US Redbook index (MoM) declines to -0.4% in September 15

Sep 24, 2013

OECD: Eurozone remains a source of risk

The OECD's chief economist Pier Carlo Padoan said today at a press conference in Lisbon that the Eurozone continues to be "a considerable source of risk" for the global economy. He projected that the area would return to positive growth only in 2014, even though many EU countries were already experiencing a recovery.

Tucker adds to cautious BoE voices. GBP/USD down 4.8 percent

Paul Tucker has followed his Bank of England Monetary Policy Committee colleagues today by stressing that the recovery in the UK economy is not yet strong enough to withstand tightening monetary policy.