Excitement around Greek deal evaporates
22 February 2012
Initial excitement around Greece’s latest rescue loan quickly evaporated on Tuesday as investors fret Athens will find it almost impossible to execute certain measures.

Mark Bolsom, Travelex
Mark Bolsom is Head of the UK Trading Desk at Travelex Global Business Payments.
Travelex Global Business Payments is a global foreign exchange specialist providing payments and receipt of domestic and international funds for businesses of all sizes. For more than 30 years, Travelex Global Business Payments has provided clients with sophisticated market knowledge, leading edge technologies and practical and innovative solutions tailored to individual requirements. Every year, Travelex Global Business Payments processes payments around the world over 35,000 businesses to 1 million beneficiaries.
22 February 2012
Initial excitement around Greece’s latest rescue loan quickly evaporated on Tuesday as investors fret Athens will find it almost impossible to execute certain measures.
21 February 2012
Investors finally received confirmation last night Greece will be granted its second bailout package worth over €130b after Athens promised to implement tougher spending cuts.
20 February 2012
Sterling is heading back towards November highs against the US dollar after Friday’s forecast-beating UK retail sales data offered hope the British economy would avoid recession.
17 February 2012
After a fairly jaded start, currency markets came alive on Thursday once US markets opened and data on weekly US jobless claims, sent stock markets soaring and safe haven currencies tumbling.
16 February 2012
Sterling rose sharply against the euro on Wednesday amid signs European leaders are re-considering plans to save the Greek economy.
15 February 2012
Europe’s debt crisis continues to dominate headlines in currency markets after China announced that it is willing to offer more support in order to maintain stability across the eurozone.
14 February 2012
The euro’s outlook is back under a dark cloud after Moody’s Investor Service announced yesterday it had downgraded the credit rating of six European countries.
13 February 2012
Currency markets are off to a positive start this morning after politicians in Greece voted in favour of an even more unforgiving austerity package.
10 February 2012
Investors put a check on carry trade activity last night after eurozone finance ministers rejected an austerity package put forward by Greece meaning Athens has failed to meet conditions attached to its second emergency bailout.
9 February 2012
Greece moved one step closer to its next instalment of bailout cash which is currently being held back by its group of creditors demanding more stringent spending cuts.
8 February 2012
The euro soared alongside risky assets on Tuesday on optimism Greece was preparing to vote and agree on austerity measures which would see Athens receive its next instalment of emergency aid.
7 February 2012
The Australian dollar rallied overnight and helped prop up its commodity-linked counterparts after the Reserve Bank of Australia surprised markets by keeping interest rates unchanged at 4.25% following its monetary policy meeting.
6 February 2012
Stuttering debt talks in Greece over the weekend have helped restrain a somewhat bullish mood in financial markets after US Non-farm payrolls data completely outstripped expectations on Friday.
3 February 2012
The pound is in danger of profit taking given its sharp spike to almost 3-month highs against the US dollar ahead of this morning’s local data which is forecast to show growth in Britain’s key services sector slowing.
2 February 2012
Declining borrowing costs for some of Europe’s debt-strapped nations and talk of more European Central Bank intervention helped keep traders favouring more risky stocks and currencies yesterday.
Alpari (UK) | Bank of America Merrill Lynch | Commerzbank AG | Currenex | DataLog Finance | Davies Arnold Cooper | FXall | FXCM | FXecosystem | FxPro | GFI Group | QuantumFX | riskart | SS&C | Turaz | TwoFour | Wall Street Systems |
© Russell Publishing Limited, 2010-2012. All rights reserved | Website design and development by e-Motive Media | Terms & conditions of use | Privacy policy
Login Status