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Ailing UK economy hits sterling
Fri, 16 May 2008 18:03 BST
The pound dropped to a three-month low against the dollar this week as the gloom surrounding the UK economy deepened
Inflation woes heighten investors' uncertainty
Fri, 16 May 2008 19:04 BST
Inflation concerns were never far from investors' minds this week as oil prices hit a new record and the Bank of England issued an exceptionally gloomy economic forecast
Nordic banks step in to back Iceland
Fri, 16 May 2008 18:20 BST
The central banks of Sweden, Denmark and Norway unveiled a ?1.5bn emergency funding package to support Iceland's troubled currency and stabilise its banking system
German growth helps spur eurozone
Thu, 15 May 2008 20:26 BST
A dramatic German growth spurt powered a reacceleration in eurozone growth at the start of this year, in contrast to the sharp US slowdown
Sales slump sends NZ dollar to 3-month low
Thu, 15 May 2008 16:35 BST
The New Zealand dollar dropped sharply to a four-month low against the dollar on Thursday after a slump in retail sales added to recent evidence that the country's economy was slowing rapidly.
No interest rate cut for two years, Bank warns
Wed, 14 May 2008 21:36 BST
The UK economy is set for a sharper, more prolonged slowdown in growth than the Bank thought likely in February, but the short-term spike in inflation will be much more severe and persistent than anticipated
Insight: Forex in a class of its own
Wed, 14 May 2008 17:08 BST
Beyond just managing risk, thinking more creatively about currencies can create the opportunity for profit, writes Claire Dissaux
View of the day: Icelandic krona
Wed, 14 May 2008 16:26 BST
Improved confidence in Icelandic banks will give little support to the krona, says Ulrich Leuchtmann at Commerzbank
Economic woes begin to hit UK jobs market
Wed, 14 May 2008 10:06 BST
Signs that the credit crunch and stuttering economic growth have begun to hit the jobs market have emerged with official figures showing the number of people claiming jobless benefit has risen for the third month in a row.
CPI surge poses King with fresh dilemma
Wed, 14 May 2008 08:03 BST
Consumer price inflation exceeded all expectations by rising to 3 per cent in April. The news wiped out market expectations of further interest rate cuts this year
BIS warns over forex settlements risk
Tue, 13 May 2008 20:44 BST
More action is needed to reduce foreign exchange settlement risk to avoid a meltdown in the global financial system, the Bank for International Settlements said
Traders bet on euro decline
Mon, 12 May 2008 22:56 BST
Further evidence that the euro might have peaked against the dollar arrived over the weekend as figures from the Chicago Mercantile Exchange showed that speculative investors were net sellers of the single currency for the second week running
UK producer prices rise at record rate
Mon, 12 May 2008 11:05 BST
UK manufacturers' costs and their selling prices rose at the fastest rate on record in April, official data showed, raising doubts over the Bank of England's scope to cut interest rates next month.
FT index confirms slowing housing market
Fri, 9 May 2008 09:30 BST
UK house prices fell by 0.2 per cent in April according to the latest FT/Acadametrics House price index, while the March figure was revised downward to show a 0.2 per cent drop in the first back-to-back reading of falling house prices since April 1995
ECB holds rates at 4%
Thu, 8 May 2008 21:42 BST
Eurozone interest rates have been left unchanged as the region's central bank keeps up its battle against inflation even as the economy slows
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