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Latest economic news from piagi

Tuesday, May 7, 2013 The Piagi Shoutout
  Piagi reports today as the Former Chancellor of the Exchequer Nigel Lawson called for the U.K. to leave the European Union, saying it is no longer in the country’s economic interest to remain in the bloc. Lawson said he would vote for Britain’s exit in a referendum that may be held in 2017, arguing that the costs of remaining part of the union outweigh the “transitional” costs of...Read More
Friday, May 3, 2013 The Piagi Shoutout
  Piagi reports as the pound was little changed versus the dollar before a report that economists said will show U.K. services industries expanded for a fourth month in April, adding to signs the economic recovery is picking up pace. Sterling was 0.2 percent from its strongest level in more than three months against the euro. A gauge of activity was at 52.4 last month, the same as in...Read More
Thursday, May 2, 2013 The Piagi Shoutout
  Piagi reports today as the Great British Pound rose, approaching an 11-week high versus the dollar, as an industry report showed U.K. construction improved more than economists predicted in April, fueling optimism that the recovery will pick up pace. Sterling gained for a second day against the euro before the European Central Bank announces its interest-rate decision. The U.K....Read More
Thursday, Apr 25, 2013 The Piagi Shoutout
    Britain’s economy grew a more-than-estimated 0.3 percent in the first quarter after contracting 0.3 percent in the previous quarter, the Office for National Statistics said. Japan’s Prime Minister Shinzo Abe said before a central bank review of policy tomorrow that monetary easing has produced good results. ExxonMobil Corp., Amazon.com Inc. and 3M Co. are among more than 50...Read More
Monday, Apr 22, 2013 The Piagi Shoutout
Buying International property: make the most of your currency transactions For individual’s investing in overseas property, recent fluctuations in the exchange rate have highlighted the importance of using a foreign exchange specialist to plan your money transfers in advance. At Piagi we provide you with an overview of how our services can help you with all forms of money transfers for...Read More
Monday, Apr 22, 2013 The Piagi Shoutout
  GBP EUR Market Update Piagi reports today as the Pound to Euro exchange rate shrunk by around -0.4 cents last week as weak UK jobs figures and a credit rating downgrade from Fitch made Sterling less attractive to investors. GBP/EUR commenced the week at around 1.1735, and stuck to that level fairly rigidly last Monday as a sparse economic docket did little to influence the...Read More
Thursday, Apr 18, 2013 The Piagi Shoutout
  Piagi reports as U.K. retail sales fell more than forecast in March as cold weather during the month depressed purchases of clothing and household goods. Sales including fuel fell 0.7 percent from February, when they increased 2.1 percent, the Office for National Statistics said today in London. The median forecast of 23 economists in a News survey was for a 0.6 percent...Read More
Wednesday, Apr 17, 2013 The Piagi Shoutout
Piagi reports today as the pound fell to a one-month low against the euro after a government report showed the U.K. unemployment rate climbed and wage increases slowed, adding to signs the economy is weakening. Sterling dropped versus all except one of its 16 major counterparts as minutes of the Bank of England’s April meeting released today showed Governor Mervyn King pushed for additional...Read More
Tuesday, Apr 16, 2013 The Piagi Shoutout
  Piagi reports as the pound declined toward a three- week low against the euro before a report economists said will show the U.K.’s consumer-price inflation rate stayed above the Bank of England’s 2 percent target last month. Sterling was little changed against the dollar. The annual inflation rate was 2.8 percent in March, unchanged from the previous month, the Office for National...Read More
Monday, Apr 15, 2013 The Piagi Shoutout
  Piagi reports as the Pound to Euro exchange rate slipped by around -0.8 cents last week as Japanese bond-buying boosted investors' appetite for risk. The Euro rallied by a cent, pushing GBP/EUR below 1.1700, last Monday as the Bank of Japan embarked on the first round of its ambitious new stimulus programme. The BoJ propose to pump around $68 billion into the Japanese economy every...Read More