Sterling drops against most major currencies
Last Updated on Wednesday, 22 June 2011 12:34 Written by Elena Rajkovic Wednesday, 22 June 2011 12:33
Minutes of the Monetary Policy Committee meeting from the 8th and the 9th of June were announced minutes ago. Bank Rate was decided it should be maintained at 0.5%.
Greece’s victory over Confidence Vote
Last Updated on Wednesday, 22 June 2011 11:12 Written by Elena Rajkovic Wednesday, 22 June 2011 11:12
Greece’s crucial Confidence Vote was announced last night, late European hours. Greece’s government survived the confidence vote; important to avoiding a Greek default.
U.S Dollar gains
Last Updated on Tuesday, 21 June 2011 05:32 Written by Elena Rajkovic Tuesday, 21 June 2011 05:32
U.S Home Resales declined in May with 4.81 million rather than April’s annualized 5 million Existing Homes Sold. Although May’s figure was disappointing compared to previous release; Home Resales didn’t do all that bad as May’s 4.81 million was very close to economists prediction.
Canadian Dollar keeps steady after weak Retail Sales
Last Updated on Tuesday, 21 June 2011 04:14 Written by Elena Rajkovic Tuesday, 21 June 2011 04:14
Canadian reports of Economic Activity on Core Retail Sales, Retail Sales and Leading Index were released just minutes ago. The Canadian Dollar didn’t see much of a mainstream after the important announcements.
Euro drops after German report
Last Updated on Tuesday, 21 June 2011 12:18 Written by Elena Rajkovic Tuesday, 21 June 2011 12:18
ZEW released Germany’s Economic Sentiment with a dramatic drop as it stands at -9.0 from previous 3.1. A fall was expected as forecast for Sentiment was analysed at around -1.7.





