pound sterling

Messy Politics

March 23, 2011

Peripheral bond premiums in the euro area continued to widen.  Main focus is on Portugal, where a key budget meeting sees mounting resistance to austerity moves, possible fall of the government, and then need for bailout money or default. Allies are bickering over command responsibilities in imposing a no-fly zone over Libya. The minority Conservative […] More

Euro Off to Good Start This Year

January 21, 2011

A firmer euro is arguably the most significant currency market story of this young year.  The euro had gained 5.2% against the dollar at today’s high from its low two weeks ago.  The high of $1.3578 also constituted the strongest level since just before Thanksgiving.  On the euro’s crosses, the euro has recovered as much […] More