Currency watch Sterling performed well yesterday Sterling performed well yesterday |
|
|
| Written by Rational FX | |
| Tuesday, 13 May 2008 | |
|
Sterling performed well yesterday after data released lessened the chance of the BOE lowering interest rates next month.
Despite the PPI numbers making grim reading the input prices put pressure on the upside to inflation and growth looks to be very low if any for the rest of this year in the UK. Overnight however Sterling has retracted and it will be interesting to see how it trades after the UK Retail sales and CPI figures are released today. The dollar had a mixed day after strengthening in Far East trading over weekend it lost ground yesterday against nearly all major pairings but has again traded better in the Far East session. The US too have Retail sales figures due today and Mr Bernanke heads a series of speeches from the Fed this afternoon. The Euro regained some of its recent losses in relatively light trading as part of Europe had a public holiday yesterday. It looks as if the dealers on the world's exchange markets are in for another nervy day of trading. BOOKMARK THIS PAGE (What is this?) |
- US Dollar reeled slightly 21/05/2008
- Weak economic data ahead 19/05/2008
- Euro bolstered by higher data 16/05/2008
- BoE may need to revise their policy 15/05/2008
- Gloomy figures drops the Sterling 14/05/2008
- Inflation on the agenda again 12/05/2008
- ECB and BoE keep rates on hold 09/05/2008
- Dollar and Euro dive over poor economic data 08/05/2008
- Speculation over interest rate decisions 07/05/2008
- Markets going against the currency 06/05/2008
Feature story
Islamic finance poised for massive growth as London becomes key hub outside the Middle EastLondon is emerging as the key centre for Islamic finance outside of the Middle East as financial institutions clamber to become part of a growing market. Currently it is estimated that Islamic banking manages funds of $200 billion. It is predicted to increase by up to 15% a year and be worth a trillion dollars by 2010.
Company news
The Canaries are singing a new songOnce upon a time the Canary Islands were an exclusive holiday haunt for only a select few who actually knew where the Spanish archipelago was hidden in its tucked away corner of the North Atlantic Ocean.
Forum Watch
Forums debate the good prospects in German property market but finance is a big hurdleWith Germany emerging as one of the best longer term property investment prospects amid the credit crunch it has also become a major topic on the property forums this week.
Newsletter
Subscribe to our weekly newsletter and stay updated on the property market trends.
Subscribe now >>
