The big event of yesterday came after the close of European trading as Germany announced a ban on naked short selling 10 different German financial institutions as well as Euro bonds and credit default swaps. Naked shorting is selling an instrument or share without holding or borrowing what you are selling.VIEW FULL ARTICLE
George Osbourne's speech didn't announce any immediate cuts, and was instead used to announce measures that had already been promised such as the timing of the emergency budget and the creation of a independent forecasting body, in an attempt to do something similar to Labour's creation of the independent MPC.VIEW FULL ARTICLE
With the election over and the make up of the government finally decided, the news media has turned back to it's previous obsession, the ash cloud, grounded flights and the BA strike. The new government have already started to talk about cuts, wasting no time in blaming the previous administration...VIEW FULL ARTICLE
Over a week after the election and some may have thought that the markets may have died down a little by now. We had an extended period of volatility after the election due to the hung parliament and the inevitable haggling afterwards, and although the coalition that formed was the...VIEW FULL ARTICLE
Sterling's jump after the announcement of the new government proved to be short lived. Although the Pound did jump up almost 2c against the Dollar after the government was formed, it soon started to drift down, and even the charm offensive that Cameron and Clegg went on yesterday didn't help.VIEW FULL ARTICLE
Posted in Daily Market News on May 30 2014 by Rob Affleck
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