Currency Market Updates

UK Limps Out of Recession

UK has finally emerged from the recession…German Ifo business climate index came in better than expected…European stocks are down, oil and gold is lower.

Sterling Eyes 1.15 Against The Euro

Sterling is continuing its rally against the euro but has fallen back against other major currencies. GBP/EUR is pushing up and has already hit the key 1.15 level in trading today as the euro is pummeled against the major currencies. Later today we have US PPI and housing starts as well as earnings from various financial entities including Northern Trust, State Street, US Bancorp, Morgan Stanley and Wells Fargo.

Sterling Strides Ahead in 2010

There are prospects for a Bank of England interest rate rise in 2010 and the official UK inflation data certainly offers the Bank of England something to think about in early Feb.

Sterling Bounces Back…a Little…

Sterling came back to life a little today but the debt, the political non-sense and the weather will not convince the markets ….

Who Wants Sterling or Yen?

It is becoming a bit of a competition for last place between the Yen and Sterling… the Japanese bond market might take flight…The Times this morning , “Cash-strapped Treasury contemplates shining up gilts”… at the Fed meeting concern was raised by some over the inflationary impact of the declining Dollar’s value…

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