Sterling behaved as we expected yesterday with a rally immediately following the Bank of England rate decision before falling back later in the session as profi... Read More >
Sterling's Lazarus like turn continued unabashed yesterday as it fired itself to 3 week highs against the USD and EUR. The danger today is that these rises are ... Read More >
Both the dollar and euro slumped against sterling yesterday as poor sentiment and data served to rattle both currencies.
It was a heavy day on the data schedul... Read More >
Harsh winds and bitter nights have been forecast for the UK over the course of the week but it was the euro that was left out in the cold yesterday.
Sterling en... Read More >
The landscape, save for the smattering of snow that London has experienced, is much the same as on Friday. Risk aversion is the key driver at the moment and alt... Read More >
Someone said to me on New Year's Eve that 'an optimist stays up until midnight to see in the new year whereas a pessimist stays up to make sure the last one has... Read More >
Well the season of good will is over for yet another year and attentions turn back to the markets and the fact that the UK forecast is downbeat. The Christmas v... Read More >
As was to be expected yesterday was a quiet day with data flow not affecting markets by much and trading very thin on the ground.
GDP data out of the UK showed... Read More >
Dollar strengthened its net position over the course of the day on a number of factors all stemming from one single issue: risk aversion.
The automakers bail o... Read More >
Sisyphus, a mythological Greek figure, was cursed with the perpetual task of rolling a huge boulder up a steep hill, yet each time the rock reached the top it w... Read More >