BGFS Associates

Currency exchange rates and interest rates are to the fore with sterling maintaining a position of more than USD2.00 to the pound. The last time the sterling/ dollar exchange rate was at such a level was in September 1992, following which the UK currency fell 25% after it was forced out of the European exchange rate mechanism. Few analysts appear to expect such a fall this time around with many reportedly (continue reading…)

As equity markets continue to respond to a number of pressures, data from Thomson Financial indicates that the combined capitalisation of Europe’s stock markets has exceeded that of the US stock market for the first time since the First World War. Europe’s 24 stock markets, including Russia and emerging Europe, saw capitalisation rise to USD15,720bn at the end of last week compared to USD15,640bn for the US. (continue reading…)