Persistently weak data from the US this week finally caught up with the dollar yesterday, as it fell back against a basket of major currencies. Weak US housing starts, jobless claims and survey data all hit dollar sentiment and saw the currency ...
HIGHLIGHS: Fed Chairman Ben Bernanke will appear before the congressional budget committee amid growing speculation that the Fed may taper its asset purchases * Also out this week in the US, the flash Markit manufacturing PMI for May is expec...
SOME SIGNS OF LIFE IN THE UK ECONOMY: In the past couple of months, the UK has lost its AAA credit rating from both Moody’s and Fitch. The news was not unexpected given the weak performance of the UK economy over the past two years and its pers...
FX & INTEREST RATE OUTLOOK * Weak economic backdrop points to continuing very loose monetary policy everywhere, with further QE on the cards in the UK and Japan * Volaility returns to forex markets with a vengence in 2013 as negative factors ...
SOME POSITIVE TRENDS HAVE EMERGED: Some positive trends emerged in the residential property over the course of 2012. Meanwhile, there are signs that the domestic economy could be bottoming out which should be supportive of the housing market go...
Bank of England WATCH - 3rd May 2013: SPLIT MPC TO REMAIN ON HOLD. At the monthly policy meetings to date this year, the Monetary Policy Council of the Bank of England has left UK interest rates on hold at 0.50% and voted to maintain the size ...
