www.currencyline.co.uk

By Tom Holian

Alisitair Darling dropped another clanger today when he announced public borrowing will rise to £175bn this year. Also, he is introducing a higher tax rate for those earning over £150,000 in one year. Unbelievable! no wonder everyone’s moving abroad. It reminds me of the brain drain glug glug glug…

By Tom Holian

The US Dollar has weakened to its lowest level in almost two months this afternoon following on from some good news announced yesterday by the Council of Mortgage Lenders. A sign of green shoots you may ask??

There is also news that the car giant General Motors may have to go into receivership but let’s see…my thoughts are that being American myself I think we’ll battle through don’t you??

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…)

By Tom Holian

The dollar rose against the euro and the pound this morning but fell versus the yen as global stocks dropped in response to renewed concerns about the U.S. automotive industry and banks (more…)

By Tom Holian

Dollar has gained against sterling and the euro this afternoon, erasing the early losses following UK stocks reversing course to fall to multi-year lows, prompting investors to seek the perceived safety of U.S. dollar assets. (more…)