Britain
Bank of England Preview: No Changes This Time
January 6, 2010
British monetary policy is on hold until at least February and possibly beyond midyear. The last base rate cut occurred in March 2009 and culminated 450 basis points of reduction from 5.0% to 0.5% squeezed into five months. Additional easing since then has been engineered via quantitative purchases of assets, mostly gilts, that will reach […] More
Dollar Reversal Gaining Momentum
December 15, 2009
The dollar has risen 1.1% against the Australian dollar, 0.8% versus the Swiss franc, 0.7% relative to the euro and kiwi, 0.5% against sterling and 0.4% against the Canadian dollar. USD/JPY slid 0.2%. Investors are scrambling to unload short dollar positions, believing the U.S. will grow faster than thought previously and fearful about the Greek […] More
