hole

Ministers are set to be told this autumn that a £12 billion ($18.8 billion) black hole has opened in the public finances, in a forecast that threatens to derail the coalition’s deficit reduction strategy and prolong austerity well into the next parliament, reported the FT. more...

Fed Chairman Ben Bernanke has spoken, and now it's European Central Bank President Jean-Claude Trichet's turn. Here's how to trade the central banker-speak. more...

Growth-linked currencies such as the Australian, New Zealand and Canadian dollars could see fresh selling if Federal Reserve Chairman Ben Bernanke disappoints investors banking on more monetary stimulus to support the slowing U.S. economy. more...