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Inflation in the UK slowed in March

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Tuesday, 12 April 2011 02:06

Inflation in the UK slowed in March for the first time in eight months, consumer prices rose 4 % from a year earlier after a 4.4 % increase in February. The cost of food fell the most in almost four years due to heavy discounting at supermarkets and food outlets.

UK Retail Sales Fall

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX 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.

Euro trading slightly lower today

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX 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.

Japan nuclear tragedy reaches highest level.

Last Updated on Tuesday, 12 April 2011 10:25 Written by Elena Rajkovic Tuesday, 12 April 2011 10:24

Japan’s nuclear disaster is looking in the level of danger close to the disaster in Chernobyl some 25 years ago, one of the world’s worse nuclear disasters. Danger has sparked to level 7, meaning that it’s hazzardous to the enviroment and health. Since Tokyo afternoon yesterday, 11/04, Japan has been struck by several earthquakes yet again..

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

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX 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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