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NLVantage FX UK Market Wrap
May 17th
I’m afraid so, but the door is slamming shut. Most of the recent euro news has centred on Greece and its political storm, but today the reality of the Eurozone crisis reared its ugly head. Let’s start this morning with Spanish GDP figures. Spain needed to...
May 16th
Arguably, one of the clearest signs of economic strife is that of normal people lining the streets and withdrawing cash from their bank accounts. Those in the UK will remember the Northern Rock scenes not too long ago. Today, it was the turn of Greece. Gr...
May 15th
There is a joke circulating that goes along the lines of “Every German owns a summer home; it’s called Greece”. I know it is slightly controversial, but today the strength of Germany in comparison to the rest of the Eurozone was evident. Whilst Eurozone G...
May 14th
A massive crack is appearing in the Eurozone. We all knew that it wasn’t going to be long before a country walked out of the single monetary union and it looks like that time is now. Over the weekend, Greek politicians failed to come to an agreement over ...
May 11th
Yes, remember the Drachma? Well, apparently some banks hadn’t erased it from their books and others are preparing to flick the switch to Drachmas if necessary. It may be a worrying thought to some, but as the Eurozone conflict and economic challenges grow...
May 10th
The MPC voted against further Quantitative Easing today, in what is a predictably cautious decision. Some would say the ‘sensible’ decision has dampened the hopes of a British economic recovery and other commentators have noted the political pressure from...
May 9th
That’s right, enough Euro news for the day. All we seem to talk or hear about is everything that is wrong in the Eurozone. They next few weeks, or even months, will be about the Eurozone, so today I am going to talk about anything but the Eurozone. The Mo...
May 8th
As we all know, there is a new leader in France. Francois Hollande, the new socialist Prime Minister in France, managed to replace the pro-Euro stalwart Nikolas Sarkozy. At first, we all feared what would be in France if Hollande won. Would there be anarc...
May 3rd
Nothing about the Eurozone is normal. The concept of the European Union was far from the ordinary, the legal and political structure of the Eurozone is complicated, the economic crisis is catastrophic, the bailout value was spectacular and now the new cha...
