Tom Frew

The Japanese yen fell to an 18-month low against the euro after the US House of Representatives voted in favour of measures to avert a series of tax-rises and spending cuts, known collectively as the fiscal cliff. After the vote was announced the euro soon rose to 115.995 yen. This was followed by the USD […]

From our Washington Correspondent: Following a series of protracted negotiations the US government reached an agreement to prevent the implementation of a series of tax rises and spending cuts, known as the “fiscal cliff”. Global markets responded positively to the news with the FTSE100 passing 6000 for the first time since July 2011 and Hong […]