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Banking sectors in US and UK sending mixed messages at end of quarter
 

Banking sectors in US and UK sending mixed messages at end of quarter

Ever since the recent downturn began in 2007, the banking sector, one of those worst affected, has struggled to see its fortunes return to normal following a collapse in profit levels. Anxiety still pervades despite the downturn officially [...]
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Chris Sutton Caught Out Losing £50000 In Forex Currency ‘Scam’
 

Chris Sutton Caught Out Losing £50000 In Forex Currency ‘Scam’

Former Premier League footballer Chris Sutton, who was famously part of the Blackburn Rovers team that won the league in 1994, invested £50,000 into a spread betting foreign currency scheme which prosecutors have branded a ‘scam’. The news that [...]
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Retail Sales Higher Than Expected
 

Retail Sales Higher Than Expected

After avoiding recession for the third time in only five years, the UK economy is finally expected to begin a more consistent recovery. A rebound will be dependent on the retail sector’s performance; the retail sector has long been an indicator [...]
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US dollar falls on home sales but remains up for the week
 

US dollar falls on home sales but remains up for the week

The dollar fell today against the euro and most other major currencies as an underlying weakness in the US economy was exposed. The final session of the week saw the release of the new home sales for the month of July, which had fallen by the [...]
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Latest Forex News: USDJPY Resumes Upward Move
 

Latest Forex News: USDJPY Resumes Upward Move

After some profit taking last week, the uptrend in the USDJPY which has been visible since late 2012 has resumed, prompted by the latest news out of Japan announcing that the Chairman of the Bank of Japan Masaaki Shirakawa is to step down on [...]
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Ukrainian Debt Still Not Financed
 

Ukrainian Debt Still Not Financed

During early trading on Friday, the Japanese yen rose against the United States dollar. Despite having sharp drops over the last two weeks, it managed to retrace some of its losses. The greenback lost 0.3 percent versus the yen to a level of [...]
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European Markets
 

European Markets

European markets dropped during the day of trading. The FTSEurofirst 300 index dropped one percent to reach 1,088.43 points. On Tuesday, the index had boasted of gains of 0.4 percent. The French CAC-40 dropped while the British FTSE 100 and [...]
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