Archive for May 14th, 2008

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