Showing articles for February 2015

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Dollar pushes Euro rate higher

27 February 2015
Robin Haynes
Yesterday saw the rate for buying Euros climb to a fresh post-2007 high, as stronger data from the USA had a see-saw effect making the Euro cheaper, despite better than expected German unemployment figures.

Quiet Day For Sterling

26 February 2015
Simon Eastman
Wednesday was fairly non-plus in terms of sterling as without any notable data to go on, we saw little movement for the pound across the major pairings.

Greek bailout and US interest rate continue to take centre stage.

25 February 2015
Matthew Boyle
The focus this week has been largely on the Greek debate amidst a market where sentiment is largely driving rates as opposed to data. Yesterday did see some Eurozone data of note released including German GDP and Eurozone inflation data, however this all came in as predicted and as such caused little effect. The main news of the day was in the afternoon following Draghis speech and the Eurogroup meeting, that Eurozone officials had approved reform proposals submitted by Greece to extend the bailout by 4 months.

Weekly Market Review

23 February 2015
Rob Bastin
Last week saw continued volatility in the markets particularly in relation to the Euro with so many factors coming in to play in the recent weeks.

Busy week comes to a busy end

20 February 2015
Tom Arnold
A very busy week on the currency markets draws to an end today with plenty of action before those closing bells are due.

Inflation falls warning sign for exchange rates

18 February 2015
Robin Haynes
Yesterday’s UK inflation figures, as expected, dropped to their lowest levels since the ‘CPI’ measure of inflation was introduced in 1988. Prices in the year to January rose just 0.3%, due largely to falling fuel and food prices.

Euro drops as Greece talks stall

17 February 2015
Rob Bastin
This week got off to a quiet start with no economic data for the majors. GBP/USD corrected downwards from last week’s gains and GBP/EUR suffered losses in the morning before recovering the late in the afternoon as the Euro came under some selling pressure.

GDP Overshadowed by the Greeks

16 February 2015
Simon Eastman
The week ended on a downer for the pound across most of the major pairings, all bar the euro, US dollar and Danish Krona.
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