Currency Market Updates

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.

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.

Euro on the Backfoot

The euro has again moved lower against the majors and in particular against the USD … Greece and Austria are in a mess as we wait for economic feedback from the US .

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