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Real Time Currency News > Tuesday, April-08-2008

Surgin Renminbi

The world’s favourite scapegoat currency is on the up. China’s renminbi, revalued at Rmb8.11/$1 in July 2005, is now within a whisker of Rmb7/$1. It has strengthened by some 4 per cent against the dollar so far this year following a 7 per cent appreciation in the whole of 2007. Is Beijing relaxing its traditional opposition to a stronger currency?

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Real Time Currency News > Tuesday, April-08-2008

Bernanke warns US economy could shrink

The US economy will not grow much if at all during the first half of this year and “could even contract slightly”, Ben Bernanke said on Wednesday, admitting for the first time that a “recession is possible”.

The chairman of the Federal Reserve said its recent actions – big interest rate cuts and emergency measures to support market liquidity – “appear to have helped stabilise the situation” in financial markets “somewhat.” But he said those markets remained under “considerable stress”.

Real Time Currency News > Friday, April-04-2008

Pound reaches 2.0000 against the Dollar

Sterling has strengthened today back to a rate of 2 dollars to the pound for the first time in a week.

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Real Time Currency News > Wednesday, April-02-2008

Has the worst of the credit crisis passed?

2 large Banks , Lehman Brothers and UBS announced new share issues yesterday and the market took an optimistic view that the worst of the credit crisis is over.

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Real Time Currency News > Tuesday, April-01-2008

Sterling lifted from record low against the Euro

The pound bounced back slightly overnight against the Euro following its record lows yesterday.

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Weekly Foreign Exchange Update > Monday, March-31-2008

w/c 31st March 2008 Weekly foreign currency summary

Highlights for this week

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Real Time Currency News > Friday, March-28-2008

Sterling at all time low against the Euro

The pound fell this morning to an all time low against the Euro at 1.2636. This followed the release of housing data and consumer confidence figures.

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Real Time Currency News > Thursday, March-27-2008

High Chance of Interest rate cut next month

Futures markets expect the Bank of England to cut borrowing costs next month following analysts stating that the pound would stay weak.

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Real Time Currency News > Wednesday, March-26-2008

Sterling weakens after Bank of England announcement

The Bank of England announced this morning that risks to sterling were to the downside. This had an immediate impact on the market and sterling began to slide.

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Weekly Foreign Exchange Update > Tuesday, March-25-2008

w/c 25th March 2008 Weekly Foreign Currency Summary

Good Morning, Tension levels remain high as markets continue to be awash with rumours about the fall out from the ongoing credit crisis. Markets are likely to remain distracted by such events again this (holiday shortened) week, though a number of other key data releases will also feature as important aspects.