Euro Spread Betting Update - Investors Sell Sterling
Sterling spent the first four days of the week around a one cent range. A couple of explorations above that range failed to improve the rate by much. A sell-off that began on Friday morning took the pound down and that was where it was trading when London opened this morning.
Monday’s [...]
Spread Betting Update - The US Dollar Has an Uncomfortable Week
Fed believes it could be ‘five to six years’ before the economy returns to normal.
Twice at the beginning of last week sterling tested support. Both times it rebounded, with Tuesday’s bounce setting it on the way to a peak on Thursday. A profit-taking sell-off on Friday brought sterling back down and it was [...]