RECESSION OVER BUT NO END IN SIGHT TO LOW RATES: The Bank of England left UK interest rates on hold at 0.50% at its January meeting, while voting unanimously to continue with its quantitative easing (QE) programme as announced last November. Thi...
The euro has started the week on the back foot versus the US dollar as it continues to be weighed down by growing concerns about the eurozone’s fiscal problems, despite the weekend’s reassurances from the weekend’s G7 meeting about support for r...
HIGHLIGHTS FOR THE WEEK AHEAD 8 – 12 February: The highlight of the week in US will be January’s retail sales data, which are due on Thursday. Headline sales are forecast to rise 0.3% (core sales are projected to rise by 0.4%), which should go ...
US ECONOMY WILL SLOW DOWN IN H2 2010: The US recession which began at the end of 2007 finally ended in Q3 2009, when the economy expanded by 2.2% annualised. GDP data for Q4 released on Friday showed that growth picked up to 5.7% annualised in...
Dollar consolidates New Year gains…..* Euro slips on eurozone debt concerns and dovish ECB….* Sterling benefits from euro sell-off….*Yen falls back versus USD but still sees safe haven support….
New Year Roundup - The start of a new year is a good time to have a brief look at the state of play in the Irish housing market. Construction activity undoubtedly remains very weak…..
ECB RATES TO REMAIN VERY LOW: At its policy meeting today, the European Central Bank again left its refi rate unchanged at 1% for the ninth month running. It also continued to give the strong impression that rates will not be increased anytime soon.....
