Euro falls again ahead of European Central Bank meeting March 5, 2015 The euro fell to a fresh 11-year low against the dollar as markets awaited the outcome of a meeting by the European Central Bank (ECB) in Cyprus which will, they hope, give more clarity on bank boss Mario Draghi's plans for a €60bn-a-month quantitative easing programme. The currency dipped 0.3 per cent to $1.1045 this [...]
Euro edges closer to $1.10 mark as investors await more details on quantitative easing March 4, 2015 The euro edged closer towards the $1.10 psychological barrier in early afternoon trading, falling 0.8 per cent to $1.1086 as investors awaited further details of the European Central Bank's (EBC) €1.2 trillion (£870bn) quantitative easing programme. The currency crashed through its previous 11-year low of $1.1098, which it hit in earlier this year. ECB chief [...]
ECB meeting preview: What traders should expect from it March 2, 2015 Despite a range of economic indicators suggesting that the Eurozone economy has finally begun to turn a corner, markets had an uncertain start to the week. Although the currency bloc’s unemployment rate slipped to 11.2 per cent in January and a flash estimate of inflation came in at a better-than-expected -0.3 per cent in February, [...]
Eurozone consumer price index falls for third month in February March 2, 2015 Consumer prices fell across the Eurozone for the third month running in February, according to a flash estimate. However, the rate inched up on the previous month. Annual consumer price inflation was -0.3 per cent, mildly better than the -0.4 per cent economists had forecast, the European Union's statistics agency said. This follows a fall [...]
Tumbling prices see Greece lead Eurozone into deeper deflation February 24, 2015 Deflation deepened to its most severe rate since 2009 across the euro area in January, with Greece recording the sharpest fall in prices. Annual inflation came in at minus 0.6 per cent across the bloc, according to figures published yesterday, down from 0.2 per cent in December. The rate has been dragged down by lower [...]
ECB minutes show “large majority” in favour of quantitative easing February 19, 2015 The first-ever minutes of a meeting of European Central Bank monetary policymakers has shown that a "large majority" of its governing council supported the introduction of a quantitative easing programme. The 9,000 word document shows its governing council was concerned low oil prices would lead to long-term low inflation. This, in turn, raised the possibility [...]
Sterling hits new seven-year high against Euro following hints of interest rate hike February 18, 2015 The UK’s pound jumped more than one per cent against the euro today to €1.36, reaching its strongest level since January 2008 after the Bank of England hinted it could lower interest rates in the next few months. The seven-year high for sterling against the eurozone currency came after minutes from the Bank [...]
Greece in crisis: Inflation drop the biggest since November 2013 February 17, 2015 Interactive: Inflation rates in every EU economy Greece’s negotiations with the European establishment have collapsed and the country's inflation rate is going in the same direction. It hasn’t just crossed the threshold, it’s been in deflation for a while, but the drop in prices was steeper than expected: a 2.8 per cent reverse year-on-year represents [...]
Interactive: UK inflation hits 0.3 per cent, but how does it compare to other European Union countries? February 17, 2015 UK inflation slowed to 0.3 per cent in January, lower than December’s figure of 0.5 per cent and a good distance below the two per cent target for the Bank of England. More on this story: UK inflation falls to its lowest since records began But the UK is not alone in missing targets: the [...]
German gross domestic product roared ahead of France in 2014 February 13, 2015 German economic growth raced ahead of its counterpart France towards the end of last year, in another sign the euro area is increasingly becoming a "two-speed" region in terms of economic growth. German gross domestic product (GDP) surged 0.7 per cent in the fourth quarter of 2014, having expanded 0.1 per cent previously, its federal [...]