August 17th, 2009 07:26:49 GMT

Cable’s slide continues

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Cable’s slide continues., presently at 1.6355. Technical supports now at 1.6345/50, 1.6338 and 1.6300/10. A number of factors are impacting cable negatively today. Among them, general risk appetite is in poor shape (S&P down 13 points); Righmove house price data is … Continue reading

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August 17th, 2009 07:15:35 GMT

City hits back at Treasury in bonus war

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Senior financiers have attacked the Chancellor’s plans to legislate in an attempt to curb City bonuses – arguing that they will damage London’s reputation as a financial centre.

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August 14th, 2009 09:41:47 GMT

UK home repossessions fall -CML

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The number of homes repossessed by lenders in the UK fell to 11,400 in three months to June, compared with 12,700 in the first quarter, according to the Council of Mortgage Lenders. On the year, repossessions are 14% higher.

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August 14th, 2009 06:20:39 GMT

British Land targeted by Asian group

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Foreign consortium considers merits of £10bln-plus offer which could spark a revaluation of the battered UK property sector. Report in The Telegraph.

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August 12th, 2009 08:34:51 GMT

UK July jobless claims +24,900

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UK July jobless claims have come in at +24,900, slightly better than the median forecast of +28,000. The claimant count rate has come in at 4.9%, exactly in line with the median forecast. However, the ILO unemployment rate has edged … Continue reading

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August 11th, 2009 08:41:25 GMT

UK June global goods trade gap £6.451 bln

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UK June global goods trade gap has come in at £6.451 bln, worse than the median forecast of £6.2 bln.  The result comes as the oil balance swung into deficit following summer maintainance work which lowered indigenous production. . The oil … Continue reading

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