Amid growing signs of a U.K. recovery, one currency strategist says the best way to position for the rebound is to sell the euro against sterling.
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Britain’s economic recovery is off-track, Sir Mervyn King warned on Tuesday night as he defended the Bank of England’s decision to pump money into the economy again by purchasing £75 billion ($118.2 billion) of gilts over the next four months, the FT reports.
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The International Monetary Fund (IMF) warned global economic recovery would be “weak and bumpy” and said the global economic recovery was slowing on Tuesday, as it slashed global economic growth to 4 percent for both 2011 and 2012.
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Insight on whether a falling Greenback could actually strengthen the pace of the recovery, with Martin Feldstein, Harvard University professor/Council of Economic Advisors former chairman, under President Reagan.
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Japan escalated on Friday its warning to markets against testing the yen's upside further, with the finance ministry signaling that Tokyo may not wait for too long with action if the currency keeps climbing.
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Japanese retail sales rose for a second straight month in May compared with the previous month, signaling that consumers are more willing to spend as sentiment gradually recovers from the devastating earthquake in March.*
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Japanese retail sales rose for a second straight month in May compared with the previous month, signaling that consumers are more willing to spend as sentiment gradually recovers from the devastating earthquake in March.*
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As stock investors seem to casually buy and take profits, bond investors appear to be hunkering down for the worst. Market observers can’t remember a time when there was such a divergence between the so-called predictive mechanisms of the two markets.
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What is one to make of recent economic data, particularly in the advanced countries? Is the world economy slowing? If so, should policy do anything about it and, if so, what might the alternatives be? The FT reports.
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A look back at the financial crisis and insight on the legislature put into place to help prevent a similar situation, and discussing the health of Texas' economy, with Richard Fisher, Federal Reserve Bank of Dallas president/CEO,
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The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts.
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The Bank of England (BoE) was warned by the British Chambers of Commerce (BCC) on Monday that raising interest rates before November risked damaging the recovery of the UK economy.
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"We can put our finger on the problems, and they're temporary, I think," says one economist. "Oil prices were a blow. You can see that in the consumer spending numbers in Q1, and prices are coming back down."
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