Will US GDP Figures Bring Another Surprise This Afternoon?
Fri, 29 Oct 10 11:52 am
The month draws to a close with crucial US GDP figures due this afternoon.
UK House Prices Give Cause For Concern
Thu, 28 Oct 10 11:27 am
Economic headlines in the UK this morning are being dominated by the Nationwide House Price report which has revealed a worrying drop of 0.7 percent in house prices in October.
Pound Climbs Once More Following Weeks of Depreciation
Wed, 27 Oct 10 12:02 pm
Sterling experienced its most significant rise in three months against a basket of other currencies following the unexpected growth shown in yesterday’s third quarter GDP figures.
Sterling Strengthens following GDP Figures
Tue, 26 Oct 10 16:03 pm
UK GDP figures announced at 0.8% are stronger than expected and have already given weight to a previously frail Pound - 0.8% is lower than the second quarter figures but far more robust than the market as a whole expected. The immediate reaction was a strengthening in the Pound.
G20 Indulges In A Little Deckchair Shuffling
Mon, 25 Oct 10 11:08 am
In their weekend meeting in South Korea, the G20 agreed to reform the IMF structure to give developing countries more of a say in the affairs of the body.
Further Data Suggests UK Housing Market Is Slowing
Fri, 22 Oct 10 11:00 am
Data produced by HM Customs and Excise suggests that the recovery in the UK housing sector has slowed down. Completed home sales dipped by 4,000 over the August figure last month to 78,000.
Well, He Would Say That, Wouldn’t he?
Thu, 21 Oct 10 11:14 am
The UK Chancellor, George Osborne, has been defending the cuts he outlined in the spending review on Wednesday.
Sterling falls after BoE minutes
Wed, 20 Oct 10 11:33 am
Sterling hit the day's low against the Euro after Bank of England minutes showed one policymaker had voted for more quantitative easing and data showed a rise in public borrowing.
US Treasury Secretary Denies Dollar Is Being Deliberately Weakened
Tue, 19 Oct 10 10:33 am
In an ironic turn of events, US Treasury Secretary Timothy Geithner, had to deny reports that the US is deliberately encouraging the current weakness in the US currency – the US has been increasingly vocal about its own concerns that China is deliberately manipulating the Yuan.
US Budget Deficit Down To $1.3 Trillion
Mon, 18 Oct 10 12:31 pm
A depreciating currency is a good thing from the perspective of an export-led economy since it makes goods cheaper in foreign markets, if they are priced in that currency.
UK Government Moves To Curb Tax Relief On Private Pensions
Fri, 15 Oct 10 11:16 am
In a move that is likely to hurt the most affluent members of society most, the government has announced that tax relief that is applied to money being placed in private pension plans is to be slashed from a ceiling of £255 000 to just £50 000 from April 2011.
UK Unemployment Dips
Thu, 14 Oct 10 11:14 am
Figures just released by the Office for National Statistics show that UK unemployment fell by 20 000 in the three month period to August but the number of people out of work for longer than a year has risen to its highest total in 13 years.
UK Inflation Remains At 3.1% In September
Wed, 13 Oct 10 11:58 am
The UK Consumer Price Index for September has remained unchanged at 3.1%, but the broader Retail Price Index, which includes a component due to housing costs, has fallen to 4.6% from 4.7% in August. The UK target for inflation is 2%, but that value was set before the global financial crisis struck.
RICS Survey Points To Falling House Prices In UK
Tue, 12 Oct 10 11:02 am
Data just released by the Royal Institute of Chartered Surveyors (RICS) suggests that downward pressure
UK Business Confidence Downturn
Mon, 11 Oct 10 11:48 am
In a week that will see the important Japanese consumer confidence figures released (tomorrow) along with a raft of similar figures from the UK and Germany this week, data just released indicates that UK business is pessimistic about future trends.
Investors Await G7 and International Monetary Fund Meetings This Weekend
Fri, 08 Oct 10 14:25 pm
Yesterday’s decisions by both the Bank of England and the European Central Bank to keep interest rates on hold were widely expected.
Pound Gaining As Bank of England Take No More Stimulus
Thu, 07 Oct 10 14:23 pm
The Bank of England has chosen to keep interest rates at 0.5 percent and introduce no further stimulus measures at their policy meeting this morning.
'Currency War’ and Quantitative Easing Measures Shaping Exchange Rates
Wed, 06 Oct 10 12:48 pm
The move by the Bank of Japan earlier this week to step up asset purchases, has caused investors to factor in the likelihood of other nations following suit.
Pound and US Dollar Still Under Pressure
Tue, 05 Oct 10 12:45 pm
As several policy meetings take place this week, markets continue to be dominated by speculation over which moves will be taken by various nations in terms of stimulus measures and interest rates, with potential volatility towards the end of this week.
Speculation Rises Over Need For Economic Stimulus Action In US
Mon, 04 Oct 10 15:13 pm
The US Dollar remains fragile, still sitting at around a six month low against the Euro.
Third Quarter Ends As Worst For US Dollar In Eight Years
Fri, 01 Oct 10 11:57 am
As the third quarter ends, the US Dollar is very much still under pressure, having experienced its worst quarter since April 2002.
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