sterling

Sterling hit a seven-week low against the euro yesterday as the single currency shrugged off Ireland's ratings downgrade and continued concerns on Hungary.

Insight head of currency Dale Thomas expects sterling to remain weak for some time due to the current mix of tight fiscal and loose monetary policy.

UK stocks and sterling tumbled this morning after Fitch labelled Britain's fiscal challenge "formidable".

Schroders' Andy Brough believes an eventual collapse of the euro would not be the Doomsday event many fear and could be the best scenario for many nations on the Continent.

Investec Asset Management, which runs over $4bn in active currency funds, believes sterling is the cheapest of all major global currencies.

Speculators increased bets against sterling to record levels even after the formation of the new coalition government, as worries escalated over the health of UK finances.

Standard & Poor's has launched the S&P International Corporate Bond index, comprising public investment grade corporate bonds by issuers outside the US.

The Dow Jones advanced more than 4% in early trading Monday while the FTSE maintained impressive gains as the markets took confidence from a €750bn weekend rescue deal to defend the euro.

Fears of a hung parliament have recently hit sterling hard, but what exactly would a hung parliament entail and why the panic?

The euro has risen against the dollar this morning after the Greek government unveiled 4.8bn euros worth of austerity measures.