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Euro Crisis News Page 11.html

This is the category page for all Euro Crisis news here on ukfx.co.uk...

Euro rises as Greek deal looms but sentiment fragile

21 Feb at 6 PM

News Item Link: Euro rises as Greek deal looms but sentiment fragile

The euro rose yesterday on expectations that the policymakers within the eurozone would approve a second bailout to Greece, although risks over implementing the agreement and a loose monetary policy outlook in the eurozone were predicted to cap the gains of the common currency, reports Reuters. Analysts expected that the bailout deal,...

Hague says eurozone built with no exits

20 Feb at 6 PM

News Item Link: Hague says eurozone built with no exits

Foreign Secretary William Hague has spoken about the problems which Greece will face if it opts to abandon the euro, reports the BBC. Hague said that they must be prepared to act to prevent euros leaving the country, perhaps by introducing border controls. Eurozone finance ministers are set to discuss a bailout package of 130bn euros...

Shares slide on Greece woes

16 Feb at 9 AM

News Item Link: Shares slide on Greece woes

Stocks slumped yesterday in one of their poorest showings in 2012 as Greece continued its negotiations with other nations over a bailout, reports the New York Times. The Dow Jones industrial average fell by 97.33 points (0.76 per cent) to finish the day at 12,780.95. It was the Dow’s biggest one-day decline to date this year, as it only...

Moodys cuts credit ratings of European nations

15 Feb at 6 PM

News Item Link: Moodys cuts credit ratings of European nations

Ratings agency Moody’s has lowered the credit ratings of several eurozone nations including Portugal, Spain and Italy, reports the BBC. The agency also downgraded Malta, Slovakia and Slovenia. Moody’s also put Britain, Austria and France on ‘negative outlook’ implying that there is a 30 per cent possibility of...

Ratings agency puts UK on negative outlook

14 Feb at 6 PM

News Item Link: Ratings agency puts UK on negative outlook

The UK has been told its credit rating could be cut in the future, potentially raising borrowing costs, according to the BBC. The Moody’s ratings agency released the statement after concerns about the eurozone crisis’s possible impact on the growth prospects of the UK. It put Britain on ‘negative outlook’, which implies there is a...

Brits look towards the dollar

13 Feb at 6 PM

News Item Link: Brits look towards the dollar

An increasing number of UK expatriates are giving up on the sterling and the euro and looking at the UD dollar to provide more certainty with their savings. Lloyds TSB International revealed that it has witnessed a significant increase in savers looking for dollar-denominated accounts. It has also now almost doubled the rate which it pays...

US dollar falls on Greek bailout optimism

8 Feb at 2 PM

News Item Link: US dollar falls on Greek bailout optimism

The US dollar lost ground on the majority of its major counterparts on Tuesday as investors acted on reports of a possible second bailout package for Greece, reports Forex. During the late US trade session, the dollar lost ground on the euro, with the euro gaining 0.87 on the dollar to hit 1.3244. The rally in the single currency was...

Greek debt dominates Forex as GBP trims losses against USD

7 Feb at 4 PM

News Item Link: Greek debt dominates Forex as GBP trims losses against USD

As reported by Forexpros, the GB pound trimmed losses on Monday against the US dollar, which was supported by promising euro zone figures, but the sterling remained uncertain as worries over the Greek debt talks continued to dominate. GBP/USD went from 1.5729, the lowest figure since February 1, and hit 1.5761 during the European afternoon...

Euro dips as Greek deal still not reached

6 Feb at 12 PM

News Item Link: Euro dips as Greek deal still not reached

The Euro has taken a hit today as a meeting between members of Greece’s coalition government failed to result in an agreement over tight austerity measures which would allow the EU and International Monetary Fund to hand over cash which the country could use to pay off its debtors. An agreement has to be made today of Greece wants 130...

Keeping pound has restrictions for Scottish independence

3 Feb at 12 PM

News Item Link: Keeping pound has restrictions for Scottish independence

An independent Scotland is likely to be more constrained economically, suggests a new study. The National Institute of Economic and Social Research believes that keeping the pound is the “sensible” option, but that a currency union will impede fiscal policy, reports the BBC. The Scottish government used the report to back up its...