Daily Archives: May 14, 2012

How Long Will GBP/USD Stay Above 1.60?

Posted on May 14, 2012 by

Quite a few interesting data releases are due out this week for the US economy. On Tuesday, Danske expect the retail sales report for April to show only modest gains, reflecting a major drag from the gasoline station component, as … Continue reading →

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Merkel – Germany will welcome Hollande with “open arms”

Posted on May 14, 2012 by

As expected, François Hollande won the second round of the French presidential election with a majority of 51.7% of the votes. Unlike Sarkozy, Hollande’s main focus is not on austerity measures and reforms, but on growth-enhancing programmes. Time will show … Continue reading →

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GBP/EUR Market Rate Hits 1.25

Posted on May 14, 2012 by

In the UK, the Bank of England’s Inflation Report on Wednesday will attract a lot of attention after the Monetary Policy Committee decided to leave the asset purchase target unchanged at GBP325bn and the base rate unchanged at 0.50%, see … Continue reading →

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