Jane's Feed
Mar 26, 2010
via The Great Debate UK

What’s next in EMU after Greece deal?

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-Jane Foley is research director at Forex.com. The opinions expressed are her own.-

The European Union has finally agreed that an Economic and Monetary Union member country in serious fiscal difficulties will be able to receive bi-lateral assistance from its Eurozone partners as well as draw support from the International Monetary Fund.

Mar 19, 2010
via The Great Debate UK

Better public finance data may be sterling Trojan horse

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- Jane Foley is research director at Forex.com. The opinions expressed are her own.-

Finally UK monthly public finance data has brought better than expected news.  Not only was the net borrowing figure for February  better than expected but the January data was revised lower from 4.3 billion pounds to just 43 million pounds, taking the total for the fiscal year to date 131.9 billion pounds.

Mar 12, 2010
via The Great Debate UK

The Greek story is not over yet

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- Jane Foley is research director at Forex.com. The opinions expressed are her own.-

By rushing extra austerity measures through parliament last week and finding very good support for its bond sale Greece last week pulled its way clear of the edge of the abyss.  This is not the end of the story, however, but rather just another chapter in the fledging system which is European Monetary Union.

Mar 5, 2010
via The Great Debate UK

Cable: parity is still a long way off but $1.40 beckons

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Since 1982, cable has been contained by the 1985 low of GBP/USD1.0790 and the 2007 high of USD2.0798.  The bulk of this time cable has remained within a narrower 1.40 to 1.80 trading range.

These statistics illustrate how significant it would be if the pound were to slip to parity with the dollar this year.  They have not, however, stopped some commentators speculating about such an event.

Feb 26, 2010
via The Great Debate UK

Japanese fiscal management dragged into the spotlight

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-Jane Foley is research director at Forex.com. The opinions expressed are her own.-

Perhaps the oddest side-effect of the  Greece debt crisis has been its ability to drag Japan’s budget into the spotlight.

Feb 22, 2010
via The Great Debate UK

Double dip or debt crisis for the UK? Sterling heads lower

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-Jane Foley is research director at Forex.com. The opinions expressed are her own.-

The UK may have clawed its way out of technical recession, but over the course of last week data releases highlighted a sharp drop in retail sales and a surge in the claimant count, a spike higher in the inflation rate and record public sector borrowing.

Feb 12, 2010
via The Great Debate UK

Fiscal reform within EMU: a topic that will run and run

- Jane Foley is research director at Forex.com. The opinions expressed are her own.-

There was never any secret that a deep recession would uncover the budgetary cracks in some EMU countries.

Feb 3, 2010
via The Great Debate UK

Women on course to control larger proportion of wealth

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- Jane Foley is research director at Forex.com and blogs regularly for Reuters Great Debate. The opinions expressed are her own. Reuters will host a “follow-the-sun” live blog on Monday, March 8, 2010, International Women’s Day. Please tune in. -

Projections indicate that by 2050 the world’s population will stand at around 9.2 billion, up from around 6.7 million at present.  The vast majority of this increase will be in the developing world.  In developed world countries populations may start tapering off after 2025.

Jan 28, 2010
via The Great Debate UK

Greece loses a major incentive to stay within EMU

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-Jane Foley is research director of Forex.com. The opinions expressed are her own.-

Germany’s Finance Ministry this week denied a report in Le Monde that Germany, France and other countries were working on a package to rescue Greece. It seems that for now the official line from the grandfathers of European Monetary Union is that Greece can sort out its own budget deficit. The official line from the Greek government is much the same; it continues to maintain that it doesn’t need a bailout.

Jan 23, 2010
via The Great Debate UK

Little chance of a rate hike until at least Q3

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-Jane Foley is research director at Forex.com. The opinions expressed are her own. -

Bank of England Governor Mervyn King’s speech this week was well timed insofar as it has nipped in the bud a growing fear that inflation in the UK could be lurching higher.