UK Interest Rates May Reach 315-year low

The Uk may reach a decision to lower its interest rates to the lowest in the Bank of England's 315 year history today. The move would be designed to stimulate the economy and avoid deflation." The Bank of England is expected to cut interest rates to the lowest level in its...

Brown will force UK banks to pass on full rate cut

After the Bank of England's historic rate cut this week, banks have remained hesitant to pass on the rate cut to loan receivers. Many analysts are saying the current money market situation means it is impossible for the banks to match the base rate. But Gordon Brown is...

What Was Edited Out Of The Bank Of England’s Minutes Of The Meeting This Mo...

Picture the scene… Posh surroundings, The Bank of England boardroom, Mr King is sitting there and in walks the Monetary Policy Committee members, they sit down and Mervyn breaks the silence, 'Right where do we start?' To which the entire MPC team cries out, 'Well we cut...

Gordon Brown to meet Wall Street bosses on Credit Crisis

Prime Minister Gordon Brown is to meet with Wall Street bank bosses in an attempt to stop Britain from plunging into recession as a result of the Credit Crunch. Having already spoken to insiders from UK banks, Gordon Brown is looking to global financial markets for ideas to...

UK Interest rates held at 5.25pc on inflation fears

The decision, which follows a quarter percentage point cut by the Monetary Policy Committee last month, will come as a blow to homeowners struggling with higher mortgage payments and businesses dependent on consumer spending.

Soros: Britain cannot escape US recession

· UK vulnerable to reliance on financial services · OECD head pushes for Bank of England rate cut Published: The Guardian, Thursday January 24 2008By: Ashley Seager and Larry Elliott in Davos""Speaking at the World Economic Forum in the Swiss resort of Davos as...

1666 The Creation Of The World

The Great Fire of London occurred September 2, 1666, it was the 9/11 of its day. It's impact was not unlike that of 9/11. Who had done the dastardly deed? Why had it occcured? Speculation and conspiracy theories abounded. Just as have followed in the wake of 9/11.

NZD/USD finally breaks out of triangle

The US producer price index (PPI) for finished goods fell by 1.3% in September, the largest since prices fell 1.4% in April 2003, and versus an expected 0.7% decline. TICS came in at a record US$116.8 billion, almost doubling the consensus estimate, but that did not grab...