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Bank lowers UK growth estimates

posted by sassygirl 836 days ago in GBP, Fundamental, Inflation made popular 836 days ago

Britain’s emergence from recession will be slower than previously expected as the strength of the recovery is 'highly uncertain', the Bank of England said today alongside its latest quarterly inflation report.

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Germany loses top exporter crown to China

posted by sassygirl 837 days ago in EUR, Fundamental made popular 837 days ago

Germany's multi-year reign as the world's No. 1 exporter is officially over, with the crown formally passing to rising Asian power China after new figures showed that German exports slid by nearly a fifth in 2009, the biggest decline in 60 years.

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Canada January Housing Starts Rise to 15 Month High

posted by sassygirl 838 days ago in CAD, Fundamental, Housing

Canadian housing starts rose to a 15- month high in January, Canada Mortgage and Housing Corp. said.

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Oil rises towards $72

posted by sassygirl 839 days ago in Oil made popular 839 days ago

Risk averse investors continued to stay on the sideline which has affected trading activity on the commodity bourses.

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Europe's Deficit Concerns Are Overblown

posted by sassygirl 839 days ago in EUR, Fundamental, GDP

The deficit problems in Europe appear to be very serious indeed. As a percentage of GDP, the fiscal deficits of Portugal, Spain and Greece stood at 9.3 %, at 11.4%, and 12.7%, respectively.

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RBA's Confidence On The Economy

posted by sassygirl 839 days ago in USD, AUD, Inflation made popular 839 days ago

No significant change is expected, but the figures will highlight the vast difference with the US, Japan and Europe, and why our economy will outperform once again this year.

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Why Major Change in Fed's Interest Rate Policy

posted by sassygirl 840 days ago in USD, Inflation made popular 840 days ago

Prior to the Federal Open Market Committee meeting in January, there was speculation about whether the Fed's monetary-policy arm would announce a shift in the benchmark rate away from the overnight rate it charges banks, to the interest paid on b

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BoE to cut 2010 growth, raise inflation forecasts

posted by sassygirl 841 days ago in GBP, Inflation made popular 841 days ago

The Bank of England will almost certainly revise down its growth forecasts for this year while ramping up its inflation profile when it unveils its quarterly Inflation Report on Wednesday, a Reuters poll showed on Friday.

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RBA warns of further rate rises

posted by sassygirl 842 days ago in AUD, Inflation made popular 842 days ago

The Reserve Bank of Australia (RBA) has warned interest rates may rise further after modestly upgrading its core inflation forecasts for this year and next.

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US jobless claims rise, productivity stays high

posted by sassygirl 842 days ago in USD, Employment made popular 842 days ago

The number of US workers filing for jobless benefits unexpectedly rose last week, but another big gain in productivity in the fourth quarter offered hope that companies were getting close to adding to payrolls.

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Time is Running Out for the US Dollar

posted by sassygirl 843 days ago in USD, Gold

It's now nearly two months since gold registered an all-time high of $1,227 an ounce, following a five-month run during which the metal rose more than $300 an ounce.

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U.K. Needs 13 Billion-Pound Budget Squeeze by 2016

posted by sassygirl 843 days ago in GBP, Inflation, Employment made popular 843 days ago

The British government needs to cut spending or increase taxes by 13 billion pounds ($21 billion) by 2016 to repair the public finances and reassure investors, a research group said.

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