The answer depends on where the widely expected cuts actually appear. If the UK is left as a less 'investible' territory because, for example, corporation tax has been increased and/or corporate tax breaks have been abolished then GBP will fall against USD and probably also against EUR (although to a...VIEW FULL ARTICLE
Yesterday's OBR report provided some surprise, as although the growth figures were cut as expected, although even then only to 2.6% (still on the optimistic side), the borrowing figures were also cut, which is good news for finances and for the UK's sovereign rating.VIEW FULL ARTICLE
The first England match on Saturday showed how early optimism can be stopped in its tracks at the first reality check, and today's report from the Office of Budget Responsibility (OBR) is also likely to provide a reality check to the Government's previously wildly optimistic growth figures.VIEW FULL ARTICLE
There was a mild thawing of the general mood of risk aversion yesterday, which has given stock markets in the US and Asia a boost, along with the commodities markets and the Australian dollar. The thawing was started by some supportive words of Bernanke's who has discounted the idea of...VIEW FULL ARTICLE
There aren't many economists, or traders, who are confidently sure that the global economy is out of the crisis, and the fears of a double dip recession are still haunting the markets. The risk aversion has kept the dollar supported, particularly against the Australian dollar which has fallen to 0.82,...VIEW FULL ARTICLE
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