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UK economy headed for trouble

posted by princess 1263 days ago in GBP, GDP

Analysts say the UK economy could contract at the fastest pace since 1990.

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Retailers asked to explain cross-Border prices

posted by princess 1264 days ago in GBP, Inflation made popular 1264 days ago

MINISTER FOR Enterprise, Trade and Employment Mary Coughlan challenged retailers to explain price differentials between the Republic and the North and Britain.

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Pound Declines as U.K. House Sales Tumble to Lowest

posted by princess 1264 days ago in GBP, Fundamental, Inflation

The pound dropped against the dollar and the euro after an industry report showed sales of U.K. homes slipped to the lowest level since at least 1978 as the economy plunged deeper into a recession.

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US Economy to Worsen, Says Obama

posted by princess 1265 days ago in USD, Fundamental made popular 1265 days ago

President-elect Obama pledged to pursue a recovery plan for the US economy on Sunday. He stated that there is a need to create more public-works programs that are not just built around highway projects and bridges but more “green jobs” need to be

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Sweden, New Zealand make dramatic rate cuts

posted by princess 1269 days ago in USD, NZD, Inflation

Sweden cut interest rates by a record 175 basis points on Thursday, prompting speculation of dramatic cuts elsewhere in Europe to try to stop a global slump spreading faster than policymakers had anticipated.

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Bank set to cut rates again

posted by princess 1273 days ago in GBP, Fundamental, Inflation made popular 1273 days ago

The Bank of England is widely expected to cut interest rates by at least another 0.5% this week as it tries to stave off a deep recession.

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Shake up for Scottish home sales

posted by princess 1274 days ago in GBP made popular 1274 days ago

Anyone selling a residential property in Scotland will have to give potential buyers a Home Report from 1 December.

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Consumer Confidence Improves

posted by princess 1275 days ago in USD, Consumer made popular 1275 days ago

The Conference Board’s Consumer Confidence Index improved slightly in November, up 6.1 points to 44.9. The flip side is that there was nowhere to go but up, since the index hit a record low of 38.8 in October (1985=100).

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House prices fall but pace eases

posted by princess 1277 days ago in GBP, Fundamental, Housing made popular 1275 days ago

The slump in house prices eased off in November with prices falling by just 0.4%, according to the Nationwide, the UK's largest building society.

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More spending planned in Scotland

posted by princess 1277 days ago in GBP made popular 1277 days ago

Spending in Scotland is set to be speeded up, according to ministers.

The money to be spent on new and improving school buildings in Scotland will be hastened after the chancellor's pre-Budget report permitted Scotland to bring forward funds a

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European Stocks Fall on Recession Concern

posted by princess 1277 days ago in GBP, Fundamental, Consumer made popular 1277 days ago

European stocks fell for the first time in three days, led by utilities, financial firms and consumer-goods companies, on concern recessions around the world are deepening.

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Australia May Avoid Recession on Rate Cuts, OECD Says

posted by princess 1278 days ago in AUD, Fundamental, Inflation made popular 1278 days ago

Australia’s economy will avoid a recession next year, helped by lower interest rates, government spending and exports, the Organization for Economic Cooperation and Development said.

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