British Labour Government Faces Mission Impossible
May 14, 2008
Although U.K. parliamentary elections are not required until the middle of 2010, Prime Minister Brown’s chances of retaining power look hopeless. His party just suffered its worst beating in local elections in 40 years, and his voter approval rating has collapsed since he took over from Tony Blair about a year ago. Little is going […] More
New Overnight Developments Abroad - Daily Update
New Developments Abroad
May 14, 2008
The dollar registered broad gains overnight except against the C-dollar. It rose 0.9% against the Aussie dollar after a soft Australian labor cost report and gained 0.5% against the kiwi and Swissy. It also rose 0.4% relative to the yen and by 0.3% against sterling and the euro. Bond yields are sharply higher. 10-year JGB […] More
