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Interest rates 'must fall by 1% in January'

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

Falling manufacturing output highlights the need for further interest rate cuts, according to one body.

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Oil holds above $40 level

posted by posh 1265 days ago in USD, Oil, Metals made popular 1265 days ago

US oil prices managed to maintain a hold above the $40 a barrel level on Monday, attempting to consolidate after last week’s dramatic retreat, the worst weekly performance since 1991.

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Interest rates need to fall to 1pc

posted by posh 1269 days ago in GBP, Inflation, Housing made popular 1269 days ago

Housing experts today warned that The Bank of England needs to cut interest rates further to 1pc in order to get the housing and mortgage markets back on track.

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Bank of England concerned about cutting too far, too fast

posted by posh 1269 days ago in GBP, Inflation

Having sat on its hands in the summer while the economy was heading smack into the biggest recession in three decades, the Bank of England is now making up for lost time.

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Recession worries dent consumer morale

posted by posh 1271 days ago in GBP, Fundamental, Consumer made popular 1270 days ago

Worries about an impending recession pushed consumer confidence to its lowest in at least four years in November, even though consumers were more inclined to spend, a survey showed on Wednesday.

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UK to plan measures as U.N. steers aid to support poor natio

posted by posh 1273 days ago in GBP made popular 1273 days ago

Britain said it would do more to help its ailing economy, as a U.N. aid conference opened Saturday in Doha to help developing nations weather the global financial storm.

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Eurozone inflation at 2.1%

posted by posh 1275 days ago in EUR, Inflation made popular 1275 days ago

INFLATION in the 15 countries sharing the euro plunged in November to a 14-month low of 2.1 per cent as oil prices dropped, according to an estimate by the Eurostat EU data agency on Friday.

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Publicly funded UK research worth as much as 39p per pound

posted by posh 1276 days ago in GBP, Technical, GDP made popular 1276 days ago

Public and charitable investment in medical research in the UK brings substantial economic gains in addition to its health benefits, a new study suggests.

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Dollar Falls on Deepening U.S. Recession, Rate-Cut Speculati

posted by posh 1277 days ago in USD, Inflation, Consumer made popular 1275 days ago

The dollar fell against the yen after the biggest drop in U.S. consumer spending in seven years fanned speculation the Federal Reserve will cut interest rates to help avert a prolonged recession.

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Economy nears recession after shrinking in third quarter

posted by posh 1277 days ago in GBP, Fundamental, GDP made popular 1277 days ago

Britain's economy shrank 0.5 percent in the three months to September, placing it perilously close to recession as it feels the chill from the global financial crisis, official data showed Wednesday.

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World First NZD/AUD Weekly Update

posted by posh 1278 days ago in AUD, NZD, Fundamental made popular 1278 days ago

Something to remember at present is that as each quarter of negative growth passes we are closer to the day that the sun shines again.

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UK to be hardest hit

posted by posh 1278 days ago in GBP, GDP made popular 1278 days ago

Britain has been bracketed with Hungary, Iceland and Spain as one of the countries most affected by the global credit crunch and falling house prices, according to the west's leading economic thinktank.

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