EUR - USD spread shall continue towards $1.29 by year end and will fall further in Q1 2012 to $1.18, says Ashraf Laidi, ceo at Intermarket Strategy Ltd.
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The British Chamber of Commerce cut its growth forecasts for the UK for this year and next and said the weaker-than-predicted economy means interest rates will have to stay low longer than expected.
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Simon Hayes, chief UK economist at Barclays Capital joined CNBC on Wednesday to discuss the possibility of the Bank of England downgrading the growth forecast after the recent market turmoil.
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Ericsson, the world's biggest mobile network gear maker, posted core profit below expectations on Thursday and said more lower margin business would come through in the rest of the year.
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Yields on South Korean government bonds rose early on Friday, as higher-than-expected inflation and solid exports data stoked expectations of more interest rate hikes this year following the government's upgrade of this* year's inflation forecast.*
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The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts.
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Advice for investors on how to protect their portfolios in a slow market, with Keith Goddard, Capital Advisors and Rick Fier, Conifer Securities.
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