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Simon Derrick

Type: Person

Name: Simon Derrick

First reported May 23 2013 - Updated May 23 2013 - 1 reports

Mark Carney

Sterling recovers vs dollar but still vulnerable

* Pound off lows, but gains seen temporary* Sterling drops more than 1 pct against yen, Swiss franc* UK GDP data unrevised, helps sterling slightlyBy Anirban NagLONDON, May 23 (Reuters) - Sterling recovered from a 10-week low against the dollar on Thursday ... [Published Yahoo! UK and Ireland - May 23 2013]

Entities: United Kingdom, Swiss Franc, Mark Carney, Gross Domestic Product

First reported May 20 2013 - Updated May 20 2013 - 1 reports

International Monetary Fund

Europe Day Ahead: ¡Hola IMF! – Spain’s third bank review

This is a look ahead to Tuesday's key political and financial events. Climax arrives in Madrid to begin a third review of Spain's banking reforms. I -- next monitoring as part of a -- 100 billion you don't deal agreed with Spain last July. The fund will ... [Published Reuters India - May 20 2013]

Entities: Spain, International Monetary Fund, Inflation

First reported May 20 2013 - Updated May 20 2013 - 1 reports

Federal Reserve System

Aussie battles against global forces

THE dollar's dive looks far from over, even though it has already lost more than 8 per cent of its value against the US dollar since the middle of last month. Of course, a technical correction is possible. But increased disappointment over the pace of ... [Published Adelaide Now - May 20 2013]

Entities: yield, Simon Derrick, Federal Reserve System, US Dollar, Federal Reserve Bank of San Francisco

First reported May 16 2013 - Updated May 16 2013 - 1 reports

Climate crisis spreads as big chill strikes eurozone core

Output from the eurozone economy has now been in decline for six successive quarters, according to official figures France slid into recession in the first three months of 2013, as the economic malaise that has crippled the crisis-hit peripheral countries ... [Published Guardian.co.uk - May 16 2013]

Entities: Recession, Greece Bailout, Greece, Climate, Crisis

First reported May 11 2013 - Updated May 12 2013 - 1 reports

George Osborne

G7 says Japan playing by currency rules

AYLESBURY, England — Japan convinced its partners in the Group of Seven leading industrial economies Saturday that it was not manipulating its currency as part of a bold attempt to get its economy out of a near two-decade period of stagnation.At the ... [Published Star-Telegram - May 11 2013]

Entities: Japan, George Osborne, United Kingdom, Tax Avoidance

First reported May 08 2013 - Updated May 09 2013 - 2 reports

Euro rises as German data tempers rate cut prospects

:49 Posted by 2LONDON: The rose against the dollar on Wednesday after an unexpected rise in German industrial output was seen making a near-term euro zone interest rate cut less likely.However, analysts were wary about how much the euro could rise given ... [Published Business Recorder - May 08 2013]

Entities: Rate Cut, Eurozone, New Zealand Dollar, Simon Derrick, Niels Christensen

First reported May 08 2013 - Updated May 08 2013 - 1 reports

European Central Bank

Forex Market Update: Euro, Aussie Dollar Up against U.S. Dollar

The euro climbed against the U.S. dollar as prospects of further monetary easing from the European Central Bank (ECB) faded after the German industrial orders data, showed that industrial orders climbed for the second straight month in March. Industrial ... [Published futuresource.com - May 08 2013]

Entities: Australian Dollar, US Dollar, Forex, European Central Bank

First reported May 02 2013 - Updated May 03 2013 - 1 reports

Ex-regulator plays down yuan reserve currency role

02/05/2013 | Chris WrightLiu Mingkang's remarks may dampen speculation over China’s ambitions to make the renminbi a global reserve currencyChina has no ambition for the renminbi to become a reserve currency, according to one of the most important Chinese ... [Published Emerging Markets - May 02 2013]

Entities: China, Liu Mingkang, Financial Market, Simon Derrick

First reported Apr 30 2013 - Updated Apr 30 2013 - 1 reports

Markets More Focused on FOMC Than ECB

(Kitco News) - Markets were relatively quiet Tuesday afternoon as most traders and investors waited on the sidelines for rate announcements from both the Federal Open Market Committee and European Central Bank later in the week; however, most analysts ... [Published Kitco - Apr 30 2013]

Entities: European Central Bank, Federal Reserve System, Marc Chandler, George Gero

First reported Apr 25 2013 - Updated Apr 27 2013 - 1 reports

Euro Falls Versus Major Peers on Rate-Cut Bets; Sterling Climbs

April 25 (Bloomberg) -- The euro weakened against most major counterparts on speculation the European Central Bank will lower its key interest rate to a record low next week as the region’s economy slumps.The yen pared gains versus the dollar as an increase ... [Published La Repubblica - Apr 25 2013]

Entities: Speculations, European Central Bank, Bank of Japan, Simon Derrick, Neil Jones

First reported Apr 25 2013 - Updated Apr 25 2013 - 1 reports

Yen Rises as Japan Investors Cut Overseas Holdings; Pound Surges

The yen strengthened for the first time in three days against the dollar as Japanese investors cut their holdings for overseas bonds for a sixth week.Japan’s currency rose versus 13 of its 16 major counterparts as the nation’s life insurers this week ... [Published Bloomberg - Apr 25 2013]

Entities: Japan, Simon Derrick, London, Office For National Statistics, Bank of New York Mellon Corp

First reported Apr 24 2013 - Updated Apr 24 2013 - 1 reports

Greater Grand Theft Cyprus

Hit 'em again harder is policy. Cyprus is Exhibit A. It's pound of flesh demanded got greater. "Could it possibly get any worse," headlined Cyprus Mail?"Weeks after agreeing to Eurocrat terms, six billion more euros are demanded. A leaked European Commission ... [Published Mathaba.net - Apr 24 2013]

Entities: Cyprus, Greece Bailout, Eurozone, Black Hole, International Monetary Fund

Quotes

"obviously there are still question marks over the uk economy but today's gdp data didn't give investors anything fresh to worry about and helped sterling a bit ... we remain on hold as we wait to see what mr carney has to offer" said Simon Derrick, head of currency research at Bank of New York Mellon

Sterling recovers vs dollar but still vulnerable [Published Yahoo! UK and Ireland - May 23 2013]

...Germany managed to avoid a recession, but scraped growth of just 0.1%. Simon Derrick, chief currency strategist at BNY Mellon, said, "it's easy to get caught up in the drama of the individual crises in the eurozone, but behind it all it's important not to forget that it does very real damage to economic performance. what you're seeing now is exactly that."

Climate crisis spreads as big chill strikes eurozone core [Published Guardian.co.uk - May 16 2013]

"it's a bit like the pot calling the kettle black" said Simon Derrick, senior currency strategist at BNY Mellon

G7 says Japan playing by currency rules [Published Star-Telegram - May 11 2013]

"positive german industrial production data clearly questions whether there is space for another euro zone rate cut right now" said Simon Derrick, head of currency strategy at Bank of New York Mellon

Euro rises as German data tempers rate cut prospects [Published Business Recorder - May 08 2013]

More Content

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Reuters Today: More froth to come off whippy ma... [Published Reuters Video: Top News - 18 hours ago]
Reuters Today: More froth to come off whippy ma... [Published Reuters Video: Business - 18 hours ago]
Sterling recovers vs dollar but still vulnerable [Published Yahoo! UK and Ireland - May 23 2013]
Europe Day Ahead: ¡Hola IMF! – Spain’s third ba... [Published Reuters India - May 20 2013]
Aussie battles against global forces [Published Adelaide Now - May 20 2013]
Climate crisis spreads as big chill strikes eur... [Published Guardian.co.uk - May 16 2013]
G7 says Japan playing by currency rules [Published Star-Telegram - May 11 2013]
Forex Market Update: Euro, Aussie Dollar Up aga... [Published futuresource.com - May 08 2013]
Euro rises as German data tempers rate cut pros... [Published Business Recorder - May 08 2013]
Euro rises as German data tempers rate cut pros... [Published Reuters - May 08 2013]
Ex-regulator plays down yuan reserve currency role [Published Emerging Markets - May 02 2013]
Markets More Focused on FOMC Than ECB [Published Kitco - Apr 30 2013]
Euro Falls Versus Major Peers on Rate-Cut Bets;... [Published La Repubblica - Apr 25 2013]
Yen Rises as Japan Investors Cut Overseas Holdi... [Published Bloomberg - Apr 25 2013]
Greater Grand Theft Cyprus [Published Mathaba.net - Apr 24 2013]
Cyprus "Served Poison" forced to find extra €6b... [Published St George West - Apr 12 2013]
22-year JGB bubble may be about to burst [Published Reuters Video: Top News - Apr 08 2013]
22-year JGB bubble may be about to burst [Published Reuters Video: Business - Apr 08 2013]
Markets set for sterling sell-off after AAA set... [Published The Independent - Feb 25 2013]
The End of Rule of Law. [Published London Irvine Report - Dec 19 2012]

Blogs

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Cyprus "Served Poison" forced to find extra €6b... [Published St George West - Apr 12 2013] Heather Stewart and Helena Smith : Cypriot politicians have reacted with fury to news that the crisis-hit country will be forced to find an extra €6bn (£5bn) to contribute to its own bailout, much of which is expected to come from savers at its ...
The End of Rule of Law. [Published London Irvine Report - Dec 19 2012] br />!--[if gte mso 9]><![endif]--> Baltic Dry Index. 743 -23 LIR Gold Target by 2019: $30,000. Revised due to QE programs. "As fewer and fewer people have confidence in paper as a store of value, the price of gold will continue to rise. ...

Audio/Video

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Reuters Today: More froth to come off whippy ma... [Published Reuters Video: Top News - 18 hours ago]
Reuters Today: More froth to come off whippy ma... [Published Reuters Video: Business - 18 hours ago]
22-year JGB bubble may be about to burst [Published Reuters Video: Top News - Apr 08 2013]
22-year JGB bubble may be about to burst [Published Reuters Video: Business - Apr 08 2013]