The Bank of England has kept UK interest rates at 0.5% for another month.
Portugal’s success at yesterday’s crucial bond auction has eased pressure on the euro.
Portugal continues to face pressure from EU politicians to request an ECB bailout today, and this is sending the euro down.
The outlook for the euro looks less than sunny this morning on reports that Portugal could soon seek an ECB bailout.
Hello and welcome to the Pure FX monthly report for December! Last month the G20 economies looked forward to 2011.
The GBPEUR exchange rate continues to hover at 1.20 this morning on reports that Portugal may seek an EU bailout.
Sterling has jumped to 1.1906 against the euro this morning on reports that EU officials hope to impose bondholder haircuts on investors in European banks.
UK businesses made higher profits in Q3 2010 than any time in 18 months according to new figures. Good news for sterling!
297k new US jobs were created in December according to figures released today by ADP. Good news no doubt for the US economy – but can it last?
British manufacturing activity hit its highest level since 1994 last month according to new figures, and this has boosted confidence in sterling.