Greece Thrown Final Lifeline

It was a fairly quiet end to last week for our most commonly traded currency pair, GBP/EUR, with the cross remaining in a tight range for most of the day. It was a different story for GBP/USD however, as the US currency lost nearly one percent to the pound. Optimism over the potential for an … Read more Greece Thrown Final Lifeline

Quiet End to Week with All Eyes on Euro Summit

It was a fairly subdued end to last week with little economic data of note and markets remained rangebound as a result. Those of you following the currency markets will know that most recent movement has been the result of news from Greece and the progress of their negotiations with the International Monetary Fund and … Read more Quiet End to Week with All Eyes on Euro Summit

Europe kicks can down the road

Greek debt crisis on hold for four months Tensions ran high last week as everyone eagerly awaited an answer to one of the most pressing questions posited in recent memory: Who killed Lucy Beale? After finally finding out that the little chap was the culprit, those of us in the financial world were left wondering … Read more Europe kicks can down the road

Rumblings of a storm in the eurozone

Rumblings of a storm in the eurozone With the cold weather moving in, and most hoping the snow does not bring the UK to a halt, are we seeing the rumblings of a storm over in the eurozone? Preliminary figures for German CPI announced a decline of -1.0%, the first negative inflation rate in Germany … Read more Rumblings of a storm in the eurozone

Pound hits 7 year high against euro

Pound climbs again in wake of QE announcement Another turbulent week last week saw the euro lose yet more ground against its major counterparts, with the pound and dollar reaching 7 and 11 year highs respectively against the single currency. The US currency was the biggest winner from yet more eurozone uncertainty, gaining against sterling as … Read more Pound hits 7 year high against euro