Euro Drops versus the Dollar; while UK House Prices fall to a 7-month low

Monday, 9 May 2011 02:16

EUR/USD opened up this week’s trading session at 1.4359, also reaching 1.44. The Dollar went off its 3-year low and grew stronger than the Euro. The currency is keeping a pace along the lines of 1.43-44.

EUR/GBP dropped to 0.8789 from the 0.88 zone. GBP/USD is trading a little lower than the 1.6390- line that it was trading earlier, to trade to 1.6360- line.

Two notch downgrade for Ireland

Friday, 15 April 2011 10:53

Ireland was downgraded by Moody’s Investor Services by two notches to Baa3 Baa1, possibly causing EUR/USD to dip down by 17 pips from 1.4468 to 1.4450 in the space of less than 5 minutes. EUR/USD is currently trading at 1.4492, gaining strength from its opening level.

UK unemployment numbers out

Wednesday, 13 April 2011 12:10

UK unemployment fell unexpectedly in the three months to February, and employment rose as figures came out Wednesday, suggesting a modest improvement in the labour market.

Inflation in the UK slowed in March

Tuesday, 12 April 2011 02:06

Inflation in the UK slowed in March for the first time in eight months, consumer prices rose 4 % from a year earlier after a 4.4 % increase in February. The cost of food fell the most in almost four years due to heavy discounting at supermarkets and food outlets.

UK Retail Sales Fall

Tuesday, 12 April 2011 12:22

UK retail sales dropped by a record in March, placing more pressure on the Bank of England to raise interest rates from a record low. The pound fell against the dollar and the euro off the back of these numbers.