Archive for July, 2010

Euro survives weak data and renewed credit worries. Mercifully, Britain’s currency is doing better than its football team. There was no obstacle for sterling among the very few economic data that appeared during the week. The British Bankers’ Association figures for mortgage lending showed a very slight increase in May and the Confederation of...
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Yesterdays better than expected 3 month European Central Bank lending auction saw a much lower take up of euros than the market had expected at €131.9bn, and this saw the single currency regain some ground, as concerns about the European banking sector subsided a little in lieu of today’s maturity in the 1 year...
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