LONDON, March 26 (Reuters) – The euro struggled near
four-month lows against the dollar on Tuesday as markets
remained anxious about negative implications of the Cyprus
bailout plan and if it would serve as a template for other euro
The single currency was hurt by fears that future euro zone
bank rescues could impose a burden on depositors. The overall
bleak outlook of the broader euro zone economy and political
uncertainty in Italy also weighed on it.
LONDON (Reuters) – The euro erased gains made earlier on Monday against the dollar after a deal between Cyprus and its lenders removed the immediate threat of financial meltdown but markets still fretted about the future implications of the bailout.
Worries about an economic slowdown in the currency bloc, political uncertainty in Italy, and prospects of the European Central Bank easing monetary policy in coming months to support growth were also expected to weigh on the currency.
ARGH!! Account hacked again! Please don’t open any message from me that says something about a ‘funny picture of you’… dammit Twitter!
LONDON (Reuters) – Sterling extended gains on Thursday after market expectation for looser policy from the Bank of England was pushed back as Chancellor did not change the central bank’s remit as drastically as some had anticipated.
Minutes from the latest the Bank policy meeting, showing less support for further asset purchases, with some monetary policy committee members voicing concerns about the weak currency, also lifted the pound as investors who had bet against it were forced to cover their short positions.
Sterling does a u-turn.. from being down 0.4 pct at $1.5034 vs dollar to now up 0.2 pct at $1.5135… wonder if UK budget has any surprises
BoE QE 6-3, change in tone on sterling with some in MPC saying more QE = unwarranted fall in GBP – now UK budget, Cyprus and U.S. Fed left
LONDON, March 20 (Reuters) – The euro held firm against the
dollar on Wednesday as buyers emerged after the single
currency’s slide to a four-month low following Cyprus’s
rejection of the terms of a proposed bailout.
The Cypriot parliament overwhelmingly rejected a proposed
levy on bank deposits as a condition for a European bailout on
Tuesday, throwing international efforts to rescue the latest
casualty of the euro zone debt crisis into disarray and
triggering a sell-off in the euro.