Steady day for sterling gaining a bit of ground against the euro and holding its own against the US$. No major economic news in the UK to influence matters from this end and it seems to be a case of watching what happens elsewhere especially in the euro zone. At one stage sterling hit its highest level against the euro since October 2008. Call in now to see how sterling is faring today.
The euro continues to suffer as the news out of the Euro zone continues to be mixed. Yields on Spanish government bonds both fell which is positive as further austerity measures were announced. However uncertainty about the detail and timescales of the rescue packages announced at the last EU summit continue to worry the markets. The euro has very few friends. Call in now for the latest update.
The US$ benefits from its safe haven status in these troubled times continuing to gain against the euro. We also had the release of the minutes of the last meeting of the Federal Reserve. These were neutral on further quantitative easing which supported the US$ overnight. So short term the US$ seems to be the best supported currency of the three. Will this continue – call in to find out.
Elsewhere we saw weakness from the Australian dollar as risk aversion heightened. The Japanese yen benefits from an improving economy which reduces the likelihood of further liquidity easing from the Bank of Japan.
Get a live quote and/or more information from Smart Currency at: http://www.smartinternationaltrade.co.uk/
The euro continues to suffer as the news out of the Euro zone continues to be mixed. Yields on Spanish government bonds both fell which is positive as further austerity measures were announced. However uncertainty about the detail and timescales of the rescue packages announced at the last EU summit continue to worry the markets. The euro has very few friends. Call in now for the latest update.
The US$ benefits from its safe haven status in these troubled times continuing to gain against the euro. We also had the release of the minutes of the last meeting of the Federal Reserve. These were neutral on further quantitative easing which supported the US$ overnight. So short term the US$ seems to be the best supported currency of the three. Will this continue – call in to find out.
Elsewhere we saw weakness from the Australian dollar as risk aversion heightened. The Japanese yen benefits from an improving economy which reduces the likelihood of further liquidity easing from the Bank of Japan.
Get a live quote and/or more information from Smart Currency at: http://www.smartinternationaltrade.co.uk/
Posts
No comments:
Post a Comment