Sterling is the Star

Highlights The US dollar is little changed against most of the major foreign currencies, but sterling continues to respond favorably to yesterday’s budget.  News that for the first time since Aug 08 a BOE member (Sentence) called…

China Speculation Key Driver

Highlights The US dollar is generally softer.  News that China has agreed to make its currency more flexible has captured the imagination of the market and this has been expressed in what are regarded as risk trades.  Among the…

More on European Stress Tests

Stress tests on European banks have emerged as a key talking point. The criteria is not clear, though European officials are apparently telling anyone who is interested that the these tests are more robust than the previous tests conducted…

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