Monthly Archives : April 2012

Pound sterling soars to highs against the Euro and Dollar

News

  The pound has risen to multi month highs today against several of the key currencies, despite the UK being in recession. The continuing troubles in the Eurozone and the softening of the US dollar have made the pound an attractive safe haven for an investor which is either a […]

Austerity claims another government

News

A backlash seems to be gathering apace against austerity after the Romanian government lost a vote of no confidence earlier today causing its Prime Minister Mihai Razvan Ungureanu to resign. The government lost the vote after 235 lawmakers voted against the government’s austerity measures. Increasing violent public protests and accusations […]

The pain in Spain is getting worse

News

Spain’s economic situation worsened today after the credit ratings agency Standards and Poor reduced the encumbered country’s credit rating by two points. The move could not have come at a worse time as it is expected to force up the cost of borrowing for Madrid leaving investors worried about its […]

The Sterling Exchange Rate Love Affair Continues Despite Poor UK GDP Figures

News

The Pound has recovered exceedingly well from yesterday’s damagingly weak Q1 GDP figures and has even reached a fresh 7-month high of 1.6206 against the US Dollar. It appears that investors are either distrustful towards the suspiciously low estimate from the Office for National Statistics, or feel that the current […]

Britain back in Recession

News

News released earlier today has shown that the UK is officially back in a state of recession sparking a sharp decline in the Pound. The news means that Britain is facing its first double dip recession since the 1970’s. The GDP figures for the last quarter came in at -0.2. […]

Will the Euro crisis claim another political scalp?

News

The bad news keeps coming from the Euro zone today as the crisis threatens to claim another political victim in the form of Czech Republic Prime Minister Petr Necas and his government. Calls for a vote of no confidence have been made after claims of corruption and the extent of […]

Austerity argument drags Netherlands into the Eurozone crisis

News

A disagreement between the Dutch Prime Minister Mark Rutte and the leader of his coalition partner Geert Wilders of the Freedom paty has cast doubt over the country’s Austerity plans and triple A credit rating. The Dutch Prime Minister Mark Rutte has formally offered his cabinet’s resignation to Queen Beatrix sparking […]