Forex News and Rumors

EU Central Bank Could Lower Rates

With inflation falling from 3.2 to 2.1 percent for the month of October and growing pressure to help the slumping economy, some analysts predict that the European Central Bank could cut interest rates by up to 1 percent from the current 3.25 percent. More

Pound and Euro Fall Against Dollar

The dollar gained on the pound and the euro this morning as European stock markets opened lower. More

Oil Falls Below $54

As oil prices continue to hover around the $54 mark, the Organization of Petroleum Exporting Countries (OPEC) is set to meet tomorrow in Cairo where some insiders suggest that the cartel will vote to reduce production by one million barrels a day . More

UK House Prices by 10%

House prices in the UK have fallen by an estimated 0 percent from the previous year or roughly £2,500 for the average home. More

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