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Exporters Should Act Now to Beat Rising Interest Rates, Says CurrencyUK – 22 Feb 11 As inflation continues to rise, speculation is rife that the Bank of England (BoE) is set to raise interest rates three times this year, with the first as early as May. Foreign exchange (FX) broker,…
Yesterday was a relatively quiet day in the currency markets with the US holiday meaning volumes were low and currency pairs were trading in narrow ranges. In economic releases today we have the UK public borrowing figures, which in recent times have had the people at HM Treasury shaking in…
They dreamt of a better life on the Costas. Now villa values have HALVED, pensions have crashed – and they can’t afford to come home. Now for the really bad news, it’s about to get even worse. The Spanish government estimates there are 700,000 unsold new-build houses across the country….
The UK economic news has been thin on the ground this week with nothing released yesterday and no UK releases today either. As you can see from the economic calendar it is quiet across the board with only three European data announcements to speak of today. From this you would…
I wouldn’t recommend anyone falls out with their boss or hands in their notice today, unless of course you have another job, as the UK jobs market remains gloomy. The UK unemployment release yesterday appeared positive at first glance with those claiming unemployment benefits falling by 10,200, but remember this…
The UK unemployment figures are released this morning and it’s expected to remain frustratingly high. The issue is that the UK economy is simply not growing quickly enough to make any great headway into the unemployment number, which currently stands at 7.9%. In recent weeks the Prime Minister, the Chancellor,…
As large European gatherings go, the EU Summit on Friday was rather more productive than the usual watered down communiqué you get at the end of these events. The main success was the European Financial Stability Fund – the fund used to bail out Greece and Ireland – which was…
If only everything in life was as predictable as a Bank of England interest rate decision. The market had expected rates to remain on hold and the MPC did not disappoint – keeping rates at their historical lows of 0.5% for another month. As the saying goes though, the devil…
Mervin King and his MPC colleagues announce their interest rate decision at 12 GMT. Markets expect rates to remain on hold with the UK economy appearing too fragile to deal with higher rates just now. Whatever the committee decide, they are dammed if they and do dammed if they don’t,…
The USD has finally found its footing and regained a little strength on the back of a dip in the oil price. Risk appetite rose overnight, and the oil price fell, after Kuwait’s oil minister said OCEP, the Organisation of Petroleum Exporting Countries, members were discussing an emergency meeting that…