By Barbara Zigah Recent events, including the downgrade of Spanish and Greek debt, the geopolitical turmoil in oil-producing nations, and a major earthquake in Japan, have sent many investors in search of safer investments. It was earlier reported that the yield between German bunds and other E.U. nation debt instruments widened today, though that is [...]
Tag Archives: forex
Sterling Surges Higher on Improved Trade Imbalance
By Barbara Zigah Ahead of the Bank of England’s rate decision tomorrow, the Pound Sterling is seeing broad gains following today’s release of encouraging trade data. The U.K.’s National Statistics Office reported improvements in the January trade balances between the U.K. and the European Union, as well as the U.K. and non-European Union nations. In [...]
Greek Debt Downgrade to Junk Status Has Markets Wary
By Barbara Zigah Last week’s excitement over the prospect of an ECB rate hike has waned, evidenced by wary investors more cautious than ever over the continuing saga of Eurozone peripheral debt. On Monday, Moody’s, the international ratings agency, aggressively downgraded Greece’s sovereign debt by several notches to B1, and kept the country’s debt “outlook” [...]
