Global markets are expecting an interest rate increase

Thursday, 7 April 2011 09:52

Global markets are expecting an interest rate increase Thursday from the European Central Bank, the question will be how much they will move and if more increases are planned in the coming months.

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Sterling announces better than expected PMI data

Tuesday, 5 April 2011 03:38

PMI services index was announced stronger than expected in the UK, bringing strong bids to the British currency. Results for March came out at 57.1, while the results expected were to be 52.5. The previous PMI service results were 52.6, so the British..

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Sterling is the weakest link

Monday, 28 March 2011 06:21

Sterling proved to be the weakest link in today’s major trading as it slipped to a 60 day low of 1.5935 against the Dollar. The UK weak economy seems to be impacting the British currency with its slow recovery.

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