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On Wednesday the dollar was broadly lower against its peers, as markets awaited U.S. data on retail sales due later in the trading session. Sterling erased its gains after the Bank of England cut its growth forecast for 2015...
The Bank of England has trimmed its 2015 growth forecast from 2.9% to 2.5%, and for 2016 from 2.9% to 2.6%. Mark Carney, the Bank of England's governor, meanwhile said gradual interest-rate increases will be enough to get inflation back on track as it has been 0% for a second month in March...
Germany's economy expanded only 0.3 percent in the first quarter, below analysts' expectations, with the main reasons for that being slowing exports and strong domestic consumption...
On Wednesday sterling climbed to fresh five-month highs against the U.S. dollar, after data indicated that U.K. unemployment rate dropped to a six-and-a-half year low in April. Sentiment for the greenback remained fragile...
On Wednesday U.K. stocks rose, with shares of brewer SABMiller PLC among the leaders. The British currency rose ahead of monthly jobs data and the Bank of England’s quarterly inflation update...
On Wednesday Asian shares were mostly higher despite another series of downbeat Chinese economic reports, as investors instead hoped for further stimulus from Beijing to prevent a bigger slowdown in the world's second-largest economy...
At the beginning of the week, silver, copper, platinum and palladium all dropped after on Sunday the People's Bank of China cut its interest rates for the third time since November. Efforts by China’s regulator failed to ease traders’ concerns over the country’s slow economic pace...
On Tuesday gold prices surged, as a broadly weaker U.S. dollar fuelled the appeal of the yellow metal, while investors eyed gains in global bond yields...
“Market participants should be able to think right along with policymakers, adjusting their views about the prospects for normalization in response to the incoming data,” said Federal Reserve Bank of New York President William Dudley on Tuesday, noting that the conditions that will determine the...