http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2012-01-10.htmlIntroduction Unfortunately, for all the talk about a solution to the European debt situation in 2011, no satisfactory rescue plan is yet to emerge. As a result, fear over a euro break-up is guaranteed to be the main market story of 2012. We have received a fair few questions from clients as to what would happen to the euro, euro contracts and such in the event of a breakup. The truth is that no one knows for sure exactly what will happen in the Eurozone in the next few months. However, we’veTue, 10 Jan 2012 07:40:15 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2012-01-10.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-11-29.htmlThe latest global growth predictions from the Organisation for Economic Co-operation and Development (OECD) were released this morning and needless to say they made fairly grim reading. You could summarise it briefly by saying that the body believes that the global growth situation will continue to deteriorate in the coming months, but that a significant short, sharp drop lower cannot be ruled out as a result of the situation in Europe. In any case, central banks should be printing money toTue, 29 Nov 2011 07:27:14 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-11-29.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-11-01.htmlTake a pinch of negative retail sales, a dash of high unemployment and add to a £15.9 billion public sector net borrowing requirement. Be sure to squeeze household spending then rub in high inflation, low wage growth, public sector job cuts and crippling austerity measures. Combine the two mixtures, bring to the boil for a few months and serve on a platter of Eurozone debt contagion and a slowdown in global growth. If that isn’t a successful recipe for a recession I don’t know what is. The IMFTue, 01 Nov 2011 09:59:20 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-11-01.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-09-27.htmlTake a pinch of negative retail sales, a dash of high unemployment and add to a £15.9 billion public sector net borrowing requirement. Be sure to squeeze household spending then rub in high inflation, low wage growth, public sector job cuts and crippling austerity measures. Combine the two mixtures, bring to the boil for a few months and serve on a platter of Eurozone debt contagion and a slowdown in global growth. If that isn’t a successful recipe for a recession I don’t know what is. The IMFTue, 27 Sep 2011 07:06:20 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-09-27.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-09-20.htmlAt the end of what was another eventful week on financial markets a lot of us were left thinking “how on earth could a trader rack up losses of $2.3 billion and no one notice until now?” If the UBS rogue trader, Kweku Adeboli, could pick anyone’s brains as to how to structure his defence, George Osborne would probably come top of the list. Our chancellor seems to have overlooked a £12 billion funding gap in public finances just two months prior to his autumn statement on 29th November. TheTue, 20 Sep 2011 06:24:43 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-09-20.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-09-13.htmlCould the unthinkable double dip happen? The UK economy is showing signs of fragility yet again. The services sector, which accounts for 75% of economic output, showed its biggest decline in a decade in August. Industrial and Manufacturing production are also on the slide, having propped up the economy for the past 2 years they now appear to be running out of steam. So, the question is where can we turn for help in an effort to kick start the UK again? It certainly won’t be coming from ourTue, 13 Sep 2011 06:31:06 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-09-13.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-08-31.htmlOn Friday, the Office for National Statistics confirmed with its second estimate that the UK economy grew by 0.2% in the second quarter of 2011. George Osborne has come under fire from the opposition who claim that VAT hikes and overzealous austerity measures were hampering the recovery. However, the chancellor will feel relatively happy considering UK growth was ahead of France’s and Germany’s between April and June. The ONS also repeated its argument that one off factors such as the TsunamiWed, 31 Aug 2011 06:31:07 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-08-31.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-08-02.htmlThe UK economy grew by 0.2% in the second quarter of 2011. Predictably, Osborne described the figure as “good news” whilst the opposition accused him of choking the recovery with austerity measures and VAT hikes. The net growth figure for the previous 9 months is also 0.2% demonstrating the economy has been at a near stand-still since October 2010. However, the office for national statistics did offer up several one-off factors during spring that are believed to have dented growth by as muchTue, 02 Aug 2011 05:45:51 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-08-02.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-07-19.htmlWith the markets attention turned to debt ceilings, stress tests and credit downgrades, Sterling made some decent gains out of the spotlight throughout last week. It was not a case of seeing particularly good data come out of the UK, far from it. It was more that we are not doing as badly as our Eurozone neighbours or our cousins across the pond. The Bank of England MPC will have felt the pressure come off when UK CPI, a key measure of inflation, fell back from 4.5% to 4.2%. The BoE hadTue, 19 Jul 2011 06:03:52 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-07-19.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-07-12.htmlIt’s been another week of mixed messages regarding the fortunes of the UK economy. Last week, the headlines read like obituaries for some of the UK’s most recognisable retailers and yet UK retail sales figures showed recovery. This week started with PMI construction data, coming in as expected at 53.6, with a figure above 50 showing expansion in the sector. With construction picking up over the past few months you would expect more jobs to have been created. Worryingly the sector witnessed theTue, 12 Jul 2011 07:45:54 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-07-12.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-07-05.htmlSentiment in the retail sector took a dive following the news that Thornton’s will close 180 shops nationwide and Habitat announced it was going into administration. Retail sales figures of late had suggested it was getting tougher on the high street as consumers are feeling the squeeze of low wage growth and high inflation. On Monday, the third estimate for Q1 GDP threw up few surprises when it was confirmed once more that the UK economy grew by 0.5%. There was a slight upward revision inTue, 05 Jul 2011 06:12:31 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-07-05.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-06-21.htmlUK data started the week by falling at the first hurdle and failed to make a convincing recovery after that. No change in the state of the housing market, continuing to cough and splutter with the RICS Housing Price Balance out at -28 versus a previous reading of -21. The consumer price index matched expectations in posting a 4.5% rise year on year. It seems that Mervyn Kings prediction of hitting 5% in 2011 looks increasingly likely. Typically a high reading for inflation is bullish forTue, 21 Jun 2011 06:28:07 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-06-21.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-06-14.htmlMuch to Ed Balls’ dismay, Chancellor George Osborne got a collective pat on the back this week from the IMF and the credit ratings agency, Moody’s. Both independent assessments stated that the government had taken the correct measures for getting the UK economy back on track. Unfortunately this was not reflected in this week’s data but did help the UK hold onto its AAA credit rating. Retail sales for May have come crashing back down to earth with a bang. The feel good factor surrounding theTue, 14 Jun 2011 06:57:49 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-06-14.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-05-24.htmlThe UK CPI annual rate of inflation came out last Tuesday and rose to 4.5% in April following the temporary drop to 4% seen in March. Mervyns’ letter to Osborne, explaining why the inflation rate was above the bank’s target of 2% will undoubtedly cite a jump in transport costs as the major contributor, in particular air and sea fares but the belief is that these pressures will fall off through the rest of the year. Sterling picked up on the back of the news but the inflation reading isTue, 24 May 2011 06:50:30 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-05-24.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-05-17.htmlOn Monday, bearish data for the UK housing market could have been foreseen. The muddied waters of the UK’s economic outlook were always likely to weigh on individual’s financial circumstances and deal a heavy blow to housing demand. Halifax House Prices decreased from 0.1% in March to -1.4% in April. The RICS housing price balance came in at -21% painting a bleak picture of the UK housing market. The Bank of England inflation report gave Sterling a shot of adrenalin as it looks increasinglyTue, 17 May 2011 07:18:18 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-05-17.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-05-10.htmlThe Bank of England interest rate announcement last Thursday brought very few surprises. Interest rates were kept on hold for a 26th consecutive month, there were no further stimulus packages to speak of and market participants let out a collective yawn. The current condition of the UK economy will have undoubtedly divided the opinion of committee members. Should we hike rates in an effort to curb inflation rates of 4%? – Levels which are double the BoE’s target. Or, should we keep rates onTue, 10 May 2011 07:57:06 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-05-10.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-05-04.v02.htmlThis morning’s manufacturing news brought the UK back with a jolt from the balmy long weekend. It was revealed that the sector had slowed to its weakest in seven months in April, this is particularly disastrous as we were banking on the recovery in the manufacturing sector being the one which would winch us back to safety. The idea that the manufacturing recovery could already be losing steam will also be a worry for the BoE interest rate decision on Thursday, as the confidence which has beenWed, 04 May 2011 11:58:23 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-05-04.v02.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-04-27.htmlI hope you all had a lovely Easter weekend, I think most of us in the office are still recovering! I imagine the government are feeling a little ropey as well, with the growth figure out this week. There is a cautious air wafting from Downing Street, as a spokesperson for Cameron said ‘rebalancing the economy was always going to be difficult’. Osborne is preparing the cabinet for some lacklustre preliminary first-quarter growth figures tomorrow, by saying the economic situations were ‘clearlyWed, 27 Apr 2011 07:23:38 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-04-27.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-04-19.htmlThe government has been focussing on the May 5th referendum on voting over the past week, and as the day draws nearer tensions are stretching to boiling point. Cameron warned the British public today that there were dangers to the electoral reform which could undermine the young coalition government. He is worried about the distraction caused by the Royal Wedding and the Bank Holiday bonanza which approaches, in a speech today he said we could ‘sleepwalk into the second-rate system, waking upTue, 19 Apr 2011 06:52:09 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-04-19.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-04-12.htmlThe Independent Commission on Banking has proposed new regulatory options in the biggest shake-up of the banking sector for over a generation. The report has been long awaited and the proposals today will be the subject of much debate as the commission prepares the final report in the Autumn. The idea of the potentially costly reforms are that they will protect retail operations from riskier investment banking activities, while boosting capital levels and allowing taxpayers to be exempt fromTue, 12 Apr 2011 08:03:08 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-04-12.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-04-05.htmlIt won’t be a surprise if this week is devoted to the oncoming interest rate decision on Thursday, as the UK attempts to guess what the Bank of England will vote towards. If they do decide to raise the rate this would be good news for Sterling, which has remained in a weakened state over the past few days. Likewise, if the interest rate is decreased then the BoE will flood the market with Pounds and therefore sterling would continue to depreciate. At March’s meeting the rate was held at 0.5%Tue, 05 Apr 2011 09:50:35 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-04-05.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-03-29.htmlLondon is starting to clean up the mess the protestors made on Sunday, although it was a mainly peaceful march to protest against the public spending cuts there was inevitably a few hundred people who turned to violence. In retrospect circa 500 out of a quarter of a million is a very small handful of trouble makers, but trouble they did make. There was damage to banks in particular as many Britons are blaming banks for the financial crisis that led to the spending cuts, while other protestorsTue, 29 Mar 2011 07:01:51 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-03-29.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-03-22.htmlThe Budget announcement reigns supreme in UK economic news as we near Wednesday, and although Libya and Japan are in the World’s sights it is important to assess and understand the impact of the coming Budget on the UK economy. You would be forgiven for expecting the worst after the introduction of tax rises and spending cuts since the coalition came to power in May. David Cameron has promised us that it will be the ‘most pro-growth budget in a generation’ while Osborne speaks of moving fromTue, 22 Mar 2011 06:06:31 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-03-22.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-03-08.htmlThe gossip has been rife over the weekend, with most of the attention falling on George Osborne who signalled the treasury’s support of the Independent Commission on Banking. The commission is looking into the benefits of separating the larger UK banks into retail and investment banking companies. This show of support comes after Mervyn King received bitter complaints from Bankers who see his desire to restructure the sector as loaded with potential danger. King told the Telegraph on SaturdayTue, 08 Mar 2011 10:12:12 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-03-08.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-03-01.htmlLast week we saw a bombshell drop on the UK economy, with the fourth quarter growth figure shrinking to -0.6%. This was worse than the Office for National Statistics had expected, at -0.5%. The finger of blame is being pointed to the big freeze in December but apparently the economy would have shrunk by 0.1% even without the icy atmosphere. Naturally this would encourage worries that the economy was floundering even before the VAT hike kicked in and the spending cuts deepen in April. It isTue, 01 Mar 2011 09:17:40 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-03-01.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-02-22.htmlDavid Cameron has become the first western leader to visit Egypt since Mubarak was evicted from power. He arrived in Cairo today and has been preparing for several meetings with the acting government, at a time which he hails as a “great opportunity for Egypt”. It was a bold move from our Prime Minister as it has only been 11 days since the military council took power and there is doubt in the country over if their demands will actually be met. His quick-paced visit could embarrass PresidentTue, 22 Feb 2011 07:36:56 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-02-22.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-02-15.htmlThis week is being held hostage by the Bank of England’s inflation report on Wednesday morning, partly because the decision to keep interest rates unchanged could have been a close call and we will find out just how close when the report comes out. Of course there is a limit to the shock factor of these figures as the MPC would have has a glimpse at them and still decided not to raise rates. What is generally assumed is that the combinations we mentioned in last week’s sterling update, namely;Tue, 15 Feb 2011 06:55:13 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-02-15.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-02-08.htmlThe coalition received a boost in confidence last week after the services sector in the UK rebounded to 54.5 in January. This was the highest the survey has been since May last year and was released at the same time as an equally strong manufacturing sector survey was released. Prices charged by companies for services also rose at the fastest rate since September 2008 thanks to the VAT rise and a rise in their own costs. This data added fuel to the fire under speculations that the MPC mayTue, 08 Feb 2011 07:50:57 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-02-08.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-02-01.htmlLast week was dominated by the surprising drop in the GDP figure at the end of last year. Growth in the UK slid by 0.5% according to the ONS’s preliminary reading, this was made even worse coming after the positive data from the 3rd quarter. The news naturally led to fists being shaken at the government, but the austerity measures can hardly have caused the slowdown in growth as they only really kick in this year, it is more likely that the cuts affected confidence. The coalition are stickingTue, 01 Feb 2011 09:10:17 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-02-01.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-01-19.htmlThe MPC came to a decision to leave interest rates on hold last week which was precisely what was expected. This predicted turn of events highlights the growing concerns that the committee is allowing an inflation problem to develop in the UK. These worries are clearly reflected in the bond market, what with the rise in ten year gilt yields in the last four months, which reflected a sharp increase in break-up inflation rates. This can be attributed to a lack of faith in the MPC, which wouldWed, 19 Jan 2011 06:02:08 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-01-19.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-01-11.htmlAll of that Christmas bonhomie has been stretched to breaking point as disgruntled January sets in, I was suspicious that it wasn’t going to last. One of the antidotes to drinking large quantities of mulled wine and spending too much seems to be channelling rage over the banker’s bonuses which are due out in the next month. David Cameron has taken some stick over the controversial bank payments after he was reluctant to ‘micromanage’ the banks. It is pretty clear that he believes theTue, 11 Jan 2011 07:10:51 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2011-01-11.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-12-21.htmlWhoever was dreaming of a white Christmas certainly would not have anticipated the nightmare that the UK has become over the weekend. Apart from icy roads and halted flights it has been the retailers who are panicking about how the snow fall will affect the sales over the last weekend before the festive period. Friday’s retail sales figure came out as expected for November but the real pick up in the figures was meant to come from the rush to spend more before the VAT rise comes in January,Tue, 21 Dec 2010 05:48:23 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-12-21.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-12-14.htmlMore dire news was released this morning for the UK housing market, as the Rightmove House Price Index showed a rise from -3.2% to -3.0%, which hardly warrants the term rise! That was also paired with the news that there could be further falls of about 5% next year, this knock to the housing market also caused some damage to sterling this morning as it fell from the 1.19 levels. We are not surprised that nothing but negative housing data has come to light recently, on Friday it was made clearTue, 14 Dec 2010 06:04:00 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-12-14.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-12-07.htmlTue, 07 Dec 2010 05:37:53 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-12-07.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-11-30.htmlTue, 30 Nov 2010 05:21:46 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-11-30.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-11-23.htmlThe Irish financial crisis has been dominating headlines over the weekend, and what is bothering the UK is -- how will this affect us? Aside from the apparent selfishness of this comment, the worries of contamination are very real, it is clear that if the situation in Ireland gets worse than the eurozone will be damaged. It is becoming clearer that the UK will not be able to get away scot free, partly because we have 149 banks which would lose out should Ireland fail to stand by itsTue, 23 Nov 2010 05:29:33 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-11-23.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-11-16.htmlThe G20 summit meeting last week was a bit of a damp squib; although the outcome could have been a lot worse it was clear that the re-spun words on familiar topics did little to provide any substance to the meeting. The one meeting which did cause some ripples across the economic pond, was the BoE Inflation report last week. Many commented on the over dramatic nature of the response, especially with the rise in bond yields thrown in the mixture. The report seemed to have changed very minimallyTue, 16 Nov 2010 05:13:51 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-11-16.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-11-09.htmlIt was clear that Jeremy was very glad when last week eventually slumped, exhausted, to a close. Although a lot of the action was dominated by the US we in the UK still saw enough to cause a light beading on economist’s foreheads, mainly because the markets were playing their most unpredictable cards. Last Tuesday saw the PMI Construction drop to lower than expected and lower than last month, not a good sign for the pound – this was important as there was concern among many that constructionTue, 09 Nov 2010 05:22:46 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-11-09.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-11-02.htmlThere has been an air of expectation after the GDP figures last week, which will likely culminate at the MPC meeting this week. There seems to be little sign that the pick-up in money and lending growth will be up to the standards that the MPC are wishing for. It looks as though they will try and avoid the topic of Quantitative easing, but that does not mean it is a far off possibility, what with weak broad money growth contesting Mervyn King’s inflation problem obsession. Broad money growthTue, 02 Nov 2010 05:39:44 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-11-02.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-10-19.htmlThe planning is over, the bargaining is likely done and all is left for George Osborne to deliver the cuts to the UK population on Wednesday. The basis of the spending review will be formed by spending cuts (77%) with tax rises making up the remainder. These are of course the first steps the coalition government must take to sort out our monstrous deficit, protect the AAA rating and ensure the future viability of the UK as a whole. What the future will hold for sterling and UK assets isTue, 19 Oct 2010 05:07:30 GMThttp://www.fxstreet.com/fundamental/market-view/enquiries@worldfirst.com (World First UK Ltd)http://www.fxstreet.com/fundamental/market-view/weekly-world-market-update/2010-10-19.html