Archive for the ‘Financial News’ Category
A change to the site
February 8th, 2010 | 
Author: There have been some changes recently, in how we (Alan and I) have personally been transferring money from the UK to here. Many of you will have seen that we have banners for HiFX and Axia on our website. They will remain, as they have provided us with a good service, so have no reservations in recommending them. Read the rest of this entry »
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Financial Commentary. October 2009
Hi All,
Here is an update of what’s been happening in the Currency Markets throughout October with the Euro. Read the rest of this entry »
Financial Commentary. Sept 2009
GBP/EUR
The month started with mortgage approval data from the BBA (British Bankers Association) showing a rise from 35.6k to 38.1k, a 76% increase on the year. However, focus fell upon the fall in net mortgage lending (£2.2 billion to £1.6 billion) as homeowners and consumers continue to pay down debt. Similarly, another monthly rise in the Nationwide house price survey sent the annual decline to just 2.6%, but worries about the lack of properties for sale distorting the figures and the unavailability of mortgage deals for 1st time buyers, meant this data also contributed to the negativity surrounding Sterling. Read the rest of this entry »
Financial Commentary. Aug 2009
GBP/EUR reached back to 1.18 for the first time since the end of June. Recent data again demonstrated the contrast between the UK and the EU with the former’s service sector survey rising for the 3rd month in a row above 50 and the EU’s falling short at 45.7. The UK also recorded monthly gains in industrial production, while EU retail sales remained stubbornly negative. Read the rest of this entry »
Financial Commentary. July 2009
Just when the green shots were at their greenest with consumer confidence and house prices running high and Sterling reflecting the momentum of this recovery, the final reading of Q1 GDP (Gross Domestic Product) brought everything crashing back to earth. Despite this data being considered historic (we are a clear quarter further on now), the fact that growth dropped by 2.4% (almost 10% if annualised), the deepest in 50 years, was a reminder of how severe this recession has been thus far and therefore how fragile this
recovery seems in comparison. Read the rest of this entry »
