Tag Archives: Buying Pounds
Draghi Disappoints the Markets
So after all of Draghi’s optimistic and bullish comments of last week, indicating he might introduce some dramatic measures to stabilise the Euro and more importantly the Euro zones soaring bond yields he…………did nothing. Off the back of his strong words last week Draghi seemed to back track yesterday and talk his way out of the difficult situation he got […]
Super Mario Draghi’s Big Day
In what is being the called the most anticipated ECB press conference to date, Mario Draghi is expected to do one of two things. Either he follows up last weeks comments, ‘I will do whatever it takes to protect the Euro’, with some real fire power and outlines plans for the ESM to receive a […]
Spain Recession as Expected, All Eyes on Italian Bonds
Thursdays comments from Mario Draghi brought support to the Euro basically stating he will do whatever it takes to protect the Euro, this saw it clamber from lows against the Pound and the USD. But the gains were partially erased on Friday when Spanish unemployment came out worse than expected at 24%. In a joint statement from […]
Spain On Fire as Greece Smoulders
Spain So 2 of the 17 regions (Valencia and Murcia) in Spain have now formally requested help from their central government to help them with their debt. It started on Friday with Valencia and quickly spread to Murcia by Monday, this sparked fears by investors that a full-scale bailout for Spain would be soon requested. Spains […]
Spain on the Verge of Full Blown Bailout
GBP The Pound reached new highs against the Euro on Friday (it’s highest since October 2008) as worries about Spain fuelled the flight to a safer haven. Despite a string of poor data releases for the UK last week and still technically being in recession, investors are still choosing the Pound over the Euro, mainly […]
