On Wednesday, the Office for National Statistics (ONS) revealed that the UK economy contracted by 0.2 percent for the final quarter of 2011....
Recession Fears Could Delay UK Deficit Reduction Plans
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Kiwi Spikes Up To New Multi-day High Versus Aussie
(RTTNews) – Extending previous session’s uptrend, the New Zealand dollar spiked up further against the Australian dollar during New York afternoon trading on Monday. At present, the kiwi is trading near new multi-day high of 1.2566 versus the Aussie, compared to Friday’s New York...
WHO raises pandemic level to Six: Swedish health min
The World Health Organization has raised its pandemic warning level to six on a scale of 1-6, according to the Swedish health ministry Reuters reports. This could lead to some risk aversion if it leads to travel cut backs, etc. Risk aversion is the farthest thing from the markets mind as stocks,...
Blackrock agrees to acquire BGI
The deal for Blackrock to acquire Barclays Global Investors including the important ishares business is officially done, according to reports on Reuters newswires. It is possible that this will have some ramifications for the pound, now that the deal is actually signed off on, but with global...
Cable sees nice rebound; M&A;impact?
Cable is back above the 1.6000 level, a somewhat surprising result given the political turmoil in the UK in recent days. Perhaps the potential inflow back to the UK of the proceeds of Barclays Sale of its BGI unit are beginning to have an impact. Upwards of GBP 6 bln could be headed back across the...
USD/JPY Perks Up as the Dollar Appreciates Across the Board
By Fast Brokers - The USD/JPY continues its gradual ascent as it gives what it can to the broad appreciation of the...