Financial market conditions continue to be strained—BoE economist
Sterling trading back down into 1.10
Sterling trades down into 1.62 against the USD
Sterling continues to trade into 1.78 against the Australian dollar
US Dollar:
The Dollar was up against Sterling and the Euro after Dubai news that Abu Dhabi would help in the debt repayments and more optimistic data gave
US Dollar:
The Dollar was down against Sterling this morning as strong Chinese economic data fuelled optimism on the global recovery, prompting a move out of the Dollar into the higher yielding Euro and Antipodean currencies. USD moved in tight ranges against the Euro this morning but U.S retail sales numbers released tonight could be key
US Dollar:
The Dollar remained strong against Sterling and the Euro this morning as many traders see the Dollar continuing to benefit from ‘risk-trading’, where downbeat economic news such as Spain losing their higher credit status and Greece’s economy in trouble has prompted investors to buy into the safe haven Dollar. While it is expected that
Well you will be pleased to hear today that Alistair Darling has cut duty on bingo in the next budget causing shares in Rank Group to rally initially by 5%, great for those who enjoy a game on a Thursday evening. Unfortunately this pre-budget report does not appear to be a “full house” for the
Read More.......US Dollar:
This morning sees Dollar strength against Sterling and the Euro as investors took riskier positions of GBP and EUR out of their portfolio before the year end. Expectations of a U.S interest rate increase are still fuelling Dollar sales amidst concerns about deteriorating global credit quality. Demand for higher yielding or commodity related currencies
US Dollar:
The Dollar held steady against Sterling and Euro this morning after yesterday’s gains but was unable to extend them after Fed Chairman Ben Bernanke played down the impact of Friday’s positive U.S jobs data by suggesting unemployment could remain high for some time and the economy still had a lot of work to do
US Dollar:
The Dollar was strong this morning against Euro and Sterling after stronger than expected U.S jobs data on Friday lent weight to the prospect of the Fed increasing interest rates sooner than expected. The move indicated a reversal of expected Dollar weakness due to global risk appetite that would usually prompt investors to buy
US Dollar:
The disappointing signals from the ECB helped the dollar to claw back losses on the Euro this morning, while Sterling was able to extend its gains after a day of little U.K data. The big news today is U.S Non Farm payroll data – it’s expected to drop by 111K, while U.S Average Hourly
US Dollar:
The Dollar remains weaker amongst the currency markets trading into 1.51 against the USD and 1.66 vs. the pound. The main economic data release yesterday was ADP non-farm employment change which came out worse than the expected – 149k and –169k. This data highlights the estimated change in the number of employed people during
US Dollar:
The Dollar was down against Sterling and the Euro this morning as traders pulled out of the safe haven currency on news the markets were coming back after the Dubai news was passing and equity markets were looking promising. The Dollar will continue to be tied to the global economy and as positive data
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