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Source: IFX

Friday saw yet more weak UK data after the British service sector reported its slowest growth since April 2009, the actual figure came in at 51.3 against expectations of 52.8 and lower then the last reported figure of 53.1. Although the figure is...

Source: City A.M.

FOREX traders diligently looking at the cable chart in recent weeks might be rather gloomy about the outlook for the pound. Yesterday it broke below a key level against the dollar, which suggests there could be further weakness to come. Th...

Source: HSBC

The US dollar has strengthened over the past 24 hours as risk aversion continues to be the focus of trading on the markets. GBP/USD moved lower to breach its 200 day moving average at $1.5470 and continued to tumble overnight, trading around $1....

Source: HSBC

The markets have reverted to the risk on/risk off mindset which prevailed for much of H1 2010. To recap, the thinking is that the worse the news for the US economy, the less appetite for risk international investors have and in response they loo...

Source: FT

Inflation fell to 3.1 per cent in July but remained more than one percentage point above the Bank of England’s target, forcing Mervyn King, the bank’s governor, to write to George Osborne, chancellor, for the second time to explain why inflation...