The Bank of England has cut its growth forecasts and warned in its May Inflation Report that inflation will stay high for longer than it previously thought. Here are the highlights from the Bank’s policymakers. (Quotes are by Mervyn King unless otherwise stated). Read More Bank of England cuts growth forecasts the highlights
Posted in FX News | Tagged bank, cuts, england, forecasts, growth, highlights, of, the
FXstreet.com (San Francisco) – GBP/USD is virtually unchanged so far this Tuesday, having traded… For more information, read our latest forex news. Read More Forex GBP USD within tight 20pip range ahead of UK trade data
Posted in FX News | Tagged 20pip, ahead, data, forex, gbpusd, of, range, tight, trade, uk, within
FXstreet.com (Barcelona) – EUR/USD is currently at 1.2832, retreating from the double session high… For more information, read our latest forex news. Read More Forex EUR USD above 12800 ahead of a very busy morning in London
Posted in FX News | Tagged 12800, a, above, ahead, busy, eurusd, forex, in, london, morning, of, very
Greek political leaders ignored a final plea on Sunday from the president to form a coalition government to avert a repeat election, pushing the debt-stricken nation closer to bankruptcy and a possible exit from the eurozone. Read More Greece faces moment of truth as talks stall
Posted in FX News | Tagged as, faces, greece, moment, of, stall, talks, truth
The euro crisis is entering its final stages. Economic pain is now interacting with political resistance to produce intense financial pressure. I expect Greece to leave the euro – and perhaps very soon. Read More The final death throes of the euro
Posted in FX News | Tagged death, euro, final, of, the, throes
Germany has drawn up plans to make Britain pay a share of the multi-billion pound clean-up costs if Greece is ejected from the euro, risking a clash with Downing Street. Read More Britain to share costs of Greek exit
Posted in FX News | Tagged britain, costs, exit, greek, of, share, to
The Euro broke decisively lower against the US Dollar as disappointments in Greek elections and broader Euro Zone difficulties proved enough to force a major shift across financial markets. It was initially a feeling of déjà vu as the EURUSD dropped sharply into the first week of May—just as it had done in April only [...]
Posted in FX News | Tagged a, bigger, breakdown, euro, much, of, start, the, tumbles
Risk trends have soured. Rate expectations have receded. Financial uncertainty has returned. And, there is still no imminent sign of fresh stimulus. This is the perfect mix for a wholesale shift towards risk aversion. Read More Anything Standing in the Way of EURUSD, AUDUSD, Dow Bear Trends
Posted in FX News | Tagged anything, audusd, bear, dow, eurusd, in, of, standing, the, trends, way
The BOE kept rates on hold when it concluded its May meeting last week; it also allowed the asset purchase program to come to an end. Since the UK slipped back into recession in Q1 2012 and the growth figures at the start of the second quarter have continued to Read More The Bank of [...]
Posted in FX News | Tagged bank, englands, move, next, of, the
FXstreet.com (San Francisco) – AUD/JPY is under slight pressure in early Asia, having traded down… For more information, read our latest forex news. Read More Forex AUD JPY threatening retest of support at 8035
Posted in FX News | Tagged 8035, at, audjpy, forex, of, retest, support, threatening
