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UK Terrorist Alert
Thu, Aug 10 2006, 14:55 GMT
by Sandra Garcia, Noemi Jansana
On August the 10th UK lived a day on maximum terror alert after police said they foiled a terrorist plot to blow up 12 planes flying between Britain and the United States. 21 suspects have been arrested under the Terrorism Act 2000 in London, the Thames Valley and Birmingham.
The terror threat increased volatility in all the markets. In terms of Forex, GBP and EUR were affected: During the day after the facts, GBP/USD and GBP/CHF fell on the news.
FXstreet.com has compiled information on news coming from UK and U.S. and market repercussions on this special report.
- Where are currencies going now? Get the picture on FXstreet.com Rates & Charts
- Read the Air travel advice to passengers from the UK Government
In-Depth Analysis
- Daily Technical Strategy for Aggressive Profits - UK ON MAXIMUM TERRORIST ALERT: Trade Balance for US expected negative by Cashmonsterz
- Forex Trading Strategies - Terrorism Takes Center Stage by Saxo Bank
- Daily FX Commentary - Security fears hurt Sterling by Investica
- US Open Market Points - Terror Threat Hurts Pound and Euro by FXCM
- Forex Markets Today - Terror concerns inject volatility ahead of US numbers by CMC Markets
Related News
- European shares slide, bomb plot rattles investors (Reuters)
- UK shares close off lows but spooked by bomb plot (Reuters)
- Forex - Pound recovers some ground after drifting lower on terror alert news (AFX News)
- UK terror plot pressures sterling; US trade due (Reuters)
- 6-Oil down $1 after UK says foils aircraft bomb plot (Reuters)
- Stocks fall after terror arrests (AFX News)
- Airline plot in "final stages" of planning when foiled (AFX News)
Analysts Comments
- Neil Mackinnon, chief economist at ECU Group:
"The elevation in the terrorist alert has created volatility in the currency markets, and the pound has sold off a little bit and the dollar has come under a little bit of pressure." - AFX News - Dariusz Kowalczyk, senior investment strategist at CFC Securities:
"This could be an accelerated reaction similar to what happened after Sept. 11. After 9/11 prices rose because people were thinking about supply stability. However, later on oil fell, because people said consumer confidence will fall and global growth will slow. After this UK consumer confidence may decline, which will be negative for growth in the UK and beyond, which may affect oil demand." - Reuters
Published on Thu, Aug 10 2006, 16:39 GMT
Archive
- Markets reacting to global rate cut
Published On Wed, Oct 8 2008, 11:58 GMT - Fed's interventions in the markets
Published On Thu, Aug 23 2007, 15:04 GMT - Global Liquidity Crisis
Published On Fri, Aug 10 2007, 10:14 GMT - World equity markets sell-off
Published On Wed, Feb 28 2007, 14:12 GMT - U.S. Housing Bubble
Published On Tue, Nov 28 2006, 09:58 GMT
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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