Monday Open: Euro Breaches Psychological Levels at 1.30 EUR/USD: The Euro was sold heavily against nearly all of its major trading counterparts, and some of the most significant volatility was seen in the EUR/USD itself. The 1.30 level is significant n […]

A market, by its simplest definition is a place where items of value are exchanged. There are many markets, some we see in a very tangible way, the store we walk into, the stock market report on the evening news and some we do not see, like the market […]

The Australian dollar has risen to a four-month high, inching above $US1.06 this morning on the back of US market enthusiasm over better-than-expected trade data from China yesterday. The dollar peaked at $US1.06 around 9am today before falling back to […]

Labour has announced it will force a vote in the House of Commons in a bid to postpone plans to increase fuel duty in January. Set to carry out the poll on Monday (November 12th), the political party is hoping to stop the intended three pence rise in a […]

Airline holding company IAG has announced plans to cut 4,500 jobs at Iberia as part of a restructuring programme. The move will see a quarter of the Spanish carrier’s fleet cease operations, as well as 15 per cent of its network capacity, in a bid to s […]

Encouraging economic data released by China has indicated recovery may be in sight. According to the figures, retail sales, industrial production and fixed-asset investment increased by more than expected last month when compared with those recorded in […]

The Bank of England has voted against another round of quantitative easing (QE) to inject more money into the ailing economy. Announcing the decision today (November 7th), the financial body – which has already supplied £375 billion through this method […]

Lawmakers in Greece have voiced their support for the introduction of new austerity measures. In the wake of violent protests staged around the troubled European nation, politicians narrowly backed the €13.5 billion (£10.5 billion) cuts, which are set […]

Electrical retailer Dixons is set to offer temporary positions to former Comet staff who are currently facing redundancy because their employer is insolvent. Speaking to BBC News, Sebastian James, chief executive of Dixons Retail, said 500 workers from […]

Wealthy individuals who are employed in the UK have enjoyed faster pay rises than those with less money, figures from the Office for National Statistics (ONS) have revealed. According to the official body, the average full-time hourly rate was £12.62 i […]