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Saturday 4 September 2010 |
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UK Economy & Financial Markets There are 7 articles available in this category. Please select the required article from those listed below:
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Sterling Under Pressure
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| The fall in the value of the US dollar has been wide ranging, leading to a rise in the value of sterling to over $1.60 for the first time since early 2000. However, compared with the rise in the euro against the US dollar, sterling has underperformed.
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Bank of England to Follow Fed’s Lead
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| It is a busy week with a host of economic data due for release and a number of key central bank meetings taking place. The Bank of England’s Monetary Policy Committee (MPC) meets on Wednesday and Thursday and the most likely outcome is that rates will remain on hold at 6.00%.
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UK Continues to Prepare for Euro Entry
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| The UK government published its second national changeover plan for the euro last week. The plan outlines the schedule for the UK joining the euro. The entire process is expected to take about 3 years from the point at which a decision is made to call a referendum to the introduction of euro notes and coins. Opposition to the UK joining the euro is very strong with negative public opinion outweighing support for joining the euro by about 30%.
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