In his first Mansion House speech last June, the Chancellor made much of the fact that the economic fall-out from the banking crisis increased the risk that investors will lose faith in a state’s ability to fund itself. Read More UK economy Plan A Is George Osborne on the right path
Posted in FX News | Tagged a, economy, george, is, on, osborne, path, plan, right, the, uk |
Households should be prepared for further rises in their power bills of the magnitude of Scottish Power’s inflation-busting 19pc increase in gas prices and 10pc hike in electricity tariffs, Centrica chairman Sir Roger Carr has warned. Read More Centrica chairman warns steep energy price increases are inevitable
Posted in FX News | Tagged are, centrica, chairman, energy, increases, inevitable, price, steep, warns |
Jean-Claude Juncker, head of the euro-zone finance ministers, has backed Germany’s proposal for a “soft restructuring” of Greece’s debt, but said any contribution from private sector creditors should be “voluntary”. Read More Juncker backs a soft Greek debt restructuring
Posted in FX News | Tagged a, backs, debt, greek, juncker, restructuring, soft |
Israel central bank governor Stanley Fischer’s chances of becoming the next head of the International Monetary Fund are “not great,” Israeli’s Finance Minister has acknowledged. Read More Stanley Fischers chance of IMF job hampered by age, says Israeli finance minister
Posted in FX News | Tagged age, by, chance, finance, fischers, hampered, imf, israeli, job, minister, of, says, stanley |
Profiles of Stanley Fischer, Christine Lagarde and Agustin Carstens, who are all vying to be the next head of the IMF following the departure of Dominique Strauss-Kahn. Read More IMF contenders How the three candidates line up
Posted in FX News | Tagged candidates, contenders, how, imf, line, the, three, up |
Over the last fortnight, the euro has recovered from its dip. The euro strengthened significantly versus the dollar, the pound sterling and the Scandinavian currencies. Towards the end of the week, EUR-USD was trading at around 1.45 almost 3 cents higher than a fortnight ago. In our view, the Read More Markets Ignore ECBs Interest [...]
Posted in FX News | Tagged ecbs, hike, ignore, interest, markets, rate, signal |
Notwithstanding the fact that both the ECB and MPC left policy unchanged (the former signalling a near-term intent to tighten policy), last week saw little to guide markets on how key global economies were weathering the current soft spot. Markets remained subdued, the US ten-year yield still trading below 3%, Read More The Persistence of [...]
Posted in FX News | Tagged a, global, of, persistence, slowdown, the |
Risk assets (stocks and commodities) continue to slide lower after topping out in early May on signs the global recovery was losing steam. Incoming data continues to highlight a slowdown in major developed economies, and the main question is whether this is only a temporary soft patch or the start Read More Risk Retreat Continues, [...]
Posted in FX News | Tagged accelerate, continues, may, retreat, risk |
