Recent movements in the economic markets

February 26, 2009

There is a need to start taking notice of what is happening on the currency exchange market.  As news stories report more and more misery each day, it is certainly worth looking at the money market to see how it reacts to the news.  For example, we’ve had massive banking losses – just look at RBS with their £24bn loss standing as the biggest loss in UK corporate history – there you have a story which is at the center of the direction the markets take.  For some time now the markets have been low on confidence, with the government umming and ahhing about what to do with the banking sector.  Are they going to step in and fully take over or are they going to remain at the sidelines and make vague ‘asset protection’ plans, most of which have been in the pipeline for months and nothing actually done yet?  Recently, it was the Dow Jones’ 12 year low that had a vast impact on the stock markets around the globe. 

First Asia and then the Europe markets showed massive tumbles in reaction to the news.  The currency exchange game may not be much fun in these times but interesting they are, make no doubt about it.  The changing fortune of various currencies can be such a telling and reflective sign of what is happening in the country in which they are the currency.  There is probably no need to mention the Sterling and its terrible Fate in the last few quarters.  Confidence in the Pound is very low and many are suggesting to get out of it as soon as possible.  Is anyone right to stay loyal? 

The economic world news as whole has become a focus point, and it is no longer just ‘suits’ who are flicking through the pink paper and logging into online business news sites.  No, it is now the regular man and woman who want to know what is happening with their money, their job and their future.  Where before the situation got to this global crisis point the man on the street may not have given stocks and shares much thought, now we watch fascinated to see what will happen therein and how it will affect our daily lives.  Slowly the whole of society becomes affected and must take note.

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