Top
New York  London  GMT  Tokyo  Sydney 

Irish FM: “Unthinkable” that Irish banks would default on senior debt

By   || September 22, 2010 at 13:41 GMT
|| 3 comments || Add comment

Ireland continues to damp down speculation from late last week that huge debts at state-owned Anglo Irish Bank will lead to an inevitable default. Fin Min Lenihan expects Q3 GDP growth to re ‘reasonable”, Reuters reports.

EUR/USD is consolidating gains in the 1.3420s, trading in nervey fashion. Traders say liquidity is quite thin and ten-pip gaps in prices are the norm today…

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

3 Responses to “Irish FM: “Unthinkable” that Irish banks would default on senior debt”

  1. leo on September 22nd, 2010 13:46 GMT

    hi,
    liquidity part makes sense. one minute bid was 1.3406, next instant it jumped to 1.3420. am stayin on the sidelines. have a small long on gbpusd..to tracking that one..

  2. Rance on September 22nd, 2010 13:46 GMT

    Jamie, is liquidity thin due to some of our asian friends having the week off or am I mistaken?

  3. Jamie Coleman on September 22nd, 2010 13:57 GMT

    Could be rance…may just be that they guys who need to sell have already sold and the guys that need to buy are having to push prices higher to induce sellers…I think longs are pretty content so long as prices are rising…may be more willing to sell once the rally cools…that’s usually the way these things work…

Bottom