The key interrelated drivers of today’s action are: 1. The continuing weakness in the UK’s medium-term growth outlook, with a period of sluggish growth which Moody’s now expects will extend into the second half of the decade; 2. The challenges that subdued medium-term growth prospects pose to the government’s fiscal consolidation programme, which will now […]
Moody’s Downgrades UK Debt to AA1 Read More »
The Canadian dollar was at another seven-month low Friday morning amid data showing lower than expected retail sales and tame inflation figures. The loonie was down 0.26 of a cent to 97.90 cents US in early afternoon trading. “The decline in retail volumes adds measurable downside risk to GDP in December, which could post a 0.3 per
Canadian dollar hits 7-month low Read More »
German IFO business climate rises to 107.4 in February from 104.3 in January and vs consensus of 105. Current assessment 110.2 vs 108.1 and 108.5.
Business Climate Improves in Germany Read More »
