Currency Market Updates

Markets Re-Opens Half-Heartedly

The markets have today re-opened after the Christmas break with little to report. EUR/USD is attempting to push back up over 1.44 and sustain this level, with Cable struggling to hold above 1.60. USD/CAD has hit a 2 month low of 1.0373.

Markets Wind Down

Markets get more and more illiquid and technicals become more and more relevant. To that end, EUR/USD remains the driver for forex market

Grim in Greece As UK GDP Revision Disappoints

Bit of a grim Christmas all round……sterling fell against the major currencies… Euro negative…problems at UK banks will hold back the country’s economic recovery … downgrading Greece from A1 to A2 …but equities had a strong day with oil perking up

Warnings from both the BoE and the ECB

Eurozone suffers through Christmas while the Brits go on happily spending…perhaps the last “hurrah” for a while…

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