Post Tagged with: "Gordon Brown"
Excellent Employment Figures – Not Necessarily Pound Friendly
For a second month in a row, British employment figures were superb – Claimant Count Charge showed that 32,900 got back to work, and also last month’s figure was upgraded. While this is normally good news for the currency, the delicate timing could turn it into a burden. Here’s why. Also yesterday’s inflation figures came
Not The Pound’s Darling
Alistair Darling is not the Pound’s friend. In his budget release, he pounded the Pound like no economic indicator did. Here’s a roundup of the Big Day in Britain: At 8:30 GMT, 6 economic indicators were released: Claimant Count Change, was better than expected, at 73K instead of 118K. This should have lifted the Pound,
G20 Summit – To Spend Or Not To Spend?
The G20 summit is due on Thursday. The US and the UK tend to call for a global stimulus plan while Germany wants to slow down. Will money be spent? Who will spend? And how will the forex market move? Heads of state from the top 20 industrialized nations are getting together in London, on