UK Retail Sales Fall

Tuesday, 12 April 2011 12:22

UK retail sales dropped by a record in March, placing more pressure on the Bank of England to raise interest rates from a record low. The pound fell against the dollar and the euro off the back of these numbers.

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Euro trading slightly lower today

Tuesday, 12 April 2011 12:09

Euro trading slightly lower today off the back of the market concerns that the ECB rate rise last week will hamper the efforts of Ireland, Portugal and Greece to contain debt, the euro has dropped from a 15 month high against the USD.

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The Bank of Korea ( BOK ) kept its benchmark base rate at 3 %

Tuesday, 12 April 2011 10:05

The Bank of Korea ( BOK ) kept its benchmark base rate at 3 % today in line with expectations, after having raised it in two of the previous three months to fight gains in consumer prices

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China’s government lose control of inflation

Tuesday, 12 April 2011 09:36

China’s decision to keep its currency weak has potentially caused the government to lose control of inflation and risks fuelling wage-price gains as well of course as the ongoing issues with trading partners.

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US markets closed mixed with the S&P 500 lower

Tuesday, 12 April 2011 07:39

US markets closed mixed with the S&P 500 lower as oil related stocks fell on a drop in crude prices after the IMF cut its growth forecasts for the US and Japan.

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