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South London crucial to recession recovery, experts says

posted by newsinabox 1232 days ago in EUR, Fundamental, Special made popular 1231 days ago

South London’s suburbs will play a key part in helping the capital through the current financial crisis, the new chairman of the influential Outer London Commission said.

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U.K. Manufacturing Plunged in November as Recession Worsened

posted by newsinabox 1233 days ago in GBP, Fundamental, Manufacturing

U.K. manufacturing plunged in November, extending its longest streak of declines since 1980, and factories raised prices at the slowest pace in a year as Britain’s recession worsened.

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UK Shop Prices Slow to 1.5% Year-Over-Year in December

posted by newsinabox 1235 days ago in GBP, Fundamental

According to the British Retail Consortium (BRC), the UK shop price index slowed to an annualized growth rate of 1.5% in December from November's 2.7% rate, the sharpest fall recorded since September 2007.

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Euro Zone Services PMI Falls to Series Low in December

posted by newsinabox 1236 days ago in EUR, Fundamental

Following the release of Italian purchasing managers index figures, along with final estimates on both the French and German services PMIs, Markit Economics reported that the services sector in the euro zone continued to deteriorate as the servic

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UK Construction PMI Reaches Series Low of 29.3 in December

posted by newsinabox 1237 days ago in GBP, Fundamental

The UK purchasing managers index for construction fell to a record low of 29.3 in December, down from both the 30.5 level expected and November's 31.8 figure, Markit Economics reported on Monday.

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Dollar Falls

posted by newsinabox 1244 days ago in USD, Special

The dollar dropped for a fourth day against the euro before reports this week that may show the world’s largest economy is slipping further into recession.

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Canada ready to back U. S. auto aid

posted by newsinabox 1253 days ago in USD, CAD, Fundamental made popular 1253 days ago

Prime Minister Stephen Harper and Ontario Premier Dalton McGuinty will unveil Canada's plan to bailout the Big Three automakers today in the wake of the $17.4-billion US aid package announced Friday by President George W. Bush

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Daily Forex Commentary December 19

posted by newsinabox 1255 days ago in Fundamental, Daily made popular 1254 days ago

The Aussie dollar bounced back to regain the 70 cent mark in Asia yesterday amidst continued weakness in the Greenback. In intraday trade it managed to hold onto a tight range between 0.7035 and 0.7065 for the majority of the day before European

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Minutes Show BOE Voted Unanimously for 100bp Rate Cut

posted by newsinabox 1256 days ago in EUR, Fundamental made popular 1256 days ago

With the risk of inflation falling below target levels due to the deterioration of economic activity in the UK and abroad, falling oil prices, weak money and credit growth, and the significant depreciation of the pound sterling, the Bank of Engla

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Japan November Consumer Confidence Falls

posted by newsinabox 1262 days ago in JPY, Consumer made popular 1261 days ago

Japan's general consumer confidence indicator decreased to 28.7 in November from 29.8 in October, the Cabinet Office said Friday. However, it was better than the expected reading of 28.

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German Exports Decline as Slowing Global Growth Cools Demand

posted by newsinabox 1264 days ago in EUR made popular 1264 days ago

Exports from Germany, Europe’s largest economy, fell in October as cooling global growth curbed demand.

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German Fixed Income Markets Drop

posted by newsinabox 1265 days ago in EUR, Fundamental made popular 1265 days ago

Despite coming in lower than expected, German industrial production figures have had an adverse effect on bond prices in Europe on Monday morning.

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