Latest Articles by Tim Boyer

This morning’s report from the Ernst & Young Item Club which found that the real cost to the UK economy of high levels of inflation since 2010 has been £10bn. The news has held back the POUND STERLING on the day. The latest Rightmove House Price survey, released overnight, has done little to improve investor sentiment towards Sterling....

A significantly weaker than anticipated set of US Initial Jobless Claims data, released a short time ago in the States, has triggered a renewed bout of selling pressure on the US DOLLAR, sending the Pound to US Dollar exchange rate (currency : GBP USD) up from its intraday low of 1.5193 back up to close to the 1.5300 level as New York braces...

It was a good news / bad news morning in the currency markets for the Pound Sterling. On the credit side, the Bank of England’s Inflation Report saw the UK’s central bank upwardly amend its growth prediction for Britain’s economy, with overall activity expected to expand by 0.5% during the three months to the end of June 2013. The...

The New Zealand Dollar has been the major mover on the day in the global currency markets, losing 0.86% of its value against the Pound. The shift out of Kiwi-denominated assets has been triggered by the dramatic news that the Reserve Bank of New Zealand has intervened in the foreign currency markets in order to actively weaken the New Zealand...

Pound Sterling The Pound is little changed against the US Dollar as economists wait for the release of data that is expected to show that UK services industries expanded for a fourth-month in a row in April. US Dollar The ‘Greenback’ halted its biggest advance against the Euro in two-weeks ahead of economic data that is expected...

The Australian Dollar has risen to its highest level in two-weeks against the US Dollar as the market awaits the outcome of the US Federal Reserve’s two-day meeting; speculation is growing that the Central Bank will choose to maintain its bond purchasing programme in the foreseeable future. The ‘Aussie’ is also traded up against...

This morning’s session brought the release of some less than impressive German data in the form of the latest Ifo Business Confidence survey. The gauge of the mood amongst business people in the eurozone’s leading economy showed a sharp drop-off from March’s figure of 106.7 to show at 104.4 this month. Analysts had been anticipating a...

The weekend market shut down once again brought key developments from the UK following an announcement from one of the world’s three leading credit ratings agencies. Fitch announced late on Friday that it was set to strip Britain of its highly-prized AAA credit rating. The news that a second major credit ratings agencies since the turn...

A weak showing from this afternoon’s US Advance Retail Sales data for last month has added to the impression that America’s tentative economic recovery of the first three months of 2013 is stalling. Last Friday’s tame US Non-Farm Payrolls figure for March sowed the seeds of doubt in the minds of institutional investors, so when...

The POUND STERLING received a boost earlier today when the Bank of England announced that it would not be increasing the £375bn already allocated to its Quantitative Easing programme. A better than expected PMI Services sector survey added to the positive lustre surrounding the UK tender on the day. Analysts expect Sterling to trade on a...