The Euro continued to be under pressure yesterday as markets worry about the sovereign risk and the state of some of the Eurozone banks. Comments from the ECB’s Stark did not help matters as he mentioned that he thought German banks need more capital meaning it is at it’s lowest...

The Euro remained under pressure overnight following yesterdays renewed sovereign debt fears falling below 1.27 against the USD in early hours. Disappointing German industrial orders data did nothing to help the Euro yesterday, orders were down 2.2%, much worse than the expected 0.5% drop.

A generally quiet day yesterday with most rates range bound due to the US holiday but overnight we have seen a new sell off of the Euro. Recently pushing 1.30 against the USD it has fallen to below 1.28 overnight losing ground against most major currencies and allowing sterling to...

The first trading day of September has started off with a bang and we can only hope that the performance in the financial markets for the rest of the year will be as strong as what we have seen yesterday.

After the final bank holiday weekend of the year, UK markets are playing catch up with their overseas counterparts. It was a whip-saw session for markets on Friday night in reaction to the much anticipated speech from Fed Chairman Bernanke at the annual Kansas City Fed conference in Jackson Hole, Wyoming.

Today saw the first revision of the Q2 GDP figures for both the UK and the US with the UK up first this morning and managing to beat expectations with a revision upwards of 0.1% to 1.2% the strongest quarter on quarter growth since Q1 of 2001.

Following the alarming drop in existing homes sales figures for the US, as released on Tuesday, yesterday saw more dismal US economic data with both durable goods orders and new home sales disappointing markets. Overall new orders for durable goods rose by a modest 0.3% in July.

After recent weakness against many of the majors, the Dollar is finally back in vogue it seems, at least looking at its performance over last week and into this week. New and fresh synonyms for ‘risk aversion’ and ‘risk appetite’ are becoming increasingly difficult to fabricate  when discussing the Dollar...