IFX Market Report for 17/04/2012

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GBPEUR yesterday traded in a narrow range opening the day at 1.2159, reaching a high of 1.2176 before closing the day at the low 1.2135. This closing rate is significant as the level needed for further upside trends is a close above 1.2150.

Sterling advanced for a second day versus the Euro after an industry report showed asking prices for UK homes continue to rise, adding to signs Britain’s economy will outperform Europe’s.
GBPUSD saw a gradual rise through the day, opening at 1.5828 and closing the day at its high of 1.5888. The support and resistance target levels to break at close still remain at 1.5800 and 1.6065 respectively. The currency pair is trading in a range and this is expected to continue until tomorrows MPC meeting minutes are released.

Data released this morning shows that UK CPI YoY rose to 3.5% as expected, the first monthly rise since September last year. This reduces the likelihood of further QE in the near term and could mean the Bank of England may have to tighten monetary policy in future meetings.EURUSD dropped to a monthly low of 1.2994 yesterday, but began retracing during the afternoon to close the session at 1.3080. This morning the pair is trading back above 1.31. Analysts are looking for a close below 1.3000 to see the downward momentum gather pace.

Federal Reserve officials are grappling with how they might eventually exit from their plan to keep interest rates low through late 2014 without jolting markets.

Fed member Bullard stated yesterday that the US should hold monetary policy steady when it meets next week and continue to evaluate its options for the future.

US Core Retail Sales were released at 0.8%, after forecasts of just 0.3%. This is up on February and 6.1% higher than a year ago.

French President Nicolas Sarkozy Tuesday said in a radio interview yesterday that the weaker euro is good news as it boosts the competitiveness of European exporters.

Spanish 10-year bond yields jumped to 6.16% the highest level since December 1st.

Spain will sell 12 and 18 month bills today, followed by auctions of debt due in October 2014 and January 2022 on April 19th.

China’s yuan tumbled against the dollar as the central bank doubled the daily trading band, in one session USDCNY weakened 0.2% to 6.315.

AUD declined against 15 of its 16 major peers after minutes of the Reserve Bank of Australia’s last meeting signalled that the central bank is ready to cut interest rates if inflation eases. The minutes reaffirmed that the next rate reduction hinges on an April 24 report on first-quarter inflation. GBPAUD moved from 1.5280 at 3pm yesterday and is currently

Daniel Fountain / 16.04.2012

Editor, Hotel Designs

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Fun fact: I’m usually the person friends rely on to organise trips, schedules, and group plans.

Workhighlights: Successfully coordinating events from planning through to delivery and seeing everything come together on the day.

Fun fact: I’m a keen cyclist and will happily bore people with copious amounts of cycling chat. My top cycling experience (so far) would have to be riding in the spectacular mountains of Crete.

Work highlights: Charles joined Forum Events in 2022. With a background in publishing, editorial media and events, Charles brings a wealth of experience to his role as Senior Production Manager. Having being involved with SPACE from the outset, he is excited to see the brand grow and develop.

Fun fact: People tell Sienna she gives off Bridget Jones vibes, and she loves to bake, always making sure there are shortbreads floating around the office

Work highlights: Sienna joined Forum Events & Media Group while studying Communications and Media, starting in the sales team where she managed and helped launch the first the PA Life Leading Venues of London SHOWCASE, where she built relationships with luxury venues across the capital. Drawn to the stories behind these spaces, she naturally transitioned into the editorial team, creating social media and editorial content. Upon graduating in June 2026, she is excited to be joining as Assistant Editor for Hotel Designs and SPACE.

Fun fact: When not working, Jess can usually be found tending to her kitchen garden in the Sussex countryside or foraging for herbs in the nearby woods. A keen grower, she recently studied a RHS Level 2 Diploma in the Principles of Horticulture during her spare time.

Work highlights: Jess joined SPACE magazine in 2022 and has since progressed from Assistant Editor to Editor. During this time, she has worked across many aspects of the publication – from shaping editorial strategy and overseeing operations to contributing to art direction and representing the brand on stage at industry events including Surface Design Show and WOW!house.

Alongside her role at SPACE, Jess has built a creative career spanning the arts, culture, design and travel sectors. Prior to joining the magazine, she spent more than a decade in the commercial art industry, in artist liaison, gallery management, and curating collections for the hospitality sector across hotels and cruise ships. During this time, she also worked on freelance projects as a writer, photographer, and creative content producer.
 
Jess studied photojournalism at London College of Communication and the Danish School of Media and Journalism and holds a first-class BA (Hons) in Culture, Criticism and Curation from Central Saint Martins.

Fun fact: Katy has spent years perfecting all kinds of accents and loves a good impersonation!

Work highlights: Katy has been with Hotel Designs since the beginning, way back in 2015 when Forum Events & Media Group acquired the brand.

During this time, she has fostered many meaningful relationships with clients from across the hospitality spectrum, as well as playing a pivotal role in the launch of The Brit List Awards, Hotel Designs MEET UPs, client-led roundtables and panel talks, brand and website redesigns, HD Wellness Sets, DESIGN POD podcast, Hotel Designs LIVE panel talk series, Accessible Design Talks and more. Katy is always on the lookout for the next opportunity to help grow the Hotel Designs brand even further.
 
Most recently Katy has stepped in to the role of Publisher at SPACE magazine, the printed bi-monthly publication focused on hotel design, architecture, and development.

Together these platforms offer a comprehensive 360-degree service encompassing digital media, print publishing, and live events – providing unparalleled value to advertisers, partners, and readers alike.