TIME TO SELL UP IN MAY AND GO AWAY May 18, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT IS the UK the next Greece? Some analysts in the currency market are starting to think so. Last weekend’s revelations that the former Labour government boosted spending by £12bn in the final days of its administration pushed cable to fresh yearly lows of $1.4250. With a budget deficit of nearly [...]
The euro is still looking overvalued May 18, 2010 THE euro has taken a breather. After a steep decline last week the single currency has gained some ground against the US dollar, and has stabilised around the $1.24 level. This has commentators asking out loud if the euro is now due a correction higher. But is it a good time to take a long [...]
THE TIPSTER May 18, 2010 THE decline in the oil price has seen the Canadian dollar slide against the resurgent greenback from its recent flirtation with parity. Due to the link between the oil price and the Canadian currency, since Canada is a major producer of oil, any further weakness in the oil price could well undermine the loonie further. [...]
Proposed cap on migration just a smoke screen May 18, 2010 PARTNER, LEWIS SILKIN APART from the economy, the most hotly debated issue between the three major parties in the election was immigration. The policies of the Conservatives and Liberal Democrats were completely at odds; the Conservatives favouring a cap on migration and the Liberal Democrats an amnesty for illegal immigrants. Now the negotiations to form [...]
More clarity is needed to stop market mix-ups May 18, 2010 PARTNER, REED SMITH INVESTOR claims for mis-selling of derivatives inevitably follow market collapses. So do calls for regulatory reform. A primary objective of financial services regulation is to protect investors. This cannot mean ensuring that buyers and sellers of derivatives will never suffer a loss. The derivatives market is a zero sum game: market participants [...]
Polo’s hottest event returns to Hurlingham May 18, 2010 FOR a game that’s nearly 3,000 years old, polo has certainly kept up with the times. Last year’s MINT Polo in the Park event at Hurlingham attracted a crowd of 24,000 and a TV audience of more than two million viewers, making it the most watched polo match ever. The first recorded game took place [...]
French fancy May 18, 2010 PEUGEOT is targeting Audi TT, VW Scirocco, even Mini Cooper S buyers with its new 2+2 seater sports car. Even if you’re the kind of car buyer that usually allows your head to rule your heart the RCZ may still be the car for you. Not only do you get the fun of a sports [...]
Platini rides to England’s aid May 18, 2010 ENGLAND’S floundering bid to host the 2018 World Cup received a much-needed shot in the arm last night when two of the global game’s most powerful men, Michel Platini and Jack Warner, insisted the proposal remained strong. The country’s hopes of staging the tournament for the first time since 1966 nosedived after Lord Triesman, the [...]
Twickenham’s superheroes can lift us, insists Barrett May 18, 2010 CAPTAIN Kevin Barrett is hoping a record-breaking Twickenham crowd can roar his England superheroes to victory in the London Sevens at the weekend. The Saracens scrum-half leads out the Red Rose in front of an expected 60,000-strong crowd for their first round of pool stage matches on Saturday. Currently sitting fifth in the IRB World [...]
Triesman departure sparks FA scramble May 18, 2010 A MASS scramble has begun to land the job of the most powerful man in English football following Lord Triesman’s resignation as chairman of the Football Association on Sunday. Triesman stepped down both from the FA and as chairman of England’s 2018 World Cup bid after he was secretly recorded telling a friend that Spain [...]
