FX News
Looking to gain that extra insight into the FX markets? Every morning our team hunts down the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
Check out our blog every morning to see the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
Angela Merkel seems intent on ignoring the markets whilst dealing with the Euro zone debt crisis. Last week, at a meeting between Germany and France both leaders defied the markets idea of a common Euro bond, which led to dramatic drops in the world’s stock markets and Euro weakness.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
http://www.bankofengland.co.uk/publications/minutes/mpc/pdf/2011/mpc1108.pdf
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The minutes of the Bank of England (BoE) Monetary Policy Comittee (MPC) meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The star performer amongst the western industrialised world, Germany, released GDP figures this morning that showed the economy had ground to a practical standstill in the second quarter, with GDP increasing by 0.1% against expectations of 0.5%.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
France, Italy, Spain and Belgium, have imposed a ban on the short selling of financial stocks in a co-ordinated attempt to restore confidence to the market. However, a similar move by US banks in 2008 was questioned by several academic studies, which stated that the banning of short selling rarely...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
US Non-farm payrolls, surprised to the upside on Friday and, the readings for May and June were also revised upwards. However, this only provided temporary relief for risky assets as, the S&P downgraded US debt from AAA for the first time in history.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Interest rates, inflation and exchange rates are all highly correlated. By manipulating interest rates, central banks exert influence over both inflation and exchange rates, and changing interest rates impact inflation and currency values. Higher interest rates offer lenders in an economy a higher return relative to other countries.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Fear is gripping global financial markets this morning with one trader summing up the chaos as a ‘US versus Europe ugly contest’. In one corner you have the US with political squabbling, spending cuts and very poor economic readings and in the other you have Europe with slowing growth, high...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Undoubtedly today’s events will be dominated by the release of the US GDP figures. Consensus forecasts expect annualised growth of 3.5% with any substantial deviation from this figure having the potential to cause USD volatility with other major currencies. In the UK there are no new releases of data today.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Republican politicians all piled into the clown car in the Washington debt circus yesterday by cancelling the scheduled vote in the House of Representatives on raising the debt ceiling. With the Democrat majority in the Senate threatening to veto the House bill hopes of any agreement were always very slim,...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
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