EURO-DOLLAR HANGING IN THE BALANCE January 19, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT Although the year is barely two weeks old it is already becoming abundantly clear to most currency traders that rates on both sides of the Atlantic are like to remain stationary for most of 2010. Last Thursday, at the European Central Bank’s monthly press conference, president Jean-Claude Trichet provided a [...]
Pound rises on Greek woes January 19, 2010 AS ANY British tourist heading to the Eurozone or the US will be aware, our pounds don’t go half as far as they used to. Sterling has been the whipping boy of the currency markets for over a year now and there’s little sign, at least in terms of the big picture, that we Brits [...]
The Tipster January 19, 2010 STERLING has been having a storming week and traders are beginning to reconsider their uber-bearish view of the pound. Yesterday’s record inflation data – the annual consumer prices index leapt to 2.9 per cent – is likely to be followed by a period of high inflation. This is forecast to put pressure on the Monetary [...]
Drugmakers give FTSE a lift as investors bet on healthcare January 19, 2010 BRITAIN’S top share index ended up 0.3 per cent yesterday, led by pharmaceuticals on hopes that US President Barack Obama’s healthcare reforms could be hampered, while banks fell after results from US bank Citigroup. The FTSE 100 index rose 18.75 points to 5,513.14, extending Monday’s gains when the market rose 0.7 per cent. Pharmaceuticals echoed [...]
Strong IBM result boosts tech shares January 19, 2010 US stocks rose broadly yesterday, lifting the Dow and the S&P 500 to fresh 15-month closing highs as investors bet a potential Republican victory in Massachusetts’ Senate race could stall Obama’s reform agenda. Wall Street also got a boost from technology shares, which rallied in anticipation of strong earnings from bellwether International Business Machines, which [...]
Tevez strikes haunt United January 19, 2010 MANCHESTER CITY (2) vs MANCHESTER UTD (1) CARLOS TEVEZ returned to haunt his former Manchester United boss Sir Alex Ferguson and take City a step closer to a first major Wembley final in 29 years. Tevez played the starring role in a pulsating derby encounter, scoring twice as City came from behind to take a [...]
Sullivan and Gold vow to nail Hammers’ £110m debt pile January 19, 2010 WEST HAM’S new owners David Sullivan and David Gold have pledged to drag the Hammers out of the financial mire after laying bare the full extent of the club’s crippling £110m mountainof debt. Former Birmingham City owners Sullivan and Gold yesterday took charge of the East End outfit they grew up supporting after acquiring a [...]
Wenger denies any interest in Mandzukic January 19, 2010 ARSENE WENGER has dismissed speculation he is chasing Croatian striker Mario Mandzukic. The Gunners boss admits he is in the market for a new front man with ankle victim Robin van Persie not expected to play again this season and Nicklas Bendtner out since the end of October. Mandzukic, 23, has shot to prominence at [...]
Redknapp ponders van Nistelrooy bid January 19, 2010 TOTTENHAM boss Harry Redknapp admits he is interested in signing striker Ruud van Nistelrooy on loan. The former Manchester United hitman, 33, has been linked with a return to the Premier League after falling out of favour at Real Madrid. But while Redknapp heads the queue for the free-scoring Dutchman, the deal would only hinge [...]
Portsmouth suffer High Court defeat January 19, 2010 PORTSMOUTH’S battle to avoid administration suffered another blow yesterday when they lost their High Court bid to have a winding-up order struck out. Pompey failed to convince Mr Justice Newey that Her Majesty’s Revenue and Customs had overcalculated the VAT portion of their mammoth tax bill by £7.5m. The Premier League’s bottom club hinted last [...]
