BoE reluctant to raise interest rates as unemployment falls

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Source: Bloomberg
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The Bank of England does not want to jump to a conclusion regarding the interest rates rise since unemployment declines to 7.1% that is a significant advance for now. Today's data showed that the employment rate dropped to 7.1% within the three months, that in its turn boosted the Pound to strengthen more than 5%, making the British currency the best gainer among of the major peers.

 

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Wed, 22 Jan 2014 15:35:04 GMT

Gold adds after hitting 3-week low as demand strengthens

Gold added after the biggest drop in three weeks due to investors' evaluation of signs of improvement in demand against the monetary stimulus reduction outlook in U.S. The futures of gold for immediate delivery advanced $1,241.48 at 9:23 a.m. in Singapore. Prices slipped 1.1% yesterday, the lowest since December 30. Gold's enhancement of 12-year is ended, since the Fed decided to reduce its unprecedented monetary

Wed, 22 Jan 2014 12:16:04 GMT

Swiss economic expectations surprisingly decline

Economic expectations in Switzerland unexpectedly decreased in January after reaching the largest level in almost four years in December. The indicator from the Centre of European Economic Research posted a 3 points drop to 36.4 points in January. Meanwhile, analysts predicted the index to surge to 44 points. The indicator predicts the economic development for next ix months.

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