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Euro Weakness Looking To Hold
by admin
21 May 2012 at 12:33pm
On the Forex markets this morning the Euro around was struggling to regain a foothold beyond the $1.27 area against the Dollar. Staying virtually unchanged from its level on Friday, the dollar at 1.2692 euro (+ 0,08%). A low of 1.2642 dollars was hit this morning, against a peak at 1.2708. No significant movements to report against the ye Read more ...
Euro Down Slightly After Weekend On Spain Worry
by admin
1 May 2012 at 4:41am
Yesterday the euro was down slightly compared to the U.S. dollar, 1.321 to 1.325 dollars compared to last Friday, particularly affected by the disturbing news growing on Spain. The Spanish economy has again contracted by 0.3% in real terms in the first quarter 2012 compared to the last of 2011, according to the National Statistics Institu Read more ...
Euro Stability Still A Concern On Forex Markets
by admin
24 Apr 2012 at 8:13am
Parity between the euro / dollar is now almost perfectly balanced on the currency market: at around 13:00 hours, the euro was trading at 1.3156 (- 0.01%). Slightly increased towards the yen to 106.9. Nothing to report in the forex market on the state of the euro / Swiss franc, which is stable at 1.2021. ‘We expect fu Read more ...
Euro Mixed Against All Other Majors
by admin
18 Apr 2012 at 7:53am
The single currency was losing again today, dropping below $1.31 (EUR/USD) on Wednesday afternoon, amid persistent doubts about the sovereign status of Europe. At this time, the euro yield is 0.42% against the greenback at 1.3073 dollars per euro. The IMF reviewed yesterday, downgrading its growth forecast for Spain in 2012, which shows a Read more ...
Fed Keeps Rates Low ? Euro Seems Without Trend
by admin
14 Mar 2012 at 6:40am
The single European currency remained without a major trend against the U.S. dollar in the wake of a highly anticipated meeting of the Monetary Policy Committee of the Fed, whose tone lately has been quite positive for the Dollar. The Euro dropped yesterday afternoon from 0.04% to 0 Read more ...
Bernanke comments causes sell off
by Tom
1 Mar 2012 at 4:55am
Market sentiment received a bit of a boost yesterday when the results of the ECB?s long-awaited second long-term liquidity operation (LTRO) showed strong demand for the cash from European banks. The ECB lent 800 banks ?529.5 billion, somewhat above the ?450 billion that the market had been anticipating and the ?489 billion lent to 523 fi Read more ...
Euro firm however downside risks remain
by Tom
28 Feb 2012 at 8:36am
Today the euro remains firm versus the dollar and sterling, trading in relatively tight ranges despite the announcement from ratings agency Standard & Poor?s that it is cutting Greece?s long term credit trading to selective default. Such a move was already expected and indeed factored in, though yesterday?s comments from EU Commission Read more ...
Euro upside following Greek deal
by Tom
22 Feb 2012 at 9:34am
Having retreated from near two-week highs as optimism over the long-awaited Greek bailout deal faded to be replaced by underlying concerns over growth and implementation risks, the euro has traded in a relatively tight range versus the dollar over the past 24 hours. Parliaments in three countries (Germany, the Netherlands and Finland) must now a Read more ...
Euro upside following Greek Deal
by Tom
21 Feb 2012 at 9:20am
The euro gained some ground in early morning trade briefly breaking through key resistance after eurozone finance ministers finally sealed the details of a second ?130 billion bailout package for Greece. There was also agreement on the details of Greek?s deal with private sector investors, who are now expected to take a haircut in excess of Read more ...
Euro sold as Greek Deal lingers
by Tom
16 Feb 2012 at 4:35am
The euro started yesterday with a firmer tone on the news that China would continue investing in euro debt and pledges from the Greek opposition Conservative Party to commit to tough austerity measures. This was before the latest twist in the on-going Greek debt saga saw renewed pressure on the single currency, which has fallen back to trade at Read more ...

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Beacon Council announces rain from Spain: 465 jobs
23 May 2012 at 4:34pm
The Beacon Council, which is on a trade mission to Spain with Gov. Rick Scott, reports that three Spanish companies will be adding 465 jobs within three years in Miami-Dade County. Here are the details: ? Obrascon Huarte Lain (OHL USA) will add a new U.S. South Region headquarters in Northwest Miami-Dade County. Specializing in civil engineering, healthcare and university projects, OHL's new location will add 255 direct jobs within three years and $22 million in capital investment. "Being already...
Olympic Coast Investment wrestles with Union Bank over securities worth $125M
by Greg Lamm
23 May 2012 at 3:48pm
Olympic Coast Investment Inc., the Seattle securities dealer that has filed for bankruptcy, finds itself in a legal tussle with Union Bank over who has legal claim to mortgage-backed securities totaling $125 million. Olympic Coast is a mortgage brokerage company that originated mortgage-backed securities and signed up investors. The company serviced the mortgage loans, collecting loan payments from the borrowers and remitting payments to the investors. Olympic Coast received a monthly loan-servicing...
Western Union shareholders reject political-spending oversight
by Heather Draper
23 May 2012 at 2:43pm
Shareholders of the Western Union Co. at its annual meeting in New York Wednesday voted down a resolution that would have let them vote on the company?s political contributions and receive verification that those political contributions are in line with company values. Boston-based NorthStar Asset Management Inc., a wealth management firm, filed the resolution on behalf of its pension plan. NorthStar alleges that Western Union?s PAC (political action committee) ?continues to provide financial...
Sonabank plans Haymarket branch
by Jeff Clabaugh
23 May 2012 at 2:42pm
McLean-based Southern National Bancorp, which bought the assets of Gaithersburg-based HarVest Bank after it was closed by federal regulators last month, will expand its Northern Virginia footprint with a new branch in Haymarket. If approved by regulators, it will be Sonabank's 20th branch and its first in Prince William County. Sonabank says the Haymarket branch may open by mid-August. Sonabank's HarVest Bank acquisition gave it four branches in suburban Maryland. Earlier this month, Sonabank...
H&R Block names Macfarlane as CFO
by Suzanna Stagemeyer
23 May 2012 at 2:27pm
H&R Block Inc. has named Gregory Macfarlane as chief financial officer, effective June 4. The Kansas City-based tax preparer (NYSE: HRB) said Macfarlane would lead all parts of its finance and reporting functions. He will take the role currently filled by Jeff Brown, who will move to the job of chief accounting and risk officer under a previously announced plan. Brown, a longtime H&R Block employee, became interim CFO in early 2010 and was given the permanent role later that year. ?Greg brings...
CPS Energy achieves $68 million in debt savings
by James Aldridge
23 May 2012 at 2:25pm
CPS Energy issued $655.4 million in electric and gas system revenue refunding bonds this week. The transaction is slated to close on June 28. Proceeds will be used to refund bonds issued in 2005. CPS Energy officials expect to achieve savings of $68.4 million, or 9.6 percent, on the bonds outstanding. Bank of America Merrill Lynch and Barclays Capital Markets were the co-senior underwriting managers on the deal. ?Our tax-exempt bonds were well received in the market thanks to our utility?s...
Dow still down, despite late rally
by Patty Tascarella
23 May 2012 at 2:24pm
Wall Street zigzagged throughout Wednesday trading. The Dow Jones Industrial Average took a noon dive of 186 points, but a late afternoon rally almost pushed it into positive territory. The Dow ended trading at 12,496.15, down 6.66 points, or 0.05 percent. Nasdaq wound up with a 11.04 point gain to finish at 2,850.12, up 0.39 percent, Most among a sampling of Pittsburgh companies gained ground. U.S. Steel Corp. (NYSE:X) rose 1.15 percent to $22.03. American Eagle Outfitters Inc. (NYSE:AEO) was...
H&R Block CEO Cobb discusses company, leadership
by Alicia Stice
23 May 2012 at 2:04pm
Despite shifts during the past year, H&R Block Inc. CEO Bill Cobb says the company has made strides. During a speech at The Central Exchange in Kansas City on Wednesday, Cobb discussed some of the strategies he?s used at H&R Block (NYSE: HRB) and offered advice about business leadership. One key shift of late was H&R Block?s April announcement that it would cut 350 jobs and close about 200 offices. However, Cobb said the past year has brought stability to the Kansas City-based tax preparer?s...
Edward Jones program recruits veterans as financial advisers
by Greta Weiderman
23 May 2012 at 1:49pm
Edward Jones is offering training and a structured compensation package to recruit veterans transferring to a civilian career as financial advisers, in a company program that meets federal requirements for on-the-job training under the G.I. Bill. Using benefits under the G.I. Bill is not a requirement of the program, but it is an option for those who qualify, the financial services firm said. The program, called Forces, has been approved by the Missouri State Approving Agency within the Missouri...
Analyst thinks Chesapeake shares won't fall below $14
by Paul J. Gough
23 May 2012 at 1:46pm
An analyst's note Wednesday said embattled Chesapeake Energy Corp. might have stopped its decline on Wall Street. Sterne Agee maintained a neutral rating on Chesapeake (NYSE: CHK) but said the share price might have bottomed out around $14. Chesapeake shares on the New York Stock Exchange were up 9 cents to $15 a share shortly before 3:30 p.m., a half hour before the markets closed. It had been as far down as $14.25 earlier in the day and its 52-week low was $13.32, well below its 52-week high of...
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What is something you could never do?
Even if you were offered a billion pounds/dollars? Whats beastiality? I'm googling that in a minute :P Me? for a billion, thats really difficult. I wouldn't kill anyone in my family for it but I would allow us to be tortured for it. Coz as harsh and sick as that sounds, it would be worth it in the end. Just like if you were beat up by someone you would get like $5000 compensation accept its a billion come on, that would be worth it. I'm not a nutcase, and I love my family :-) LOL, MM. Yes I did and no I would NEVER phuck an animal for any amount of money. I don't care what scottish jokes you have heard about that either haha :P @Jimmy, what, you say that but ehh, for a billion?

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Would you sell your mother for 1 million pounds/dollars?
Lol, MM no i've not :O. Nah, i wouldn't sell her. :P

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How do people cash fake cheques?
It's virtually impossible to do these days with all the security measures, but people are still doing it according to the F.B.I's 2009/10 counterfeiting report. So what's the deal, how are these weasels doing it? And why don't they improve the security measures even more if people can cheat them?? Apparently millions of pounds/dollars are stolen using fake/blank cheques every year.

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Pounds Dollars News

ASU pounds Middle Tennessee

24 May 2012 at 3:17am Arkansas State?s hot hitting continued Wednesday at the Sun Belt Conference Tournament.

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Vodafone reports annual profits, but warns future may be less rosy

22 May 2012 at 5:05am London (dpa) - Mobile phone giant Vodafone Tuesday reported a rise of 0.5 per cent in pre-tax profits to 9.5 billion pounds (15 billion dollars) for the financial year up to the end of March 2012.The company said in a statement that increased revenue, at 46.4 billion pounds, was driven mainly by strong mobile data business in emerging markets, while business in Europe had been hit by an ...

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Sudan starts trading devalued pound to end black market

21 May 2012 at 11:59am KHARTOUM (Reuters) - Sudanese foreign exchange bureaux started trading Sudanese pounds at a devalued rate on Monday as part of an effort by officials to curb illegal trade and stablise the currency. Black market dealers in the capital Khartoum said they would continue to buy and sell currency for now to take advantage of the lingering - albeit slimmer - gap between the official and unofficial ...

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CurrencyUK

EUR losing strength faster than GBP
by alex
24 May 2012 at 12:42am
As expected, the informal EU leaders summit over dinner yesterday evening did little to�ease market uncertainty about the euro crisis. Indeed, the latest comments from French�and German officials suggest it will be no small task to paper over major policy divisions.�The European Central Bank’s President Mario Draghi also stated that issuing jointly�backed European debt would [...]
Euro at risk for major drop
by alex
23 May 2012 at 1:35am
The Consumer price inflation(CPI) in the UK fell to 3.0% in April, down from 3.5% in the previous month. Although this was only marginally faster than the markets had anticipated (consensus 3.1%), this will come as relief to the BOE following last month?s rise in inflation.�It is also of symbolic importance that Sir Mervyn King [...]
CONSUMER PRICE INDEX
by alex
22 May 2012 at 1:58am
The Consumer Price Index �is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is [...]
Inflation Data key for GBP
by alex
22 May 2012 at 12:48am
After the weekend G8 summit, sentiment on the markets was a little more upbeat�yesterday. Markets took some comfort from news out of China that indicated it would fast�track approvals for investment in infrastructure projects to combat a slowdown in the�economy. This supports recent calls from the Chinese premier for policies to maintain�growth after a series [...]
Public Sector Net Borrowing
by admin
21 May 2012 at 8:45am
The Net Borrowing released by the National Statistics captures an amount of new debt held by the U.K. governments (the financial deficit in the UK national accounts). Generally speaking, if the Net Borrowing is negative, it means the UK Accounts are surplus, and that should be positive for the GBP. While a deficit is [...]
Euro claws back some losses
by alex
21 May 2012 at 12:43am
At the G8 summit this weekend, Greece’s political and economic upheaval, together with�the growing instability in Spain and Italy, were high on the agenda as leaders sought to�calm the situation. World leaders backed keeping Greece in the euro-zone and vowed to�take all steps necessary to combat financial turmoil while revitalising a global economy�increasingly threatened by [...]
Moody?s downgrades Spanish banks
by alex
18 May 2012 at 1:41am
The potential ?Grexit? is killing the markets as they run for safety in the last day of the week. Uncertainty is all over, and regardless of the new elections being held in June 17, investors still don?t want to risk it. Not only Greece is in trouble. 16 Spanish banks have been downgraded by Moody?s last [...]
Lower inflation expectations not good for GBP
by alex
17 May 2012 at 12:53am
The UK inflation report released yesterday showed that the MPC now expect two-year�inflation to be lower despite raising the near term projection. Their central inflation�projection for two years ahead is 1.6%, about 0.2% lower than in February. The growth�forecasts were also lowered in the near term reflecting a poor Q1 2012 and on-going�concerns regarding the [...]
Focus on Eurozone Politics continues
by alex
16 May 2012 at 1:25am
Greece continues to capture the headlines with agreement expected today on formation of�an interim Government and likely announcement of new elections as soon as 10 June.�Meanwhile the first meeting between Merkel and Hollande resulted in a joint statement�pledging commitment from both to keep Greece in the euro with introduction of ?growth�measures? subject to adherence to [...]
Currencies do not like political uncertainty
by alex
15 May 2012 at 1:27am
Political risk events continue to dominate in Europe. The political deadlock continues in Greece although a Greek exit was not discussed at the Euro group meeting held yesterday, nonetheless, suggestions that Greece will leave the euro gained momentum leading to the EU Commission issuing a statement hoping that Greece would remain part of the euro [...]

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