Currency Market Updates

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UK Unemployment Rises Again

Greece have been handed a firm rap on the knuckles over their handling of their economy while Britain seems shocked at its unemployment figures. Surely they know about temporary Christmas employment!

Markets Remain Nervous

Markets remain nervous in light of the problems surrounding Greece, Italy and the other PIGS, Ireland and Spain. Very disappointing US non-farm payrolls figures have not calmed any nerves although Australia is showing the way to positive growth.

QE – Are We Done Yet?

The markets will be waiting to see what the MPC do with QE- the UK asset purchase scheme. Will they hold firm at the current level of £200 billion?

Euro Pain Continues…

The yield on Greek government debt continued to rise, while Spain’s unemployment rate worsened giving the euro a hard time in the markets.

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