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Sterling extends rally, euro/stg eyes hefty daily loss

posted by eriathwen 1286 days ago in GBP, Inflation made popular 1285 days ago

Sterling extended gains on Monday as profit-taking following the currency's recent slide helped to put the euro on track to posting its biggest one-day loss against the pound in eight years.

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The fightback of sterling may be shortlived

posted by sassygirl 1286 days ago in GBP, Fundamental made popular 1286 days ago

George Osborne may have spent much of Sunday furiously insisting he was perfectly within his rights to tell the world he thought the Government's economic policies might trigger a run on the pound, but he will still have breathed a sigh of relief

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Bank of France Business Sentiment Weaker Than Expected inOct

posted by xjessicax 1286 days ago in EUR made popular 1286 days ago

Business pessimism in France was stronger than expected in October, as reflected in the Bank of France's business sentiment indicator falling to 77, down from both the 85 figure expected and September's revised 86 reading.

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Financial Instability Threatens Price, Growth Stability

posted by stephenie 1286 days ago in EUR made popular 1286 days ago

European Central Bank Governing Council member Axel Weber said that financial market instability threatens both price stability and sustainable growth and that the belief in markets being able to regulate themselves has deteriorated.

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French Banks Are Robust and Stable, Says ECB's Noyer

posted by milkyway 1286 days ago in EUR, Fundamental made popular 1286 days ago

European Central Bank Governing Council member Christian Noyer said that the capital injection for French banks last month was merely a preventative step being taken and that banks in France, with the exception of Dexia, were robust and stable, w

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Europe’s industrial and logistics property market stable

posted by twilight 1286 days ago in EUR, Fundamental made popular 1286 days ago

Despite economic uncertainty, the European industrial and logistics market is showing signs of relative stability compared with other real estate sectors. Robust activity in Central and Eastern Europe (CEE)—and also particularly in Germany—has co

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U.S. Recession to Extend Into 2009, Business Economists Say

posted by xjessicax 1287 days ago in USD, Fundamental, GDP made popular 1285 days ago

The U.S. has entered a recession that will persist into next year, and economies around the world will follow suit, according to a survey of business economists.

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U.S. Recession to Extend Into 2009, Business Economists Say

posted by xjessicax 1287 days ago in USD, Fundamental, GDP made popular 1283 days ago

The U.S. has entered a recession that will persist into next year, and economies around the world will follow suit, according to a survey of business economists.

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U.K. Economy Will Contract Most Since 1980 Next Year, CBI Sa

posted by chloegurl 1287 days ago in GBP, Fundamental made popular 1286 days ago

The U.K. economy will contract the most in almost three decades next year and house prices are now falling at the fastest pace since at least 2002, two industry reports showed.

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Long, painful recession is likely - survey

posted by kulas 1287 days ago in Fundamental, GDP made popular 1286 days ago

A survey of leading economists showed Monday that the likelihood of a prolonged recession has increased significantly as economic conditions continue to deteriorate.

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Oil falls below $56 in Asia as Japan recession heightens

posted by blitz 1287 days ago in USD, JPY, Oil made popular 1286 days ago

Oil prices fell below $56 a barrel Monday in Asia as news that Japan fell into recession highlighted investor fears of a global economic slowdown that will hurt crude demand.

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Europe, Asia Refinance Risk Bigger Than in U.S.

posted by scorpio 1287 days ago in EUR, Fundamental made popular 1286 days ago

Refinancing risk in Europe and Asia exceeds the U.S. in 2009 because more than twice the amount of debt will mature in the two regions than in the world's biggest economy, analysts at Barclays Capital said.

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