U.K. economy will grow faster than expected, OECD says

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Source: WBP Online
Britain's economic expansion May's forecast revised up from 0.8% to 1.4% expected in November, while for the upcoming year the economy is estimated to grow by 2.4%, the OECD said on Tuesday. The Bank of England also increased its Q4 forecast to 0.9% growth and 2013 yearly based rate to 1.6% increase. At the same time the french organization lowered it forecast for global growth almost half percentage point to 2.7% in 2013 and 3.6% in next year.
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Tue, 19 Nov 2013 16:15:05 GMT

Euro slightly changed versus U.S. Dollar after OECD data

European currency depreciated 0.04% to 1.3499, after closing at 1.3504 on Monday, as investors where concerned about OECD revised global growth forecasts, which were downgraded almost half a percentage point to 2.7% for this year and 3.1% for 2014, while the Eurozone economy is expected to rise by 1% next year, compared to a May's estimate of 1.1%, the Paris-based

Tue, 19 Nov 2013 14:00:03 GMT

Aussie gains on weaker greenback before Fed minutes

The Australian Dollar advanced 0.22% versus the U.S. counterpart, trading at $0.9397 at 6:59 am GMT time, the strongest level since November 8, ahead of tomorrow's Fed meeting minutes, which will clarify whether the central bank will continue its assets purchase programme or reduce it sooner than expected on U.S. economic outlook. Nevertheless the RBA said that the Australian Dollar

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