Sterling has gone nowhere in two months.
In the forex spreads markets, the GBP/ZAR rate opened in London on Tuesday morning within 15 cents of its position on 3 March – an insignificant move in the grand scheme of things. In the funny holiday week, it fell by an equally insignificant nine cents.
South...
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Archive for May, 2011
Forex Spreads: GBP/ZAR Still Trading in a Range Despite Poor UK Economic Data
Sterling/Dollar Rate Hits 18 Month Highs as US Growth Slowing
The dollar was the worst performer, again, among the major currencies last week, losing more than 2% to the front-runners, the Norwegian krone and the Swiss franc.
The sterling/dollar rate gained a cent and a half over the seven days, on the way touching its highest level in 18 months.
On Wednesday the Federal Open...
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Share Trading: Banking Sector Dragged Down by Lloyds
Equity markets after an initially positive start, have picked up where they left off yesterday, falling rapidly into negative territory as commodity prices continue to slip back from their recent highs.
In UK shares spread trading, it is the banking sector however that is leading the declines after Lloyds Banking Group announced losses of £3.2bn...
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Day Trading: Falling Commodity Prices Weigh on Stock Markets
Weaker commodity prices have pushed down on share prices in London today with commodity stocks leading the decliners.
Chilean copper miner Antofagasta leads the decliners in the mining sector after missing on Q1 copper production, though part of today’s losses can be put down to the stock trading ex-dividend.
Silver miner Fresnillo remains under...
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