Harpers Wine & Spirit Trade News

Sterling fairly strong yesterday despite poor start

Published: 25 July, 2012

Sterling was fairly strong yesterday despite a poor start to the day as new mortgage approval rates were much lower than anticipated.

Mixed day for sterling on Friday

Published: 23 July, 2012

Sterling had a mixed day on Friday reaching fresh highs against the euro of €1.2865/£1 but weakened against the US dollar after the bailout of the Spanish banking sector was confirmed during the Euro group meetings.

Sterling had strong week against euro

Published: 20 July, 2012

Sterlinghad a strong week against the euro reaching fresh highs of €1.2830/£1 as fears surrounding the Eurozone were once again at the forefront of traders' minds.

Sterling hit by lower Consumer Price Index figures

Published: 18 July, 2012

Sterling faces a knock back as latest Consumer Price Index lowers City expectations.

Sterling reached 3.5 year highs yesterday against euro

Published: 17 July, 2012

Sterling had a strong day yesterday reaching fresh 3.5 year highs of €1.2765/£1 against the euro while performing relatively well against the majority of other currencies despite the IMF downgrading the UK's growth forecast in 2012 from 0.8% to 0.2%.

Currency: chances of volatility high as raft of UK data comes out

Published: 16 July, 2012

A raft of UK economic data will be released this week meaning currency volatility could be high - inflation, retail sales data, unemployment figures and the minutes from the last Bank of England meeting will all come out.

Sterling holds firm

Published: 13 July, 2012

Sterling held its own this week against most currencies and gained ground against the euro, at one point it reaching €1.27/£1, which was last seen in 2008.

Sterling holds steady as UK exports grow by 6.6%

Published: 11 July, 2012

Sterling gained ground against the euro on Tuesday and held steady against other currencies after the UK trade deficit for May bettered April and exports grew by 6.6%.

Sterling holds firm at €1.26/£1.

Published: 10 July, 2012

Sterling holds firm at €1.26/£1.

Sterling pushes through €1.26/£1 mark

Published: 09 July, 2012

Sterling gained ground against the euro pushing through the €1.26/£1 level on Friday, a rate last seen three and half years ago.

Sterling slides due to worse than expected PMI figures

Published: 05 July, 2012

Sterling had a poor day yesterday as the services Purchasing Managers' Indices (PMI) figures released were worse than expected.

Investec provides £25m debt finance for BlueGem's Enotria buyout

Published: 04 July, 2012

Investec has provided a £25 million debt finance facility for private equity BlueGem's buyout of wine distributor Enotria.

Volatile week expected in currency markets due to LIBOR scandal

Published: 02 July, 2012

Volatility is expected in the markets this week on the back of The Barclay's Bank LIBOR manipulation scandal, which has sent shock waves through the financial sector.

Sterling loses ground against euro

Published: 29 June, 2012

Sterling had a mixed week, strengthening against the euro in the run up the EU Economic summit but quickly losing ground on news that Eurozone's bailout fund would support struggling banks without adding to government debt.

Sterling weakens due to speculation over quantitative easing

Published: 28 June, 2012

Sterling was particularly weak yesterday, dropping against the majority of currencies; but, remained fairly range bound against the euro.

Sterling strengthens against ailing euro

Published: 27 June, 2012

Sterling strengthened against the euro, which was one of the worst performing currencies yesterday as fears surrounding Spain intensified.

Matthew Clark secures financing

Published: 26 June, 2012

Matthew Clark has secured a new credit facility with Barclays Bank.

Sterling holds firm against euro, but weakens against dollar

Published: 26 June, 2012

Sterling held its own against the euro and the commodity backed currencies yesterday.

Sterling weakens against majority of currencies

Published: 25 June, 2012

Sterling had a poor day on Friday weakening off against the majority of currencies with trading volumes low due to the lack of data released globally.

'Better than expected' retail sales figures provides respite for sterling

Published: 22 June, 2012

Monthly retail sales data released yesterday were much better than expected providing some respite for sterling, but the state of the UK's economy remains extremely fragile.