Market News
MARKET NEWS 16TH APRIL 2012Posted 16.04.2012
Good Morning, GBP The Pound remained steady against the US Dollar at the end of last week, but managed to slowly add to its strength against the Euro. Today may be much the same without any major economic announcements being released. Tomorrow, however, the UK Consumer Price Index and Retail… Read more
MARKET NEWS 13TH APRIL 2012Posted 13.04.2012
Good Morning, GBP An Increase in risk sentiment in the markets along with the weakening of the US Dollar has given the Pound even more optimism in the Global Markets. A widening of the United Kingdom’s trade balance caused Sterling to stall however the lure of the element of risk… Read more
MARKET NEWS 10TH APRIL 2012Posted 10.04.2012
Good Morning, GBP The Pound pushed higher against the Euro at the end of last week, and remains at similar levels at todays open. It was also revealed last week that the Bank of England would maintain current levels of the asset-purchase scheme which currently sits at £325 Billion. Today… Read more
MARKET NEWS 5TH APRIL 2012Posted 05.04.2012
Good morning, GBP The pound is storming down the path of recovery with some of the most positive data we have seen within the new year. The country’s services sector output expanded fast to its highest rate since back in 2010, which combined with the news of an increase in… Read more
MARKET NEWS 3RD APRIL 2012Posted 03.04.2012
Good Morning, GBP The positive news from the UK yesterday was the release of the Manufacturing Purchasing Manager Index. This was expected to drop from 51.5 down to 50.7 for the month of March. However, actual figures showed that it climbed up to 52.1. The construction PMI will be released… Read more
MARKET NEWS 30TH MARCH 2012Posted 30.03.2012
GBP The pound remained strong yesterday, despite data releases confirming that the UK housing market is still depressed. With no data out for the UK today the GBP movement will rely on the markets of the major currencies. EUR Yesterday we saw limited movement in the European markets. With Euro-zone… Read more
MARKET NEWS 28th MARCH 2012 Posted 28.03.2012
Good Morning, GBP Yesterday we saw further GBP weakness with UK stocks dropping around half a percent. With investors lacking confidence in the GBP, sterling closed in the red. However, going forward with final GDP (an indicator to the growth of the current UK economy) figures due for release this… Read more
MARKET NEWS 26TH MARCH 2012Posted 26.03.2012
Good Morning, GBP The UK economy suffered at the end of last week with a series of negative economic announcements. The Nationwide Building Index fell from 47.0 down to 44.0 for the month of February. This weekend the UK GDP Final Figures for the Q3 2011 will be released. These… Read more
MARKET NEWS 23RD MARCH 2012Posted 23.03.2012
Good Morning, GBP The Pound experienced a volatile day against the Euro yesterday. After initially picking up in the morning, it fell back to opening levels by mid afternoon. Weighing heavy on the Pound was the release of the UK Retail Sales which fell from 1.4% down to 1.0% for… Read more
MARKET NEWS 22ND MARCH 2012Posted 22.03.2012
Good Morning, GBP Yesterday the annual budget was released containing no surprises. Chancellor Osborne presented a fiscally neutral Budget to ensure Britain’s Triple-A credit rating is maintained. As expected, the main giveaways were a rise in the personal tax allowance and an extra 1% cut in corporation tax –paid for… Read more
Disclaimer
This commentary is generic and may not suit all circumstances. Before taking any action, we recommend either contacting your trader for guidance or obtaining independent financial advice. The information in this document was obtained from sources believed to be reliable but its accuracy and completeness cannot be guaranteed. The views and recommendations in this communication are typically short term trading views. Comments constitute views at the time of writing and are subject to change without notice. The rates shown are all indications. For specific quotations, please contact your usual trader. This document is not intended as an offer, solicitation or recommendation to buy or sell.
