Archive for October, 2008
UK CFD Rules Changing
Since the early 1990’s Contracts for Difference have been used extensively by investors enabling them to use leverage to profit from the difference in buy and sell prices of stocks.
CFD’s have been particularly popular in the UK as they are exempt from stamp duty for UK traded shares.
According to the Financial Times, CFD’s have been [...]
UK Redundancy Figures
The UK has taken a battering in the last year over bad investments (such as Credit Default Swaps) made by large financial institutions leading to unprecedented uncertainty in the economy.
The effect is particularly evident in the United States as well, with Government bail-outs and nationalisation of banks in both countries.
Figures just released show that UK [...]
Eurozone Guarantee Bank Borrowing
The euro traded at it’s highest against the dollar for three weeks after news that European leaders have agreed to guarantee bank borrowing and prevent failures.
Simon Derrick, head of currency strategy in London at Bank of New York Mellon Corp said, “the rebound in the euro, and in sterling, is a direct response to the [...]
UK Recession Imminent
With the much publicised bail-out of UK banks by the Government, it looks more-and-more likely that the UK will hit a dictionary definition of a recession.
“The growing perception that the UK is struggling more than many eurozone nations, given its greater exposure to weakness in equity and credit markets, is undermining sterling. Since July 2007 [...]
