Anyone who watched the slowly unfolding developments in Greece Sunday night as the votes from the referendum were counted would have thought that Monday could be a day of extreme volatility, just as we have seen in recent times. However over the course of the trading day GBP/EUR, EUR/USD and GBP/USD all moved less than … Read more FX markets relatively subdued even after Greeks’ vote No
Thursday 12th March 2015 Sterling reaches highest level against the Euro since November 2007 Yesterday started off exactly where Monday had ended with the Euro losing more ground against the Pound. The mid-market opened at 1.4050 after starting the week at 1.3870 and even woeful UK manufacturing figures at 09:30 (-0.5% actual against 0.2% forecast) … Read more Sterling reaches highest level against the Euro since November 2007
9th March 2015 Large currency movements Last week we kicked off the month with a very volatile week in the currency markets, with several important announcements, events and milestones reached, causing large currency movements. The GBP/EUR rates are the highest since December 2007, just touching 1.39 at the end of last week. GBP/USD rates are … Read more Large currency movements
Deflation in the Eurozone The latest figures from the Eurozone show inflation has turned negative, with December prices down 0.2% compared to the same time last year. This adds to the case for an expanded stimulus package for Europe, something Germany – the largest economy in Europe – is reportedly against. The main driver behind … Read more Deflation and other factors affecting exchange rates