Forex News and Rumors

UK Debt Surpasses Half of GDP

The Office of National Statistics (ONS) said today that government debt in the UK rose to £750.3bn ($1.06 trillioin USD) in 2008 – this is more than the country’s Gross Domestic Product. More

Analysts Look for Euro to Continue Dominance Over Dollar

Techncial analysts with BNP Paribas SA say their charts suggest that the euro will continue to gain on the dollar through to mid-March with the support price projected to be $1.3065. More

France Sets Conditions for G20 Participation

President Nicolas Sarkozy has vowed to refuse to sign any agreement arising from the G20 summit that does not include stricter financial regulations that impose even more oversight than those currently being proposed by the US and the UK. More

LSE Up 2.5% as World Markets Rally

After Monday’s losses, markets in Asia and Europe are on the rise with the London Stock Exchange leading the way gaining 2.5 percent by mid-day trading. More

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