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Morning, EUR/USD 1.3084 GBP/USD 1.5696 GBP/EUR 1.1980 (0.8368) EUR/CHF 1.2061 GBP/CHF 1.4454 GBP/AUD 1.4766 Greek debt swap talks continue today but the longer they go on the less relevant they seem to be when faced with the overall structural deficiencies within the Eurozone. The Euro has rallied over 5% from its lows in early January, [...]
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Fitch considers two-notch downgrade for Italy By: James Norris 18 Jan 2012 Italy could be downgraded by a further two notches, said a senior Fitch Ratings director in Milan. Fitch had earlier said that it could cut Italy’s rating at the end of January. “A downgrade by two notches is one of the possible options,” [...]

By Matthew Sparkes12:49PM GMT 10 Jan 2012 Debt Crisis: Live 10.25 Markets are steadily rising this morning, despite a lack of any obvious good news. The FTSE 100 is up 0.97pc, the DAX 2.12pc and the CAC 1.96pc. Peter O’Flanagan, head of foreign exchange trading at Clear Currency believes it may be a Hope Rally: [...]

Clear Currency’s Barry O’Neill offers an explanation for the improvement in sentiment: This week the ECB is expected to start offering longer term three year liquidity loans (rather than one year) to ease the effects the debt crisis is having on bank lending. By Andrew Trotman, Emily Gosden and Amy Wilson 19th December 2011
Eurozone crisis live: French finance minister joins attack on UK Posted by Graeme Wearden Friday 16 December 2011 15.29 GMT 9.12am: Peter O’Flanagan of Clear Currency is unimpressed by France’s regular barracking of the UK this week (culminating in finance minister François Baroin’s criticism this morning): David Cameron’s veto of a reformed EU Treaty has [...]