Last week’s meeting minutes from the MPC revealed that there’s one more member, Martin Weale, that is supportive of a rate hike. Weale joined Sentance that has voted for a hike for quite a long time.
But Weale’s vote came before the horrible GDP figure which showed that the British economy squeezed by 0.5% in Q4, totally different from the expectations for further growth.
Read the rest of the article Martin Weale Less Supportive of Rate Hike
Following the shocking news about British economy squeezing in Q4, here’s some advice on what needs to be done in Britain, and what this means for the British pound. Guest post by Bob Nielsen On 19 Jan 11 Yohay posted a brief comment from me titled ‘The Long Trend for GB‘, on the relevance of the
After a roller coaster year for Euro/Dollar, 2011 promises to be no less dramatic. The main factors moving the currencies are far from being resolved, and the actions that policymakers and market makers will take are unknown. Full year predictions in forex are from being an exact science, but there’s a general direction
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In the weekly interview on Forex TV, I spoke with Julie Sinha about the possible turning point for the US dollar, the dillema that British policymakers face in the interesting rate decision, the busy week in Australia, and the Non-Farm Payrolls of course. Enjoy