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By Stephen Hughes

Well it’s interest rate decision time in the UK today, which could have an interesting effect on exchange rate movements.

The likelihood is that there wont be any change (I mean with the base rate currently at 0.5% they haven’t left themselves much room for manouver have they??), but there is still the slimmest of chances that we could see another 0.25% reduction to the cost of borrowing, assisting those of us with mortgages, credit cards and loans but further hampering those of you with savings to consider.

2 hours to go………….

Happy Easter

Eugene!

By Tom Higham

You heard it here first! (more…)

By Aidan Meikle

Following on from the article yesterday afternoon, Europe’s recession does in fact deepen.  So why is confidence growing in the Eurozone??  Why are the Europeans confident with the way that their governemnts are handling the recession well, when the data releases suggest the recession is getting worse?  It doesn’t look good. (more…)

By Aidan Meikle

Eurozone data released today puts further pressure on the Euro as even though confidence levels are up, the Producer Price Index and Retail Sales data releases are worse than expected. (more…)

By Tom Holian

Already today we have seen massive gains for sterling against the dollar as risk appetite increases on hopes of coordinated steps by Group 20 leaders and better than expected housing data. (more…)