tag archive - ‘Pound Sterling’

Ireland’s Debt Rating Gets Cut

David Sumner | 07:55 | 13/07/11

Moody’s Investors Services reduced Ireland’s debt rating thereby boosting concerns that the crisis may spread to Italy as well. This affected the Euro, causing it to trade at the lowest price in four months versus the U.S. Dollar and pushing ...

China’s Metrics Cause Market Concern

David Sumner | 08:15 | 04/07/11

The Euro currency rose for the first time in weeks after the Greek Parliament approved the implementation of austerity measures proposed by Prime Minister George Papandreou. Investors are speculating that the ECB will raise the costs of borrowing money and ...

Market Sentiment Weakens Franc

David Sumner | 08:50 | 03/07/11

  The Swiss Franc dropped against most of its peers as market sentiment gravitated towards risk appetite. This optimism was based on the sentiment that policy makers managed to prevent the possibility of a Greek default. The Franc traded lower than ...

Greek Parliament Approves Cuts

David Sumner | 07:55 | 30/06/11

The Euro advanced against the U.S. Dollar on anticipation that the European Central Bank will boost the costs of borrowing money now that the Greek Parliament’s vote is out of the way. However, the currency reacted strangely and dipped below ...