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U.K. October Retail Sales Decline for a Second Month

posted by princesa 10 hours ago in GBP, Inflation, Retail Sales made popular 9 hours ago

U.K. retail sales fell less than economists forecast in October as shoppers bought more food items, offsetting lower spending on electrical goods and clothing.  read more

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Rates Set to Go Under the Knife

posted by sassygirl 15 hours ago in GBP, Inflation made popular 9 hours ago

The Bank of England wants badly to bring interest rates down. But it also wants to avoid a further drubbing of the U.K. pound, which, after years of being king of the currency markets, has fallen sharply against the dollar and the euro in recent  read more

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Rate cuts loom as economic prospects worsen

posted by keiragabe 16 hours ago in CAD, Fundamental, Inflation made popular 9 hours ago

Canada's economic prospects have deteriorated in the past month, Bank of Canada Governor Mark Carney said Wednesday, hinting strongly that he would continue to cut interest rates in order to address the slowdown.  read more

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Money Rates Decline in Europe on Cash Injections

posted by twilight 17 hours ago in EUR, Fundamental, Inflation made popular 9 hours ago

The cost of borrowing in dollars for three months in London fell for a second day on speculation central-bank cash injections and deeper interest-rate reductions will further thaw the freeze in lending.  read more

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Central Bank Tries to Determine Interest Rates as Far as it

posted by chloegurl 17 hours ago in Fundamental, Special, Inflation made popular 9 hours ago

Occasionally I hear the odd guest on CNBC or Bloomberg Radio who lays blame for the crisis in exactly the right place - the Federal Reserve System in the U.S....or central banking more broadly.  read more

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Bank of England gets out machete

posted by ceronueve 17 hours ago in GBP, Fundamental, Inflation made popular 9 hours ago

The benchmark interest rate might have to be cut by more than 2 percentage points, the Bank of England said yesterday, after its forecasts pointed to a deepening recession.  read more

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Bank of England to cut interest rate again

posted by mintchocolate 1 day 6 hours ago in GBP, Inflation made popular 17 hours ago

A CUT in interest rates in time for Christmas became a virtual certainty today.  read more

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BOE Minutes Spark Rise in UK Fixed Income Markets

posted by grink 1 day 7 hours ago in GBP, Inflation made popular 1 day 3 hours ago

British fixed income markets are significantly higher during Wednesday's session after the latest set of the Monetary Policy Committee (MPC) meeting minutes hit markets, documenting unanimous support of its last 150bp cut.  read more