• Euro on back foot

    The euro has fallen into the bottom half of the $1.05 to $1.15 range against the dollar it has occupied for the past 18 months or so. It weakened by more than a cent to sub $1.09 last week after the ECB indicated that it may extend QE beyond the provisionally planned end date of […]

  • Sharp fall in US equity markets

    Oil prices again failed to sustain a move higher yesterday with Brent falling back to c.$30 per barrel (from an intra-day high of around $32) Equity markets also again reversed course as oil prices fell back. European stocks ended well off the day’s best levels, while the main US indices sold off sharply to end […]