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Tag Archives: U.S GDP
Snow blankets City
It was a thin day of trading across London yesterday as snow blanketed the city, wreaking havoc with transport networks and forcing 1 in 5 workers to stay at home. The weather placed even more pressure on small business owners already feeling the effects of the credit crunch.
Sterling under Pressure
The Pound remains under pressure this morning, trading just off recent lows against its major currency partners. Barclay’s shares have risen nearly 40% in response to claims from the Chairman and Chief Executive the bank is operating in good financial health and the Federal Reserve is due to make an interest rate decision later in the week. Continue reading
US Unemployment at 16yr High
The US unemployment rate released on Friday has reached a 16 year high of 7.2% with 524 000 jobs lost in December. The Pound has maintained its recent strength against the Euro as markets focus on the ECB interest rate decision due on Thursday.
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US GDP Contracts 0.5%
The US economy contracted 0.5% in the third quarter sending global equity markets lower yesterday. The US accounts for 25% of global GDP and economic contraction in the US has significant implications for global market confidence. Otherwise, market movement is limited due to the holiday period. Continue reading