The potential for more QE (choose between medium, GBP25 bln or large, 50 bln), the proposed break up of some of the big banks upsetting an already financial landscape, and the dire state of public finances are overshadowing signs that the weaker pound versus the EUR is helping revive UK manufacturing. The fact that we’ve seen the pound slump on fresh bad news suggests last week’s rally was indeed M&A flow-driven and that weakness could return in earnest in the weeks ahead.
Back to the future for the pound
Source: www.forexlive.com
Read more...
Australian business conditions turn negative
The National Australia Bank monthly survey showed that business confidence is rising but this has yet to translate into improved trading conditions. The monthly survey fell 4 points to...
FOREX VIDEO | NEW YORK SESSION REVIEW | June 24, 2009
Today’s rally on the EUR/CHF currency pair brings to mind the Yogi Berra quote, “It’s like déjà vu all over again.” For the third time in about 6 weeks, the euro swissie soared as the swiss franc was sold on alleged SNB indirect currency intervention via the Bank for International...
Forex settlement volumes rise in May - CLS
LONDON, June 16 (Reuters) - The average number of daily foreign exchange payment instructions rose in May, reversing a slide in April, ... See all stories on this...
Forex Daily Analysis
Sterling hit a seven-month high against a broadly weaker dollar on Tuesday as surprisingly strong figures on the US housing market fuelled speculation the ... See all stories on this...
European Central Bank Holds Refinancing Rate at 1.50%
The European Central Bank (ECB) maintained the Main refinancing operations rate unchanged at 1.50%, the Marginal lending facility...