Pound Falls on Week Consumer Confidence
A report yesterday shows that consumer confidence in the UK has dropped to a 12-year low and fueling further speculation that the Bank of England could lower interest rates at a scheduled meeting tomorrow. More
European Markets Give Up Gains
European markets were down in morning trading in anticipation of a rough day on Wall Street as investors wait for an interest rate decision by the Federal Reserve and Friday’s Non-Farm Payroll Employment report.
Canadian Dollar Drops on Weaker Stocks and Political Questions
Weaker commodities and growing political turmoil that could see the recently-elected Conservative party defeated by a coalition government early next week, led Canada’s loonie to a 0.9 percent loss against the US dollar. More
US Auto Maker Plan Includes Sell-Offs and Employee Reductions
The three US auto makers revealed their plans to Congress yesterday in a bid to secure emergency financing. The plans included significant employee reductions, changes to benefits, and the selling-off of entire product divisions. More
