Tag Archives: Greek Exit
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 […]
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 […]
Super ‘Mario Draghi’ing the Euro On
EUR Comments from Mario Draghi yesterday picked the Euro up from its slump against a majority of currencies. His strong words were essentially the ECB will do everything and anything in its power to not let the Euro fail and new initiatives will be succesful. The Euro actually rose by 1% against the USD on the […]
GBP Battered by GDP
Yesterday we saw GDP figures QOQ and YOY show a significant decline, in fact three times less than expected. QOQ came in at -0.7% rather than the expected 0.2%, this set GBP/EUR to have its largest fall in 3 months and it lowest for two weeks against the USD. Despite this knock I still belive […]
GBP EUR USD Outlook for Today and Yesterdays Trading
GBP The Bank of England minutes indicated we are very close to more QE in the UK with a 5-4 split in favour of leaving it on hold this month, but could be reintroduced as early as next month with one more member of the MPC voting in its favor. QE dilutes the currency in […]
