Euro Crisis

Pound Sterling – At the start of the week the Pound saw little movement against its most traded peers, but did make gains against the US Dollar. The rise came after the Bank of England released data showing that lending to small UK firms hit a record high in June. To ask a currency expert a […]

Ratings agency downgrades Italian banks. Fitch Ratings has downgraded Banca Popolare di Sondrio’s (BPS) Long-term Issuer Default Ratings (IDR) to ‘BBB’ from ‘BBB+’, Banca Popolare dell’Emilia Romagna’s (BPER) to ‘BB+’ from ‘BBB and Banca Carige’s (Carige) to ‘BB’ from ‘BB+’. The agency has also placed...

Pound Sterling – At the start of the week the Pound was trading above a two-week high against the US Dollar as the UK awaited the birth of its future King. The currency found support by comments made by Prime Minister David Cameron that taxes could be cut in the near future as the UK economy […]

Japan follows the United States in warning the UK over EU exit Japan’s government has warned the UK that it may put at risk jobs created by Japanese companies if it was to leave the European Union. Setting out their position in a memo posted on the website of Japan’s UK embassy. Whilst praising the […]

Pound Sterling Over the course of last week the Pound experienced pretty extensive fluctuations. As the week began, disappointing UK industrial production figures and speculation surrounding Federal Reserve chairman Ben Bernanke’s announcement saw Sterling slide against the US Dollar and Euro. To ask a currency expert a question direct, click HERE Or to receive a […]

New US growth slips to four-year low. At 51.4 in June, down from 52.9 in May, the Global All-Industry Output Index – produced by JPMorgan and Markit in association with ISM and IFPSM – posted its lowest reading in a year. The index has nonetheless remained in expansion territory throughout the past 47 months. The […]

Pound Sterling – it was a mixed week for the Pound as it began the week down against the US Dollar as it declined to its lowest-level in more than two weeks ahead of the sale of UK government bonds. Against the Euro, Sterling weakened for the first time in three days. On Tuesday it advanced […]

The FTSE 100 has been regaining some of the ground today that it had lost last week after investors over-reacted to the U.S. Federal Reserve’s announcement that it would be taking no immediate actions to adjust interest rates.  But the International Airlines Group (LSE:IAG) was not doing its part, as its share price declined 3.30 […]

Pound Sterling – Despite an improving picture emerging for the health of the UK economy, this week was one of declines against the US Dollar. On Monday the Pound was little changed against the Euro and US Dollar due to an industry report showing that home sellers raised their asking prices for a sixth-straight month […]

When every other stock market around the globe is having a sell-off for two consecutive days now, it is cannot be denied that the colour of the day is red. Since Uncle Ben Bernanke issued his statement yesterday, virtually every major stock market in the world was mired in red, as if also bleeding upon […]