Currency Market Updates

The Lull before Next Week's Storm ……. Perhaps ?

The Lull before Next Week’s Storm ……. Perhaps ?
The reaction to the combination of yesterday’s UK data and US rate moves was baffling to say the least. One would have assumed that the combination of much better than expected UK retail sales figures (a fall of 0.1% against expectations of a 0.8% drop) and a [...]

MPC Sees The Need for Further Cuts

MPC Sees The Need for Further Cuts …..
The minutes from this month’s Monetary Policy Committee meeting revealed that the MPC recognised the need for a cut in rates of at least 200 bp to ensure that their long-term inflationary goals would be met. However, they decided that a cut of this magnitude might have serious [...]

Inflation Data Indicates Significant Global Fall in Prices

Inflation Data indicates significant Global Fall in Prices
The UK Office for National Statistics yesterday reported that the headline inflation rate had its biggest 1-month decline in the past 10 years. The CPI year-on-year rate was reported at 4.5% higher in October compared to a 5.2% annual rise in the year to September. The core CPI [...]

A Better Day for Sterling

A Better Day for Sterling

On the back of very little, Sterling bounced quite sharply against both Dollar and Euro yesterday and retained most of the gains overnight. It appears that the market views the stance being adopted by the UK authorities in a mildly positive manner, especially given the apparent continued deterioration of the Eurozone [...]

G20 Fail to Satisfy Markets on Immediate Measures

G20 Fail to satisfy markets on Immediate Measures
The results from the G20 meeting are at first sight disappointing. Barack Obama didn’t show, there was no mention of further co-ordinated monetary easing and no agreement on the wisdom of a large global fiscal stimulus. Only an agreement to lay out a work plan, to be finalised [...]

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