Forex updates 16th March 2011
As new problems arise in the world with Japan and MENA, economic uncertainty takes a spiral and consumer confidence is taking a hit.
European policy makers feel the pressure – primarily in the UK as the market was priced at 25bp tightening in May and has now shifted in another direction towards August.
In the meantime ECB’s (European Central Bank) intense signals for an interest rate increase in April are being inquired. Central Bankers are being pushed into calibating policy that impacts on the economy with long time-lags.
On a wider scale the catastrophic nature of events happening are not taking a big hit on world economics but have affected some changes in elevated oil prices.
