Yet another week goes by and once again Euro news has been in the headlines… Yes for sure there is just so much trouble within Europe and without a doubt 2012 will see some changes that have never been seen before but I cannot see that even if there is a decision to dissolve the Euro it will be done at a great pace. When a country has moved to join the Euro in the past, it takes months and …

This morning saw the release of U.K unemployment and it once again highlighted what I said yesterday….. All the hype and news surrounding the Eurozone is indeed helping people forget that the U.K economy is certainly not in great shape and we have plenty of problems to deal with here ourselves, let alone having to throw money into assistance for other failing European economies . Sterling rates have dropped against most major currencies in trading this morning, and just to …

Voted 8-1 to keep QE at 200 bln  (Quantitative Easing) Dale and Weale voted for 25 bps rate hike MPC judges downside risks to medium term inflation have risen in past month, upside risks stable (cable lower) Some members think possible more QE might be warranted if downside risks materialise GDP growth weak, latest data suggest likely to be below historic average in middle of 2011 Public inflation expectations more firmly rooted than might have been expected Weale and Dale …

Certainly a matter of interest for investors this morning is the Bank of England minutes due out at 09:30am. The minutes basically confirm how voting went at the last interest rate decision as whether members wanted an interest rate hike, rates on hold or even a cut. An interest rate hike (or the mere mention of one) is generally seen as positive for the currency concerned as it make it much more attractive to investors. I have an awful lot …