Archive for May 8th, 2008
Awaiting Decisions
Awaiting Decisions
The ECB and BoE today are both scheduled to meet as this keeps markets on hold as the dollar remains mixed while crude oil prices continue to incline adding more pressure to economies as they already suffer from inflation as there is a current global slowdown.
The single currency is continuing to lose grounds versus […]
BoE Leaves Rates Unchanged On Inflation Concerns
BoE Leaves Rates Unchanged On Inflation Concerns
The BoE left their benchmark interest rate unchanged at 5.00%, in order to gauge inflation risks. The central bank has been concerned with inflation breaching its 3% threshold, which requires Governor King to write a letter of explanation to Chancellor Alistair Darling. Inflation stands at 2.5% far above the […]
Is Europe Beginning To Show Signs Of Strain?
Is Europe Beginning To Show Signs Of Strain?
European Mid Morning Update
Releases from Europe
Forecast Actual March German Trade Balance EUR 17.0bn 16.7bnApril Swiss Unemployment Rate 2.5% 2.6%
No […]