The effort to save Greece has hit a crucial 48 hours. There’s a push to get a deal agreed by Wednesday night, when the Eurozone’s finance ministers meet. If negotiations are successful we could see sign-off on Thursday, and that could unlock billions of euros in financial aid for Greece. That would remove the risk […]

With June just around the corner, so is Greece’s debt repayment of €1.6 billion to its creditors. With negotiations continuing to stall over the restructuring of its repayments, high levels of volatility have begun to burden the euro, which weakened over 3.5% in May alone. With talks likely to continue well into June, this volatility […]

French property buyers could take advantage of its sharp decline.

The European Central Bank (ECB) yesterday unleashed a 1.1 trillion euro Quantitative Easing (QE) plan to stimulate the Eurozone economy and boost inflation. The programme will see the ECB buy a total of 60 billion euros of public and private assets per month, starting in March 2015 and running through to September 2016. Although the […]

The pound has managed to extend its gains against the euro resulting in a fresh 22-month high.

GBP Sterling soared last week after Bank of England governor Mark Carney suggested UK interest rates could rise “sooner than markets currently expect”. This was taken as a cue by investors to buy sterling, which drove up to a 19-month high against the euro, as the single currency broke below the 80 pence barrier. The […]

GBP Sterling powered on to fresh highs last week, bolstered by strong UK data that fuelled speculation the Bank of England will be forced to hike rates sooner rather than later. GBP/USD touched on the key 1.70 level (its highest since 2009) as service sector PMI spurred demand for the pound. But there was sharp […]

GBP Sterling was lower last week as a series of disappointing economic reports weighed on the pound. GBP/USD was down around a cent for the week, as an unexpected dip in UK house prices shook confidence in Britain’s economic recovery just as a key service sector PMI missed its mark. EUR/GBP hit its highest since […]

Weekly market analysis – the digestible currency market update which gives you an expert insight to key movements, and what to expect in the coming week, by Currencies Direct

Weekly market analysis – the digestible currency market update which gives you an expert insight to key movements, and what to expect in the coming week, by Currencies Direct