Economic confidence in the 16-member euro area unexpectedly worsened in May as the region struggles to gather strength after Greece’s budget crisis forced governments to step up spending cuts to reduce deficits. Figures showed that confidence slip to 98.4 in May from 100.6 the previous month, marking the second time that the reading has weakened [...]
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Risks are easy to find these days – sovereign risks, rising concerns about the banking sector, funding markets…take your pick. While elevated sovereign risks should not have come as a surprise (see Global Forecast Snapshots, December 9, 2009), the other two problems have brought with them a sense of d?j? vu of the 2008 financial [...]
Posted in FX News | Tagged 053110, bank, consensus, research, weekly
Read More All Eyes on the BOCs Rate Decision and Succeeding Comments
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As the economic recovery in Canada gathers pace, the central bank is widely expected to normalize policy in the second-half of the 2010 as Governor Mark Carney aims to balance the risks for growth and inflation. Read More USD CAD Trading the Bank of Canada Interest Rate Decision
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Spain’s economic woes deepen after Fitch downgrades its credit rating from AAA to AA+ in a move that could provoke panic in global stock markets. Read More Fitch downgrades Spains credit rating
Posted in FX News | Tagged credit, downgrades, fitch, rating, spains
Interest rates must remain low for a “prolonged period” to support an economy that is still facing the threat of a downturn, the British Chambers of Commerce has urged. Read More BCC says keep interest rates low or else
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Richard Lambert, the CBI’s director-general, has said that Danny Alexander must show “toughness and judgment” in his shock new role as Chief Secretary to the Treasury. Read More Opinion divided over Danny Alexanders move to Treasury
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The economic potential from the South African event is huge, report Graham Ruddick and Jamie Dunkley Read More Businesses look to score at the World Cup
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Read More Flexible working better than bonuses
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Euro Weighed by ECB Comments, British Pound Bounces Back
The Euro fell back from a high of 1.2333 as policy makers held a cautious outlook for the region, and the risks of contagion may lead the European Central Bank to maintain a loose policy stance in the second-half of the year as it aims to balance the risks for the economy. Read More Euro [...]
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