This week was always only ever going to be about the US Federal Reserve’s interest rate decision and subsequent statement which had been so long anticipated.
He is an anonymous genius, hiding under the nickname of Satoshi Nakamoto.
The euro had a tough week, losing three cents to the US dollar and nearly a cent to the pound.
It would be nice to say that sterling did well in the first half of July. It would be more accurate, however, to say the Euro did badly. In little more than a fortnight the pound climbed from a 16-month low
Bailout or bust. The spectre of a default by Greece on its government debt loomed closer this week after a comment by Jean-Claude Juncker, chair of the Eurogroup of EU finance ministers.
Sterling had a less expensive April than the three and a half euro cents it had managed to mislay in March but it was still a losing month,
A month ago the brave prediction here was that sterling would trade at a higher level in the new year than its position at the end of the last one. It did exactly that,
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Guess which were the two worst-performing major currencies in 2010. Go on… Yes, the pound and the euro. Sterling is actually ahead by 5% but only because
When the EU and the International Monetary Fund (and Germany) spent €110 billion to dig Greece out of its deep fiscal hole six months ago it looked for a while as though Brussels’ shock-and-awe tactic had done the job.