Monthly Archives — "February 2011"
The Pound declined against the Euro and the Dollar as data showed that the British economy shrank by more than previously expected in the fourth quarter. Markets were taken by surprise in January when the initial reading of 2010 Q4 GDP showed that the UK economy shrunk by 0.5%, and most investors wrote off the ...
read more →The Pound declined against the Euro and the Dollar yesterday on concerns that rising oil prices may derail the country’s nascent economic recovery. The clear divide amongst BoE policymakers has also encouraged investors to pare their bets that the Bank will tighten policy in March. Policymaker David Miles told reporters that officials should not rush ...
read more →The Pound declined against the Euro while making gains against the Dollar as minutes from the BoE’s February meeting showed that the pro-rate hike camp found a new supporter. Policymaker Spencer Dale joined both Andrew Sentance and Martin Weale in voting to tighten policy. Calls to raise rates for the first time since July of ...
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