Are the markets really comparing the chances of an interest rate rise in the Euro zone with the chances of a rise in the UK or US?
So what is Germany's inflation is growing - there are 21 other states to consider (Inc the principalities). Spain has 20% unemployment!
Whilst inflation can be measured in each EU economy and then averaged for and euro zone headline figure, any effects of rate rises cannot be averaged as it is individuals throughout the eurzone that will feel the pinch just to curb the price increase in the biggest economies.
Posted in Daily Market News on May 30 2014
Undoubtedly today’s events will be dominated by the release of the US GDP figures. Consensus forecasts expect annualised growth of 3.5% with any substantial deviation from this figure having the potential to cause USD volatility with other major currencies.VIEW FULL ARTICLE
Posted in Daily Market News on Jan 28 2011 by admin