This follows on from sentiment in the UK that the Bank of England members are unlikely to add to current levels of quantitative easing. Today the UK Retail Sales are due to be… Read more

MARKET NEWS 19TH APRIL 2012Posted 19.04.2012

Good morning, GBP Bank of England Minutes dampened speculation for additional monetary support, and the sterling should continue to outperform against its major counterparts as the central bank looks to conclude its easing cycle. The Great British Pound found further momentum off the back of the unemployment figures which witnessed… Read more

MARKET NEWS 18TH APRIL 2012Posted 18.04.2012

Good Morning, GBP We could see some volatility in the UK market on the back of key data being released early this morning. With Bank of England minutes being released at 8.30am with two main topics being focused on; quantitative easing and interest rates. Also being released at 8.30am is… Read more

MARKET NEWS 17TH APRIL 2012Posted 17.04.2012

Good Morning, GBP The Pound is likely to become volatile later today with the release of the UK Consumer Price Index and the Retail Price Index. These measures of inflation will determine how successful the Bank of England have been in curbing the rising inflation levels which occurred throughout 2011.… Read more