Posts belonging to Category 'Spread Betting News'

GBP/USD Spread Betting: BoE Expected to Increase QE Despite Strong UK Data

Pensions stall Greece bailout agreement ahead of key central bank meetings. It wouldn’t be a normal day if we weren’t talking about Greece and today is no different even if there are other factors that will also affect the forex spread betting markets today. It is likely to be another busy day of meetings with [...]

Optimism Around Greek Debt Deal Pushes EUR/USD FX Spreads Higher

As the debt talks in Greece grind relentlessly on and deadline after deadline is missed, words that would never have been uttered six months ago are beginning to gain currency in mainstream EU political circles. The admission by European Commissioner Neelie Kroes, as well as the Dutch PM Mark Rutte, that the Eurozone would survive [...]

Shallow Sell-Off Shows Spread Betting Market Confidence in Greek Deal

Yesterday saw European leaders ratchet up the pressure on Greece to agree to new austerity measures and sign off on a new bailout. Both German Chancellor Angela Merkel and French President Nicolas Sarkozy urged Greece’s politicians to sign off on the new deal as soon as possible, insisting the future of the Eurozone was at [...]

Spread Betting Investors Remain Cautious as Greek Debt Issue Continues

Friday’s surprisingly good US employment report saw European spread betting markets continue their recent gains and head towards their highest levels since the middle of last year. However, concerns about Europe continue to remain, simmering away in the background and this continues to keep investors cautious. While US economic data continues to show signs of [...]

Online Spread Betting: Speculation of QE Grows After Weak UK PMI Data

One week on from EU commissioner Olli Rehn’s promise that a Greek debt deal was in the final hours of finalisation, and spread betting markets are still awaiting confirmation of that fact. It now appears we will have to wait until next Monday 6th February after yesterday’s announcement of an EU finance ministers meeting in [...]

Strong UK PMI Data Boosts GBP/USD Spread Betting Market

Concerns about the health of the UK economy received an unexpected boost yesterday after manufacturing PMI for January bounced back quite sharply, well above expectations raising the prospect that the economy may avoid a second negative quarter in a row. The index jumped to 52.1, its highest level since May last year and well above [...]

Spread Betting: New Fiscal Compact Sees Spanish and Italian Bond Yields Fall

The North/South divide in the Eurozone could not have been more apparent yesterday with the release of the latest unemployment figures, with German unemployment falling to post unification lows of 6.7%, while unemployment in Holland and Austria is under 5%. In sharp contrast, the unemployment rate in Italy rose to 8.9% with Greece and Spain [...]

Euro Spread Betting: Portugal Garners Attention as Yields Exceed 17%

Last night saw broad agreement amongst EU nations of the fiscal treaty so favoured by Germany; however the agreement was not universal, with the UK and the Czech Republic refusing to sign up. The treaty is expected to legally bind EU countries to balance their budgets over time; however it is not clear whether some [...]

Forex Spread Betting Markets Remain Resilient Despite Several European Downgrades

Today’s EU summit is likely to be a rather testy affair after reports on Friday that Berlin wanted more stringent EU oversight of Greece’s finances in return for a new bailout. This comes as concerns grow over the country’s ability to deliver on its financial obligations. Items on the agenda to be discussed include the [...]

Improved Greek Negotiations Help Euro Spread Betting Market to Rebound

The single currency rebounded yesterday on unconfirmed talk that private sector banks had tabled an improved offer on the Greek PSI. Talks are set to continue today with speculation that they had given ground on the coupon to 3.75%, but there has been no confirmation of this so far. The offer is also above the [...]