Articles tagged with: consumer confidence
Behind the Scenes »
Euro declined from yesterday’s high at 1.3625 finding support at 1.3450 along with a decline in the Euro-Zone’s consumer confidence, as forecast, to -17 in February from -16 in January. This is the first step backwards for the indicator which had been on an upwards climb since March 2009’s low of -34.
Behind the Scenes, Forecast & Analysis »
Bank of England Governor Mervyn King said Tuesday that the British economy will likely return to growth in the second half of this year, but warned that gains would be modest and that the path to a sustained recovery is far from clear.
Behind the Scenes, Forecast & Analysis »
Most economists and analysts believe that Bank of England will hold the interest rate at its all-time low level of 0.5%. They also expect no change in the £175bn limit on new money pumped into the economy through the quantitative easing program.
Forecast & Analysis »
The dollar reached a two-week high versus the euro after an unexpected drop in U.S. consumer confidence this month. The U.S. consumer is the prominent component of the global recovery.
Behind the Scenes, Forecast & Analysis »
Hesitation is taking place in financial markets on another calm day; supported by two fundamentals, which are to be released later on this week, with the Bank of England’s Minutes scheduled to be released tomorrow, along with the FOMC monthly decision. The minutes will justify tomorrow; why the bank decided to hold rates at 0.50%, the lowest since the banks establishment, along to holding on the 175 billion pounds quantitative easing strategy.
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