Greece: We won a battle, not the war

Tspiras fails to deliver on election promises Yesterday we saw the Greek left wing government finalise and present plans to their international creditors, in a bid to be granted a vital four month extension on Greece’s debt repayments. The proposal shows a crackdown on tax evasion and overhauls the country’s minimum wage, but is widely regarded as a … Read more Greece: We won a battle, not the war

Germany expects negotiations with Greece to drag on

Chancellor to play waiting game German chancellor, Angela Merkel, expects negotiations with Greece about possible debt restructuring to drag on until bail-out funds run out. She has said that the EU are prepared to play a waiting game until April/May when the country approaches a cash-crunch. The Chancellor is taking a tough approach with the … Read more Germany expects negotiations with Greece to drag on

Swiss Franc hits two week low amid rumours of central bank intervention

Is SNB deliberately weakening currency? The Swiss franc fell to a two week low today, amid rumours of central bank intervention by the Swiss National Bank (SNB) in an effort to stem its current rally. After the critical move from the SNB in January to remove the minimum peg against the euro, we saw the franc … Read more Swiss Franc hits two week low amid rumours of central bank intervention

Pound strengthens from low inflation figures

Pound strengthens from low inflation figures The pound surprised everyone yesterday after the UK posted its lowest December inflation figure since the year 2000, when it rose significantly against its major counterparts. You’d think that after such poor inflation numbers we would see the pound weaken. In fact, we saw a rise of around a cent against … Read more Pound strengthens from low inflation figures

Thinner trading volumes could move markets

Thinner trading volumes could move markets Last month the retail world whipped itself into a frenzy over ‘Black Friday’. It seems a month can no longer go by without at least one day being re-named, all in the name of consumer spending, as yesterday was dubbed ‘Manic Monday‘ by the media here in the UK. … Read more Thinner trading volumes could move markets