"Neil Mackinnon" was the first Protestantism/Protestant minister on the island of Skye, being for many years in the 17th century the Scottish Episcopal Church/Episcopalian minister of first Strathaird/Strath and subsequently Sleat.

More Neil Mackinnon on Wikipedia.

As far as interest rates are concerned, zero growth puts a 50 basis points cut back on the agenda at this week's Federal Open Market Committee meeting.

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The theme this morning is an increased awareness of the terrorist threat, which is benefiting the Swiss franc in its traditional role as a safe-haven currency.

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The dollar is going to prove resilient, and we could see further gains. Higher rates have supported the dollar all year, and with more work to do by the Fed, I can't see that changing.

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Whatever differences they've had, there does seem to be the same concern about inflation.

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Anything that would suggest a deteriorating appetite for US financial assets would undermine the dollar.

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The initial reaction was to sell the dollar, presumably in the notion that the core rates don't warrant aggressive action from the Fed.

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As far as the European Central Bank is concerned, they remain inflexible. Recent inflation numbers suggest that there's been some rounding up of prices as a result of the introduction of the euro. That means that the room to maneuver cutting interest rates is limited. That's a negative for the currency. There's also political risk from French and German elections this year.

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We've had a dollar sell-off in the latter half last week and a little bit of profit taking in late London trading.

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The current account numbers were pretty awful and put pressure on the sterling.

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