Non-Eurozone ESCB

Recession to be 'tougher and longer'

Recession in Britain will be tougher and longer than previously thought, the Confederation of British Industry warned today, with the economy expected to contract by 1.7% next year.It also expects unemployment to hit 9% in...

Supermarkets: the new face of banking

Everyone has tanks on everyone else's lawns in the City. The benighted tripartite system of financial oversight involving the Treasury, the Bank and the FSA - invented by Gordon Brown when he was Chancellor - has been exposed...

Small businesses accuse government of failing them

77% of small business owners responding to a recent survey feel that the UK government is failing small businesses. Posted November 17, 2008 8% AER for the first 12 months on balances up to £2,500 with Abbey Latest articles in...

US Dollar Still the Safe Haven of Choice, Fed Meeting Minutes Present Event Risk Next Week

British Pound Continues to Consolidate Below 1.4950-1.5000, Forecast Depends on BOE Minutes, Investor Sentiment - Euro Fails to Break Above Key Trendline Resistance, Shift in Risk Appetite Suggests Weak Open on Sunday -...

The euro weakened against its US and Japanese counterparts

The US dollar gained ground against most of its major counterparts after the release of mixed data. Retail sales showed a record decline, while consumer confidence unexpectedly rose. October retail sales fell 2.8 percent, while...

Dollar Could Show Signs of Weakness in the Coming Weeks!

Another week has started with G20 not providing any more insight to the markets and therefore risk aversion coming back in the first hours of market opening. EUR/USD opened lower last night and continued to slide in early Asian...

Aye aye captain

MAYA FISHER-FRENCH | JOHANNESBURG, SOUTH AFRICA - Zuma is now expected to take the helm with the world economy disintegrating and South Africa being sucked into the vortex. Despite the biggest financial and economic meltdown in...

Most markets have kept in ‘triangle' consolidation patterns within October's large ranges

Overview Most markets have kept in ‘triangle’ consolidation patterns within October’s large ranges. Yen crosses, equity indices and yields dipped to the lower edge of trading bands Thursday but then rallied, obviously not quite...

Enthusiasm for Chinese stimulus package only short-lived

Highlights “Troubled Assets Relief Program”: re-designated Bank of England sees deflationary risks, announces further interest rate cuts Germany and eurozone are in a recession Australian central bank intervenes in forex market...

Soros faces Congress over his role in the financial meltdown

Five of the world’s richest hedge fund managers, including George Soros, the man who the broke the Bank of England, have been called to account by US politicians for their role in the collapse of the global financial system....