Forex News and Rumors

Bank of England Cuts Interest Rates to 1%

As expected, the Bank of England issued its fifth interest rate cut since October reducing the lending rate from 1.5 percent to 1 percent. More

Eurozone to Hold Rates at 2%

While the Bank of England cut lending rates by half a point, the European Central Bank held rates steady at 2 percent but some analysts expect a rate cut next month unless there is a marked improvement in conditions over the next few weeks. More

US Jobless Claims Higher Than Expected

The US Labor Department released its report this morning showing that the number of new jobless claims for last week jumped to 626,000 after adjustments for seasonal employment. This far surpassed the expected 583,000 analysts had predicted. More

UK Home Prices Show Slight Upswing

After falling on average 17 percent over the past twelve months, house prices rose 1.9 percent in January. More

Deutsche Bank Records First Annual Loss

Deutsche Bank announced that it has recorded its first annual loss since being restructured after World War II – the loss amounted to €3.9 billion or $5 billion USD. More

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