Detailed below are the morning comments for the last 5 working days. Please select a comment from those below to view the full details, or alternatively you can select a date from the followng drop down box:
As at As at 08.27 Thursday, 11 Sep 2014 Scotland Still Hot Topic for Sterling
Once again sterling has been in the market headlines over the last 24 hours. As expected, BoE Governor Carney’s appearance at the Treasury Select Committee provided little in the way of new news. Sterling watchers remained cautious……….
As at As at 08.12 Wednesday, 10 Sep 2014 Narrow Ranges on FX Markets
There was a mildly ‘risk off’ tone to financial markets yesterday with most of the key equity indices finishing the day lower. The S&P 500 was down 0.7% by the close on Wall Street last night……
As at As at 08.09 Tuesday, 09 Sep 2014 Uncertainty over Scotland weighing on Sterling
While the ‘Flower of Scotland’ is receiving plenty of air play as the campaigning in the Scottish independence referendum heats up, sterling is wilting somewhat amidst the uncertainty surrounding the outcome of the upcoming vote……….
As at As at 08.01 Monday, 08 Sep 2014 USD continues to Gain, Stg & Eur Under Pressure
Last week saw the dollar continue to rally, supported by encouraging macro data which are fuelling expectations for Fed interest rates hikes in H1’15. In contrast, the other major currencies are being negatively impacted by domestic factors………..
As at As at 07.55 Friday, 05 Sep 2014 Euro on the Back Foot after ECB Surprise
Yesterday saw the ECB surprise markets with a decision to ease policy again. It announced a further cut of 10bps to its key interest rates. Furthermore, it stated that it is to start purchasing non-financial private sector assets. ………