Currency Market Updates

Selling Sterling Short

Following over two weeks of selling pressure the market seems to be running out of new reasons to sell the pound. Sterling selling is running out of steam.

BoE Keep Interest Rates On Hold

As the BoE keep interest rates on hold at 0.5%, the asset purchase programme was held at £200 billion. No expansion of QE helped sterling but the critical 1.52 has not yet been reached.

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?

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.

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