Posts Tagged ‘personal finance’

Doubts still remain over Greek deal this week

Monday, February 20th, 2012

Mike Paterson’s daily Forex brief

As EU finance ministers prepare to meet today there is still doubt as to whether the latest bail-out plans will be given the nod this week. (more…)

Markets rally on ECB debt swap deal for Greece

Friday, February 17th, 2012

Mike Paterson’s daily Forex brief

It was only this time yesterday that the market had given up hope of an imminent bailout deal for Greece and now we’re anticipating a deal on Monday for at least a major part of it. If a week’s a long time in politics, then 24 hours is an age in FX! (more…)

Euro falls as Greek farce continues

Thursday, February 16th, 2012

Mike Paterson’s daily Forex brief

As the Greek debt saga plays out to an ever increasing audience of disenchantment, we’ve seen the Euro fall in Asia and early European trading sessions as it appears less likely we will see any sort of mutually acceptable deal all the while the jumpers for goalposts remain just that. (more…)

Addressing the nation’s debt: how Brits are coping with tighter budgets

Wednesday, February 15th, 2012

With more financial restrictions placed on their budgets, Brits are being forced to take action against financial difficulties – but just how are they coping with tighter budgets? (more…)

Euro wobbles again but calmed by Chinese pledge of support

Wednesday, February 15th, 2012

Mike Paterson’s daily Forex brief

The last 24 hours has seen the usual ups-n-downs that we’ve come to expect in these tight ranges with increasing concerns from the EU leaders that Greece will try to avoid enforcing the austerity measures (more…)

Dollar gains as Moody’s takes another dim view of Europe and the UK

Tuesday, February 14th, 2012

Mike Paterson’s daily Forex brief

The last 24 hours has seen a rise in the US $ across the board exacerbated by Moody’s yesterday placing the UK on “negative watch” meaning a 30% chance of losing its AAA credit rating within 18 months. (more…)

Greece passes austerity package, but at what price?

Monday, February 13th, 2012

Mike Paterson’s daily Forex brief

Last night the Greek parliament passed increased austerity measures needed to fall in line with Troika demands in return for their €130 billion bailout, amidst escalated levels of rioting on the streets of Athens and elsewhere. (more…)

Weaker Chinese data overshadows Greek tragedy

Friday, February 10th, 2012

Mike Paterson’s daily Forex brief

With the BOE and ECB yesterday acting as expected (as per my updates) markets got a little excited once again by talk of a Greek debt deal, but once again the news was more bluster than substance. (more…)

BoE and ECB leave interest rates alone but BoE increases QE

Thursday, February 9th, 2012

Mike Paterson Forex Update

This is as generally expected and we’re seeing a little buying of the Pound in the wake of no bigger increase, which some had forecast, as per my report this morning. (more…)

Pound under pressure as markets await BOE and ECB decisions

Thursday, February 9th, 2012

Mike Paterson’s daily Forex brief

Wow, quite an eventful day what with Our ‘Arry being found innocent of tax evasion and Fabio Capello, rightly or wrongly, making a two-digit gesture to the FA while the jury on the FX markets is still also firmly out on what the BOE and ECB may do in a few hours time. (more…)

Euro finds a little support but it’s all very scrappy still

Wednesday, February 8th, 2012

Mike Paterson’s daily Forex brief

Well at last we’ve seen a break out of the recent tight ranges on the back of increased hopes of a deal on Greek debt (yawn) and more dovish comments by US Fed Chairman Bernanke. (more…)

More of the same as Greek debacle continues

Tuesday, February 7th, 2012

Mike Paterson’s daily Forex brief

A little bit down, a little bit up and a little bit down again for the Euro as Greece, and the Troika (European Commission, ECB and IMF) still try to hammer out some sort of deal. (more…)