
Dollar Retreats Ahead Of Inauguration
The dollar index slid 0.25% lower yesterday as the 45th President exited the [...]
Britain's Funding for Lending scheme failed
Britain's Funding for Lending scheme (FLS), a plan for encouraging the banks to provide more credit to businesses and households, failed to improve the first quarter's lending, as per the latest data.
FLS plan launched four years ago
Approximately four years ago, the Bank of England launched the FLS as part of the British government's activity to stimulate and support the nation's economy.
The FLS outstanding drawings, on aggregate, for the first quarter were upper, compared to last year's 57.3 billion, to 58 billion pounds or $83.72 billion.
Moreover, the British economy's slowdown, that started at the beginning of the year and resumed, was the outcome of uncertainty and June's upcoming referendum.
ECB holds benchmark rate at record lows
The ECB held its benchmark rate at the lowest level, as initially estimated, amid the policy makers monitoring the pressures on the euro, the region's single currency.
The European Central Bank maintained the benchmark interest rate at 0.0%, as well as holding the deposit facility rate stable at -0.4%.
Euro zone’s PPI falls to -0.3%
Euro zone's producer price inflation dropped from 0.3% to -0.3%. The analysts estimated the PPI to appreciate 0.1%.
Read More
Thursday, 02 Jun, 2016 / 1:22
Source : https://www.argusfx.com/en/research-education/market-analysis/news/britain-s-fls-fails-to-convince
Dollar Retreats Ahead Of Inauguration
The dollar index slid 0.25% lower yesterday as the 45th President exited the [...]
Stocks climb, dollar slips as Yellen makes case for more stimulus
Stocks power higher after Yellen calls for more big spending to [...]
Janet Yellen’s Speech Revitalized Risk Appetite – EUR/USD Market Outlook – 20/01/2021
The Euro rises above 1.2130 as expected, after risk-on sentiment weighed on [...]