Further signs of economic recovery are expected this week, but we are still at the early stages and very stimulative policy measures remain in place. In the UK, a weaker sterling, such as we have seen in the past week, is a necessary prerequisite for a structural rebalancing of the…
Archive for September, 2009
Pound Falls Sharply on BoE Governor King's Comments
On September - 29 - 2009
Sterling has been one of the weakest currencies this week, with only the Canadian dollar underperforming in the G-10 currency space. GBP/USD has closed the week at 1.5992, recording a fall of 1.7%. The depreciation in the pound has been broad based with GBP/ EUR also falling 1.7%, to close…
This Week's Market Outlook
On September - 29 - 2009
Following last week’s preliminary signals that risk assets may be stalling, this past week saw stock markets lose ground, key commodities reverse gains, and the USD bounce after testing key support levels. To be sure volatility remained high during the week, with new risk highs being made, but weekly closing…
Source:This Week's Market Outlook
EURUSD: Halts Gains, Triggers Corrective Pullbacks
On September - 28 - 2009
Even though EUR still maintains its medium term uptrend triggered off the 1.2456 level in Mar’09, nearer term that trend has stalled and corrective pullbacks triggered pushing the pair lower to close at 1.4689 the past week. This is coming on the back of a failed test of the 1.4844…
