Visit http://www.internationalfx.com for more rss feeds. http://www.internationalfx.com/CoreCode/rss/rssdisplay.aspx?pageid=3869 en-gb Copyright http://www.internationalfx.com, 2010 Tue, 07 Sep 2010 02:25:30 GMT http://backend.userland.com/rss RSS.NET: http://www.rssdotnet.com/ 15 George Osborne will have to frame his Budget next week against the backdrop of significantly weaker economic forecasts, making the process of deficit reduction all the more difficult. The new and independent Office for Budget Responsibility on Monday cut the forecast for growth in 2011 and in subsequent years as it assessed the previous... http://www.internationalfx.com/News/OBR-slashes-growth-forecast http://www.internationalfx.com:80/News/OBR-slashes-growth-forecast Mon, 14 Jun 2010 11:44:22 GMT More aggressive, still ambitious The Chancellor made his intentions very clear early into his speech by declaring the fiscal mandate to be the removal of the cyclically-adjusted current budget deficit by the end of the Parliament (2014/15). Relative to the figures contained in the forecasts released by the Office for Budget Responsibility... http://www.internationalfx.com/News/UK-emergency-budget http://www.internationalfx.com:80/News/UK-emergency-budget Tue, 22 Jun 2010 17:26:07 GMT Fears that the US economy is weakening and may drag the rest of the world into a double dip recession resulted in a shocking week for global equities, which plummeted on a slew of bad news. The FTSE 100 closed at 4,838, a drop of 4.1% on the week, while the US Dow Jones fell 4.5% on the week to close at 9,686. The US unemployment rate in... http://www.internationalfx.com/News/A-change-in-emphasis-for-USD http://www.internationalfx.com:80/News/A-change-in-emphasis-for-USD Mon, 05 Jul 2010 09:16:33 GMT LONDON July 5 (Reuters) - Sterling hovered near a two-month high against a broadly weak dollar on Monday, supported by the view that the possibility of deeper-than-expected UK spending cuts will help to reduce the country's budget deficit. The pound was also supported against the dollar after a tepid reading of U.S. employment late last... http://www.internationalfx.com/News/Sterling-supported-on-UK-fiscal-consolidation-view http://www.internationalfx.com:80/News/Sterling-supported-on-UK-fiscal-consolidation-view Mon, 05 Jul 2010 09:19:13 GMT The risk of a slowdown in the global economic recovery has risen sharply, but governments should continue planning to tighten fiscal policy, the International Monetary Fund has said. Updates to the IMF's regular world economic outlook and assessment of global financial conditions, released on Thursday, said jitters in financial markets in... http://www.internationalfx.com/News/IMF-warns-on-global-recovery http://www.internationalfx.com:80/News/IMF-warns-on-global-recovery Thu, 08 Jul 2010 09:38:40 GMT Last Friday saw upside surprises in both UK and German economic data. The preliminary estimate of UK GDP in Q2 showed a gain of 1.1% quarter on quarter, nearly double the 0.6% gain expected and up from 0.3% in Q1. This shockingly good number should, however, be treated cautiously as a good portion of the gain (0.4 percentage points of the 1.1%... http://www.internationalfx.com/News/Upbeat-GDP-data-boosts-the-pound http://www.internationalfx.com:80/News/Upbeat-GDP-data-boosts-the-pound Mon, 26 Jul 2010 09:01:19 GMT Sterling surged to a six-month high of $1.59 against the dollar in London yesterday, a rise of 2.36 cents, as investors bet growth in the UK would outpace that in the US which many economists fear is only months from slipping back into recession. The pound, which also climbed to its strongest in nearly a month against the euro, was boosted... http://www.internationalfx.com/News/Sterling-surges-on-growth-hopes http://www.internationalfx.com:80/News/Sterling-surges-on-growth-hopes Tue, 03 Aug 2010 09:18:12 GMT Inflation fell to 3.1 per cent in July but remained more than one percentage point above the Bank of England's target, forcing Mervyn King, the bank's governor, to write to George Osborne, chancellor, for the second time to explain why inflation is so high. Annual consumer price inflation declined in line with expectations from 3.2 per... http://www.internationalfx.com/News/Inflation-rate-falls-to-31-in-July http://www.internationalfx.com:80/News/Inflation-rate-falls-to-31-in-July Thu, 19 Aug 2010 18:42:43 GMT The markets have reverted to the risk on/risk off mindset which prevailed for much of H1 2010. To recap, the thinking is that the worse the news for the US economy, the less appetite for risk international investors have and in response they look for a safe haven. This means they end up selling global equities and buying US bonds and the... http://www.internationalfx.com/News/The-FX-Paradox http://www.internationalfx.com:80/News/The-FX-Paradox Mon, 23 Aug 2010 09:16:22 GMT The US dollar has strengthened over the past 24 hours as risk aversion continues to be the focus of trading on the markets. GBP/USD moved lower to breach its 200 day moving average at $1.5470 and continued to tumble overnight, trading around $1.5385 early this morning. EUR/USD has also exhibited a weak tone and has moved lower as the... http://www.internationalfx.com/News/A-big-drop-in-Cable-GBPUSD http://www.internationalfx.com:80/News/A-big-drop-in-Cable-GBPUSD Tue, 24 Aug 2010 09:41:08 GMT FOREX traders diligently looking at the cable chart in recent weeks might be rather gloomy about the outlook for the pound. Yesterday it broke below a key level against the dollar, which suggests there could be further weakness to come. That level was $1.5490, the 200-day moving average, which indicates that sterling has lost its... http://www.internationalfx.com/News/The-pounds-rally-stalls http://www.internationalfx.com:80/News/The-pounds-rally-stalls Wed, 25 Aug 2010 12:07:24 GMT Friday saw yet more weak UK data after the British service sector reported its slowest growth since April 2009, the actual figure came in at 51.3 against expectations of 52.8 and lower then the last reported figure of 53.1. Although the figure is still above 50 which shows growth overall, it does highlightconcern the UK economy may slip back... http://www.internationalfx.com/News/IFX-Market-Commentary http://www.internationalfx.com:80/News/IFX-Market-Commentary Mon, 06 Sep 2010 10:00:14 GMT