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.

USD Shines After Positive Minutes

Yesterday the markets digested the minutes of the February interest rate meetings for both the UK and the US. Forecasts for the US economy reflect a more bullish tone from the Fed.

Will There Be A Deal For Greece?

The Greeks will have their work cut out if they are to receive help from within Europe. Meanwhile the markets are volatile as traders practice fence sitting and the USD is the only shiny thing around…

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.

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