Impact on the Euro Limited Despite Greek News
Emergency talks continue today between the Greek Prime Minister Alexis Tsiprias, IMF Managing Director Christine Lagarde, European Commission President Jean-Claude Juncker and ECB President Mario Draghi. ...Read More
7 Month High
STG – USD - 7 Month High
The Federal Reserve’s decision to leave Interest rates saw the sterling rise to a 7 month High on the dollar. ...Read More
USD Weak US data
EUR – USD Weak US data
Euro strengthened to above 1.13 yesterday after weaker than expected US Industrial production data was released. ...Read More
Exporters: Consider Your Strategy as GBP-EUR Strengthens
Sterling weakened significantly in the run up to last Friday’s UK elections as currency traders and businesses anticipated a possible hung parliament followed by the chances of a weak coalition thereafter.
The surprise win by the conservatives blew away many of these concerns and sterling benefited from its strongest recovery in over 6 years against many global currencies including the Euro immediately following the exit poll results.
So what is next for sterling?
Euro-Sterling moved from just under 0.75 to 0.70 after the elections, proving that the city got what it wanted. ...Read More
The British Pound is Going Wild!
It's been a huge victory today for the Conservatives in the UK elections with one of the most closely contested elections in British history.
The buoyant sentiment has had a similar effect on the exchange rates for the British pound, with a massive spike.
As you can see from our graphs below (which you can find at the bottom of our main webpage here), the surge has been spectacular. ...Read More
A brief look at the news today
The ECB has stated today that financial integration in Europe has returned to a level close to that recorded before the sovereign debt crisis, in a new report published at a Conference on Financial Integration and Stability held together with the EU Commission in Brussels.
Both the NASDAQ and the S&P 500 closed at new all-time highs last week hitting levels last seen at the peak of the dotcom bubble.
Globalisation is unravelling according to the Washington Post. ...Read More