Mark Bolsom, Travelex

Market commentary: 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.

Well received bond sales helped lighten the market mood

25 April 2012
Well received bond sales yesterday in Italy, Spain and more crucially, the Netherlands, helped lighten the mood in financial markets giving risky stocks and currencies a much-needed lift.

Dutch Prime Minister offers resignation over budget cuts

24 April 2012
Dutch Prime Minister, Mark Rutte, offered his resignation on Monday as the country’s coalition government collapsed amid battles over necessary budget cuts.

World leaders pledge up to $430bn in support for the International Monetary Fund

23 April 2012
World leaders pledged up to $430bn in support for the International Monetary Fund at a meeting between G20 officials in Washington over the weekend although the news has done little to lift sentiment ahead of another busy week in financial markets...

Financial markets little moved yesterday

20 April 2012
Financial markets were little moved yesterday after Spain’s sale of long-term government bonds ended with Madrid attracting enough investment at a price not far from expected levels.

Sterling powered its way to 19 month highs yesterday

19 April 2012
Sterling powered it’s way to 19-month highs versus the euro on Wednesday and reached similar peaks against a currency basket after Bank of England minutes struck an unexpectedly hawkish tone.

Currency markets normalised yesterday

18 April 2012
Currency markets normalised somewhat on Tuesday after improved global growth projections from the International Monetary Fund gave investors a lift.

US dollar eased across the board yesterday

17 April 2012
The US dollar eased across the board on Monday after better-than-expected US retail sales data helped lighten concerns about the health of the economy.

Global equity markets weaken since Friday’s close

16 April 2012
Global equity markets have weakened sharply since Friday’s close as renewed eurozone government debt worries continue to weigh on investor sentiment.

Chinese GDP figures spook markets in the Asian market

13 April 2012
Chinese growth figures released overnight spooked markets in the Asian session, temporarily lifting safe haven currencies such as the US dollar.

Evidence of improved market

12 April 2012
Despite the lack of local data releases yesterday, there was evidence of improved market sentiment from the outset.

Pound gets boost this morning

11 April 2012
A strong BRC retail sales figure released overnight has given the pound a boost this morning following yesterday’s session which saw risk aversion dominate.

Reaction expected to Friday’s disappointing US non-farm paryrolls figure

10 April 2012
European markets return today following the Easter Bank Holiday, with a delayed reaction expected to Friday’s disappointing US non-farm payrolls figure.

US dollar continues advances

5 April 2012
The US dollar continued its advance in yesterday’s session supported by data that continues to reveal a sustainable recovery.

Late rally in the US dollar down to FOMC minutes

4 April 2012
The release of the FOMC minutes caused a late rally in the US dollar yesterday. Far from the dovish tone expected, they revealed that there is very little chance of seeing further quantitative easing.