Global Time   New York 4:49 am  London 9:49 am  Zurich 10:49 am  Dubai 12:49 pm  Shanghai 4:49 pm  Tokyo 5:49 pm  
Global Interest Rates
Australia 7.25%
Canada 3.5%
EMU 4%
Japan 0.5%
Swiss 2.75%
England 5%
US 2.25%
Forex News
Subscribe Now
Advertisements

Technicals

UK M4 money supply grows above expectations in June

Font Scale:
18 July 2008 @ 03:45 am EST
  • Print
  • E-Mail

FXstreet.com (Barcelona) - M4 money supply has increased in June well above expectations in the UK, and above the average flow of the previous six months, according to preliminary estimates by the Bank of England.

In June, M4 money supply has risen by GBP 34.1 billion, a 2.0% increase above May's level and a 11.5% rise year on year: Market analysts had advanced a 0.5% monthly increase, and a 10% rise year on year. June's level is well below the GBP 13.6 billion average increase in the last six months.

M4 lending rose by 45.9 billion, which means a 2.1% seasonally adjusted. Year on year, M4 lending rose 13.6%, from a 11.3% increase in may. Excluding the effects of securitisations etc and loan transfers, M4 rose by GBP 50.0 billion; a 14.2% increase on the year, up from the 12.4% annual rise posted in May.

Currencies
arr_blue
09/07/2008
Last
Change
%change
Time
advertisement

Daily currency analysis - Sep 6

The Euro wasgenerally firmer in European trading ahead of the ECB interest rate decision,but was unable to hold above 1.45 against the US currency.The... ibt_fx_center

Trichet Expected to Remain Hawkish as Traders Await ECB Rate Decision

The EUR USD closed lower in New York but a late session short-covering rally helped the market regain much of its earlier loss. Traders attributed the... nythomas1

Rpchost.com - Free Forex strategies and video training

Every period of time I will post new forex strategy in this forum, you can test it and use it in your forex trading. Today's strategy is : Bollinger... rpchost

Advertisement
Traditional Men’s Clothing

Since 1898 we’ve outfitted the worlds best dressed men. Woven silk ties, custom tailored shirts & more.

Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives