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Tag Archives: BOE
Risk Aversion Returns
Safe haven currencies have been the major benefactors overnight as markets were battered with more evidence of economic downturn. Sterling has declined against the US Dollar, Euro and Yen this morning as the BCC figures describe the state of the UK economy as ‘frightening’.
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Markets Await Bank Decision
The Bank of England is likely to cut interest rates to an all time low today with an expected reduction of between 0.5% and 1%. Negative data from the Eurozone has weakened the Euro overnight and US private sector unemployment figures show a larger than expected rise for November. Continue reading
Sterling gains some Strength
Sterling has appreciated against the Euro following the release of negative economic data from the Eurozone this morning. The US, Australian and Kiwi Dollars are trading near recent highs as interest rate cuts are predicted from the Bank of England and ECB this month. Continue reading
Japan cuts rates to 0.1%
The Japanese Central Bank slashed interest rates to 0.1% yesterday and the Pound slid further towards parity, hitting 1.0464 against the Euro as official figures revealed the extent of government budget deficits in the UK. Continue reading
Euro, Sterling Recover
The Pound and Euro have recovered from very low levels last Thursday following interest rate decisions from their respective central banks. Rising unemployment on ‘non-farm Friday’ in the US sent the Dollar lower but markets have gained ground this morning, buoyed by Obama’s announcement of increased government spending to stave off recession in the US. Continue reading
Posted in Currency News, Euros, Other Currencies, UK Pound Sterling, US Dollars
Tagged Asian currencies, bank of england, banks, BOE, currency exchange, currency solutions, currency trading, ECB, European Central Bank, Euros, Eurozone, Interest rates, the pound, Trichet, uk banks, uk economy, UK Pound Sterling, US Dollars, World economy
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Bank Cuts to 2%
Interest rate cuts yesterday forced the Pound to an historic low against the Euro as the Bank of England reduced rates to their lowest level in 57 years. The Bank’s base rate was lowered by 1%, while the ECB reduced rates by 0.75% in a move that was widely expected by markets. Global equities are lower this morning ahead of the publication of US employment figures later in the day. Continue reading
Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling, US Dollars
Tagged bank of england, banks, BOE, currency exchange, currency solutions, currency trading, ECB, European Central Bank, Euros, Interest rates, the pound, uk banks, uk economy, UK Pound Sterling, US Dollars, World economy
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