Monthly Archives — "December 2011"
The Pound declined against the Dollar while making gains against the Euro yesterday. The outlook is still negative for the UK with recent economic data disappointing. November Claimant Count came in lower than expected at 3k vs. 16k forecast. The Unemployment Rate stayed at 8.3%. Looking ahead, November Retails Sales forecast at -0.3% vs. 0.6% ...
read more →The Pound declined against the Dollar while making gains against the Euro yesterday. Last week, PM David Cameron split from his mainland neighbors, opting out of a new EU treaty that will build greater fiscal ties within the Union, citing Britain’s best interests and sovereignty for the snub. The abstention has encouraged investors to extend ...
read more →The Pound declined against the Euro while making gains against the Dollar on Friday after a volatile European session. UK PM David Cameron distanced himself from his EU peers as he chose to vote against fiscal consolidation amongst the 27 members of the Union. After the momentous decision, he told reporters, “We wish them well. ...
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