British Pound Sterling has risen Violently as the Tories have won a resounding...a truly resounding... victory08 May 2015
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective
ATHENS (Reuters) - Negotiations between Greece and its international lenders over reforms to unlock remaining bailout aid have made headway and an agreement could be closer this month, a government official said on Sunday.
The world awaits the list of reforms that the Tsipras government is to put before the “troika” by the close of trading in Europe later today. We’ve truly no idea what reforms Mr. Tsipras shall put forward, but we have no doubt that in the end they will be less than that what the Germans want the Greek government to do and they will almost certainly be disappointing.
A lot of currency traders learned a big lesson this week; one that bears discussing.
Since last December, the Royal Bank of Australia has been hinting at raising rates. The Aussie economy had been doing well and showed signs of overheating. Prices for food, housing, beer and just about everything has been rising but not at an alarming rate. Well, some AUD traders made a big mistake. They anticipated the “promised” rate increase the RBA had been hinting.