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Sep 11, 2014

Scottish ‘Yes’ vote poses significant risk to UK growth forecasts

LONDON (Reuters) – If Scotland votes for independence next week, existing consensus forecasts predicting Britain will enjoy some of the best economic growth in the developed world could well be scuppered, a Reuters poll found.

The latest opinion polls put the outcome of the September 18 referendum as to whether Scotland goes it alone a close call and 15 of the 18 economists quizzed by Reuters this week said a “Yes” vote posed a significant or highly significant risk to their forecasts.

Sep 11, 2014

Scottish ‘Yes’ vote poses significant risk to UK growth forecasts – Reuters poll

LONDON (Reuters) – If Scotland votes for independence next week, existing consensus forecasts predicting Britain will enjoy some of the best economic growth in the developed world could well be scuppered, a Reuters poll found.

The latest opinion polls put the outcome of the September 18 referendum as to whether Scotland goes it alone a close call and 15 of the 18 economists quizzed by Reuters this week said a “Yes” vote posed a significant or highly significant risk to their forecasts.

Sep 4, 2014

ECB asset purchases will be enough to drive up inflation – poll

LONDON (Reuters) – The European Central Bank will probably not buy sovereign bonds as the 400 billion euros it is expected to spend on an asset purchase scheme announced on Thursday will be enough to drive up inflation, a snap Reuters poll found.

ECB President Mario Draghi told a press conference on Thursday the bank would buy asset-backed securities (ABS) and covered bonds in its latest attempt to push money into the flagging euro zone economy. At a policy meeting earlier, the bank cut interest rates to new record lows.

Sep 4, 2014

ECB asset purchases will be enough to drive up inflation

LONDON, Sept 4 (Reuters) – The European Central Bank will
probably not buy sovereign bonds as the 400 billion euros it is
expected to spend on an asset purchase scheme announced on
Thursday will be enough to drive up inflation, a snap Reuters
poll found.

ECB President Mario Draghi told a press conference on
Thursday the bank would buy asset-backed securities (ABS) and
covered bonds in its latest attempt to push money into the
flagging euro zone economy. At a policy meeting earlier, the
bank cut interest rates to new record lows.

Sep 3, 2014

Pound to hold mostly steady vs. dollar, unless the Scots vote aye

LONDON, Sept 3 (Reuters) – - Sterling should hold steady against the dollar in the coming year because financial markets have already priced in higher interest rates, according to a Reuters poll, but those forecasts could be scuppered in the still-unlikely event the United Kingdom breaks up.

The pound dropped to a seven-month low against the dollar this week amid concern Scots may yet vote for independence, pulling apart the United Kingdom. A YouGov poll showed the pro-independence camp was just 3 percentage points short of victory in the Sept 18 poll.

Sep 3, 2014

Pound to hold mostly steady vs. dollar, unless the Scots vote aye – poll

LONDON, Sept 3 (Reuters) – - Sterling should hold steady against the dollar in the coming year because financial markets have already priced in higher interest rates, according to a Reuters poll, but those forecasts could be scuppered in the still-unlikely event the United Kingdom breaks up.

The pound dropped to a seven-month low against the dollar this week amid concern Scots may yet vote for independence, pulling apart the United Kingdom. A YouGov poll showed the pro-independence camp was just 3 percentage points short of victory in the Sept 18 poll.

Sep 3, 2014

Euro zone business growth wanes in August as Ukraine tensions bite

LONDON, Sept 3 (Reuters) – Euro zone business grew at the
slowest rate this year in August and retail sales plummeted in
July as escalating tension between Russia and Ukraine subdued
spending and investment, surveys showed on Wednesday.

Signs of slower growth, coupled with firms cutting prices at
an even faster rate but still failing to drum up sales, will add
to pressure on the European Central Bank ahead of its monetary
policy meeting on Thursday.

Sep 3, 2014

Euro zone business grows in August at weakest pace this year – PMI

LONDON (Reuters) – Euro zone business grew at the slowest rate this year in August as escalating tension between Russia and Ukraine subdued spending and investment, surveys showed on Wednesday.

Signs of slower growth, coupled with firms cutting prices at an even faster rate, will add to pressure on the European Central Bank ahead of its monetary policy meeting on Thursday.

Sep 1, 2014

Euro zone factory growth slows in August amid Ukraine tension: PMI

LONDON, (Reuters) – Euro zone manufacturing growth slowed slightly more than initially thought last month as new orders dwindled and factories suffered amid rising tensions in Ukraine, a business survey showed on Monday.

Factories barely increased prices last month, and manufacturing activity in France fell at the fastest pace in 15 months, in disappointing news for the European Central Bank before Thursday’s monetary policy-setting meeting.

Aug 28, 2014

BoE to beat Fed to the punch by hiking rates in first quarter

LONDON (Reuters) – The Bank of England will be the first major central bank to lift interest rates when it makes a move early next year, jumping the gun on the U.S. Federal Reserve by a few months, a Reuters poll shows.

The BoE will raise its Bank Rate by 25 basis points in the first quarter of 2015 from a record low of 0.5 percent, while the Fed will wait until the second quarter before lifting the federal funds rate from near zero, the poll of around 85 economists taken this week found.