(eToro Blog) Late last year, the U.K. government exercised their veto rights and challenged a proposal that requires tighter fiscal integration among the E.U.’s member states unless specific safeguards were provided for the U.K.’s financial sector. Of course, the E.U. policy makers worked around that. The news then gave the Pound Sterling a solid initial [...]
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OpenBook Traders Notch up Gains as U.K.’s Outlook Set to Improve
(eToro Blog) Following the recent optimistic forecasts by private sector economists, the U.K.’s Office for Budget Responsibility (OBR) is expected to raise their economic growth forecast for the United Kingdom. The report will be published tomorrow by the OBR, but an unnamed source for the U.K.’s Treasury department said that officials there are relieved that [...]
U.K. Jobless Claims Higher – Does that Merit a Rethink on Austerity?
(eToro Blog) The unemployment situation in the U.K. continues to remain in the doldrums according to the Office of National Statistics, which released its February report earlie. The Claimant Count Change, which represents the numbers of unemployed in the U.K., was unexpectedly higher at 7.2K; analysts had forecast a 6.0K rise in February from January’s [...]
