Recent content by Peetr

Britain Recovers From Last Quarter Contraction Pure FX 27.04.2011 The most important release this morning is UK GDP data. Britain has recovered from last quarter’s contraction according to the latest figures from the Office for National Statistics – with the economy growing 0.5% in the first...

Focus On US Interest Rates Pure Fx 26.04.2011 The Easter break meant the market was quiet over the weekend. Currencies remained statuesque as investors enjoyed a deserved rest. However anticipation is rising ahead of the US interest rate decision later this week. It could have a massive impact...

US Dollar Takes A ‘Pounding’ Pure FX 21.04.2011 Sterling has been knocked about of late as confidence in the US and EMU has risen. To make matters worse British data has been lacklustre. However in the past 24 hours sterling came out fighting against the US dollar – buoyed on risk appetite...

Markets Calm Following Strong EU Data Pure FX 20.04.2011 The panic surrounding PIG nations such as Greece has eased in the last 24 hours following robust EU manufacturing data. EU manufacturing increased +0.2 this month to 57.7 according to new figures from Markit. This compares to 57.5 in...

Greece To Plead Pennilessness? Pure FX 19.04.2011 The euro has come down a notch in the last 24 hours following a series of nail-biting releases. First of all reports have abounded that former Greek Prime Minister Costas Simitis told a newspaper that Greece could soon default i.e. plead...

Far-Right Finns To Block Portugal Bailout? Pure FX 18.04.2011 There’s been another set of migraine-inducing reports from Europe over the weekend. In Finland the anti-euro True Finns have rocketed to third place in the Finnish parliament – and could block an EU bailout for Portugal. True Finn...

Portugal To Become The EU Bottomless Pit? Pure FX 15.04.2011 The outlook for the trio of indebted PIG countries blackened in the last 24 hours as each one suffered bad news. Regarding Portugal the Head of business climate group IFO Hans-Werner Sinn said in an interview that the nation could...

Obama Plans To Slash US Deficit Pure FX 14.04.2011 US President Obama stepped up to the podium in the last 24 hours to counter critics that he had no credible deficit reduction scheme. Speaking at George Washington University he promised to shave a mind-boggling $4 trillion from the US...

UK Inflation Falls Down A Notch Pure FX 13.04.2011 Sterling took a bruising in the last 24 hours following the release of last month’s UK inflation data. Inflation fell a notch to 4.0% in March according to the ONS – landing beneath forecasts of 4.4%. This bruised the pound since it cuts the...

UK BRC Retail Sales Fall Flat In March Pure FX 12.04.2011 Britain has had rather a mix of sunshine and rain in the last 24 hours. Economic releases have been less consistent than the England football team’s international performance. First of all retail sales collapsed into a puddle last...

Euro Sprouts Wings Following ECB Rate Rise The euro seems to have consumed several cans of red bull following the ECB interest rate decision last week. Following the announcement from President Jean-Claude Trichet that the ECB has raised interest rates to 1.25% the common currency sprouted...