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Pound Falls Even as Inflation Rates Beat Economists’ Forecasts

Tuesday, July 19th, 2016

The pound fell even as a report showed the UK’s annual inflation rate rose more in June than economists forecast.

Sterling weakened versus most of its 16 major peers. UK consumer prices climbed 0.5 per cent last month from a year earlier, the Office for National Statistics said in London. Analysts had expected the rate to rise to 0.4 per cent, from 0.3 per cent in May, according to the median estimate in a survey by news agency Bloomberg. The Bank of England’s 2 per cent inflation target was last reached in December 2013.

The Bank of England signalled last week it is readying stimulus for August as the economy reels from Britain’s decision to quit the European Union. Minutes of the BOE’s July meeting showed most members of the Monetary Policy Committee expect policy to be loosened next month.


Forex Broker GFC Markets change name to

Monday, November 8th, 2010

A few days ago, the popular forex broker GFC Markets announched they are changing name to to better reflect their business and offerings., a fast growing online forex broker

GFC Markets, or as they are called now days, has been growing quickly the last year.

One of the reasons is that you can start online forex trading from just $50, so many new traders find it convenient to not risk so much.

The fact that you can trade both stock indices, commodities and currencies in the same account is another reason making it popular. (more…)