Banks

I’m not going to write about stocks today, but I will at least mention one.  Instead, I wish to direct your attention to the economy in general.  I’m also going to say some things that the media does not often say and politicians don’t want them to say it. The economy is out of control. […]

Pound Sterling The Pound spent most of the week softer against its peers as concerns over possible military action against Syria was the main driving force behind the markets. Tuesday’s session saw the Pound fall against the Euro following the release of positive data out of the Eurozone and as tensions over Syria saw investors […]

I can still remember when “Casual Friday” became all the rage.  (You youngsters thought there was always a “Casual Friday,” didn’t you?)  I know of one company where the “Casual Friday” expanded to five working days, so they instituted a “Tie Tuesday.”  I got to thinking this morning that today might be an ideal day […]

Pound Sterling The Pound spent most of the week higher against its major peers and on Monday it continued to ride higher against the US Dollar and Euro thanks to last week’s positive economic data releases. House price data released in the afternoon showed that prices had fallen for the first time in six-months in […]

The share price of the Royal Bank of Scotland (LSE:RBS) had dropped from 343.6 to 339.3 as of 13:20 today.  The consensus on the street is that the decline has come as the result of an statement by W&G Investments (LSE:WGI). The statement was in reference to the government-mandated divestiture of 315 under-performing RBS branches. […]

Pound Sterling The Pound made a second weekly gain after the UK currency received support from a host of positive economic data releases. On Monday Sterling made gains against the Euro as data showed that British banks increased the number of mortgages being approved .The data added credence to the belief that the UK recovery […]

Pound Sterling – The Pound began the week on a positive note after economic data continued to support hopes that the UK economy is making a strong recovery. A better than expected services PMI climbed from 56.9 in June to 57.4 in July. To ask a currency expert a question direct, click HERE Or to […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; A tough week for the FTSE 100 index, giving up 200 points high-to-low to revisit the lower end of its summer trading range. Markets continued to fret over the prospect of less Fed stimulus and have immediately questioned the […]

First major announcement under Mark Carney’s Governorship At its meeting on 1 August, the Bank of England’s Monetary Policy Committee (MPC) voted to provide some explicit guidance regarding the future conduct of monetary policy. The Committee intends at a minimum to maintain the current highly stimulative stance of monetary policy until economic slack has been […]

Britain’s banks have provided a bevy of news for the first Monday in August.  And – surprise!- not all of it is bad.  Not that long ago, any story about UK banks could have been written in one word:  “Disaster.”  Actually, it’s been so bad for so long that “bank” and “disaster” in the same […]