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Mixed Economic Messages - November 16, 2014

Mixed Economic Messages - November 16, 2014

5 Years ago | November 16, 2014 00:00:00


Bank of England Sends a Dovish Signal
Ove the past few years, the U.K. has been economy that had been the furthest along on the recovery path. Six moths ago there had been chatter that the Bank of England was the central bank most likely to hike its interest rate first. If not in November the talk was that for sure rates were headed higher in 1Q15. Recent data have shown the economy slowing down, and this week, the latest quarterly Inflation Report suggested that market interest rates would not be hiked until the end of 2015 or maybe not until 2016. in response to these shifting economic winds, the GBP has lost significant ground vs. the EUR, USD and other major currencies.

Eurozone has Not Turned a Corner

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