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Dollar continues to strengthen against both the Euro and GBP. US Dollar exchange rate The dollar strengthened against its higher yielding peers as a measure of currency market volatility reached its strongest level since February. The greenback reached an almost six year high versus the yen on speculation US employment data tomorrow will back the …
Continue reading “Scottish Referendum kills pound exchange rates”
Good Morning Again we see the Great British Pound taking a hammering on what is a very quiet day for data releases. Attention today will be focussed on the appearance of Bank of England Governor Carney before the Treasury Select Committee, along with MPC members David Miles, Nemat Shafique and Martin Weale. The meeting takes …
Good Morning UK industrial production rose more than economists forecast in July, indicating momentum in the recovery was sustained into the start of the third quarter. Output increased 0.5 percent from June, the most in five months. Bank of England Governor Carneys speech at a TUC conference in Liverpool will attract some interest, in particular, …