Britain

Top Links Facing Deficit, Britain Unveils Emergency Budget - NYTimes.com Emergency Budget: George Osborne's austerity package haunted by spectre of 1981 | UK news | The Guardian The Usual Fare The Undeserving Unemployed -…

Highlights The US dollar is generally consolidating this week’s losses in quiet and largely uneventful turnover.  The shallowness of dollar bounces warns that the downside correction is not complete.    Given the…

Highlights US dollar was softer vs. the majors, with EUR/USD making a new high for this bounce just above 1.24 (highest since May 28) on relief that Spain bond sale went OK.  We think the current euro rally could go as high as 1.25,…

I am trying to make sense of the revaluation talk that surrounds the Sino-American trade relationship. Here are some thoughts on the issue.  Your comments are appreciated. In the 1920s, the United States was the Alpha Creditor…

PIMCO is out with its secular outlook for the UK. PIMCO Portfolio Manager and EVP Michael Amey comments on growth and inflation and their effect on UK assets in the new normal of deleveraging, greater regulation and de-globalisation. …

Highlights The US dollar is mixed in choppy trading as yesterday’s sharp moves are consolidated.  The shallowness of the euro’s pullback suggests continued position squaring may be taking place.  Some short-term momentum players…

Highlights The post EU/IMF bailout out euphoria continues to wind down and this means that the US dollar and the yen are in solid shape. The euro has eased back to pre-weekend levels, trading closer to the $1.2650 mark by late euro session…

Below is the transcript of Brown's remarks. "We have a parliamentary and not presidential system in this country and as I said on Friday, with no party able to command a parliamentary majority arising from the general election,…

Bubbles are important for the country because there is nothing more dangerous and damaging to an economy than a great asset bubble that breaks. And this is something the Fed never seems to get. … We looked back as far as we could, , 32…

Highlights The US dollar remains firm against the euro as Greek woes continue to weigh on sentiment.  The euro has practically returned to levels seen prior to last weekend’s financial aid package details.  That area,…