UK House Prices Continue to Fall
House prices in England fell a total of 12.2 percent for the year after posting a 1.9 percent drop for the month of November, marking 15 straight months of property value decreases. More
Ruble Hits All-Time Low Against the Euro
The Russian ruble fell to 41.6 rubles per euro and 29.3 rubles per US dollar – this represents an all-time low against the euro and the lowest it has been valued against the dollar since 2005. More
US Jobless Claims Fall
The US Labor Department reported today that the number of claims for unemployment benefits fell by 94,000 to 492,000 for the week ending December 27th. Despite the drop in claims, the number of people receiving unemployment benefits is still at the highest level since 1982. More
More Interest Rate Cuts Expected From Bank of England
With the end of 2008 just around the corner, propsects for the British pound in the new year remain muted. After having suffered its worst year against the euro, analysts see no immediate relief as speculation grows that the Bank of England will be forced to make further interest rate cuts in order to kick-start the badly slumping British economy. More
