US car makers got their Christmas presents early this year as the US government laid out plans of a $17.4bn rescue package to keep the big 3 out of bankruptcy. ... Read More >
Winston Churchill was a man after my own heart. He said "A politician needs the ability to foretell what is going to happen tomorrow, next week, next month, and... Read More >
Sterling had one of its worst days in recent memory against the euro yesterday with a 4 cent move from high to low. Data from the UK and Eurozone compounded thi... Read More >
It promised to be an interesting FOMC meeting and Ben Bernanke did not disappoint. By cutting rates to the lowest level in 95 years the Fed is running out of th... Read More >
Sterling takes a Pounding.
All is not well on the financial front line. Last week we saw sterling break through fresh barriers and reach historic new lows aga... Read More >
Yesterday was a day of retracement with both the dollar and euro losing ground to an emboldened sterling.
Opening the day was investor sentiment that jumped ... Read More >
I have made a Lazarus like recovery from my depths of despair on Friday and would like to thank all who took the time to reply especially those bearing gifts of... Read More >
NZD
Less than a week after delivering the largest OCR cut in history, RBNZ Governor Bollard took the opportunity to remind everyone in a speech that inflation i... Read More >
It was the World First Christmas party last night. I have no strong views on anything at all. I'm in a worse state than GBP/EUR.
Indicative Rates
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Well this morning's papers are full of stories of parity for sterling and euro with the blueprint been taken from a bureau de change close to the Eurostar termi... Read More >