Currency Market Updates

Range trading continues…

Range trading continues…
The Euro zone data released this morning (CPI and EU unemployment) has carried the theme of the week and met the consensus expectations. The fact that CPI has remained steady will slightly ease the pressure on the ECB to cut interest rates in their March meeting.  In the forex markets the theme of [...]

RBS announce record corporate loss…

RBS announce record corporate loss…
Following yesterdays UK GDP data the pound looked resolute and stable, trading towards the top of the range against the dollar and the euro.  This illusion was shattered by dovish comments from MPC member Blanchflower and the news that RBS announced the biggest loss in corporate history at £24.1 bn; this was [...]

US stocks bounce from the lows…

US stocks bounce from the lows…
Following dreadful US consumer confidence data earlier in the day the Dow posted a 2% rise, this after Bernanke testified to the Senate on the health of the US economy. He again highlighted that the US economy still faces further contraction, however he intimated that the US government would [...]

German IFO survey relatively unchanged…

German IFO survey relatively unchanged…
The German IFO business climate survey just released has not highlighted any significant changes in February; industrial confidence and economic sentiment dipped slightly, CPI remained relatively unchanged at 0.9% year on year; however there was a sharp rise in expected unemployment levels as rising unemployment spreads throughout the euro zone. [...]

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