EGB is defunct.
Jan. 25, 2011, 6:31 AMThe U.K.'s economy unexpectedly shrunk in Q4, as inclement weather took a heavy toll on the construction and services sectors. GDP pulled back 0.5% Q/Q, the first fall in GDP since Q3 2009. Economists had expected a 0.4% increase on a quarterly basis. GBP -1.3% vs. USD. | Jan. 25, 2011, 6:31 AM | Comment!
Nov. 16, 2010, 8:20 AMU.K. inflation unexpectedly rose to 3.2% in October, prompting BoE's King to write his fourth letter this year explaining why inflation is so high. King says the bank is ready to adjust policy in either direction to "ensure that the risks to the outlook in the medium-term remain evenly balanced around the 2% target." | Nov. 16, 2010, 8:20 AM | 1 Comment
Nov. 10, 2010, 8:58 AM"The U.K. recovery is expected to continue, supported by expansionary monetary policy, further growth in global demand and the past depreciation of sterling," says the BoE in its inflation report. It's 50-50 whether inflation will come in over or under the 2% target. | Nov. 10, 2010, 8:58 AM | Comment!
Nov. 4, 2010, 8:02 AM
Oct. 26, 2010, 7:28 AMS&P affirms the U.K.'s AAA credit rating and revises its outlook to stable from negative, reflecting "our view of the country's wealthy and diversified economy, fiscal and monetary policy flexibility, and relatively adaptable product and labor markets." GBP +1% vs. USD. (also: U.K. GDP growth) | Oct. 26, 2010, 7:28 AM | Comment!
Oct. 26, 2010, 7:20 AMBritain's GDP grew 0.8% in Q3, twice as fast as economists had expected, on the back of a sustained recovery in services and construction. The data will put pressure on BoE to delay additional bond purchases, though a slowdown is still expected over the next two quarters as fiscal tightening takes effect. | Oct. 26, 2010, 7:20 AM | 1 Comment
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