Archive for May 7th, 2008

Bank of England Meeting Preview

May 7, 2008

At 11:00 GMT on Thursday, I expect the Monetary Policy Committee to announce that it is not changing its 5.0% bank rate. A cut of 25 basis points was made a month ago as well as ones of similar size in December and February. Unlike the norm at most central banks, the Bank of England […] More

Currency Markets in the News

ECB Meeting Preview

May 7, 2008

I expect the European Central Bank Governing Council to decide unanimously to retain the interest rate structure that has been in place since a 25-bp increase last June. There were eight increases, all by 25 basis points, between December 2005 and June 2007. A signal of plans to hike rates a ninth time was conveyed […] More

New Overnight Developments Abroad - Daily Update

New Developments Abroad

May 7, 2008

It was a bigger night for Obama than Clinton. Obama won the North Carolina primary by a solid 56-42% margin and moved within 200 delegates of the Democratic Party nomination. Clinton scraped out a razor-thin 51-49% victory in Indiana but did not bow out of the race. The dollar is broadly higher in a continuing […] More