Tag Archives: PMI

Fitch Warns US is The Worst Performing AAA-Rated Sovereign

Posted on January 24, 2011 by

In general last week’s run of data has been upbeat. First, initial jobless claims fell back to close to 400,000 after the spike in the first week of the year. This reassures us that the increase in claims after the … Continue reading →

Posted in Banking, Foreign Exchange, International Payments, Money Transfers | Tagged , , , , , , , , , , , , ,

Euro Currency Rallies as Officials Pledge to Bolster Emergency Funding Facilities

Posted on January 24, 2011 by

The main focus this week was on the Eurogroup and the Ecofin meetings on Monday and Tuesday. Different extensions of existing mechanisms have been discussed in the media but no agreement has been reached. An expansion of the EFSF’s mandate … Continue reading →

Posted in Banking, Foreign Exchange, International Payments, Money Transfers | Tagged , , , , , , , , , , , , , , , , ,

A Weakened Outlook for UK and British Pound

Posted on January 4, 2011 by

The bullish breakout in the British Pound may gather pace in January as it carves out a bottom during the holiday trade, but the exchange rate may consolidate over the following week as the economic docket is expected to reinforce … Continue reading →

Posted in Banking, Foreign Exchange, International Payments, Money Transfers | Tagged , , , , , , , , , , ,