Things in Euroland have moved on a long way from the precarious situation in early July. Greece’s government has apologised to Brussels for messing around, the parliament in Athens has approved reform measures unthinkable a couple of months ago and a new bailout has been agreed, all bar the dotting of a few Is and […]
Despite the unfolding drama in Ukraine and Gaza it was another relatively uneventful week in the foreign exchange market.
Life has become more difficult for the euro. In the last week it was the worst-performing major currency, alongside the Swiss franc.
The most interesting currencies in the last few weeks, if only from a theoretical point of view for most investors,
Every month the Bank of England reports how many mortgage loans were approved by banks and building societies.
The euro had a tough week, losing three cents to the US dollar and nearly a cent to the pound.
Euro zone politicians are doing their level best to put on a brave face about Greece’s predicament. Prime minister Papandreou deliberately subjected himself to a parliamentary vote of confidence,
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.
Sterling spent the last month moving ahead against the US dollar and falling back against the euro. Against the Japanese yen it is all but unchanged. Investors seem to prefer the pound to the dollar