PhoneInternational money transfer service
Transfermate
News
08 Jun 2011: Euro area GDP up by 0.8%
GBP/USD: Euro area GDP up by 0.8%
GDP increased by 0.8% in both the euro area and the EU27 during the first quarter of 2011, compared with the previous quarter, according to second estimates released by Eurostat, the statistical office of the European Union. In the fourth quarter of 2010, growth rates were +0.3% in the euro area and +0.2% in the EU27. Compared with the first quarter of 2010, seasonally adjusted GDP increased by 2.5 % in both the euro area and the EU27, after +1.9% and +2.1% respectively in the previous quarter.
GBP/EUR: Quantitative Easing 3
The US Dollar continued to be put under pressure yesterday. The Greenback was still suffering from poor Non-Farm Payroll figures last Friday. The US Federal Reserve will meet next week to discuss the possibility of increasing the levels of Quantitative Easing in the short term. This extra stimulus (QE3) may be opposed because of the lack of success that QE2 achieved. The day ahead will see the release of the US Federal Reserve’s Beige Book. This gives a good measure of economic growth throughout the United States
GDP increased by 0.8% in both the euro area and the EU27 during the first quarter of 2011, compared with the previous quarter, according to second estimates released by Eurostat, the statistical office of the European Union. In the fourth quarter of 2010, growth rates were +0.3% in the euro area and +0.2% in the EU27. Compared with the first quarter of 2010, seasonally adjusted GDP increased by 2.5 % in both the euro area and the EU27, after +1.9% and +2.1% respectively in the previous quarter.
GBP/EUR: Quantitative Easing 3
The US Dollar continued to be put under pressure yesterday. The Greenback was still suffering from poor Non-Farm Payroll figures last Friday. The US Federal Reserve will meet next week to discuss the possibility of increasing the levels of Quantitative Easing in the short term. This extra stimulus (QE3) may be opposed because of the lack of success that QE2 achieved. The day ahead will see the release of the US Federal Reserve’s Beige Book. This gives a good measure of economic growth throughout the United States