Topic: British Pound

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Five ways US default would hit your pocketbook

With the possibility of America defaulting on a debt payment just days away, Americans are hoping for the best but bracing for the worst. Lawmakers are raising alarms. Some investors are scrambling to the safety of gold and foreign currencies. What would a US default mean for the American consumer? Here are five ways it would hit your pocketbook:

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Stefan Karlsson
Europe can strengthen Greece without weakening Germany

Some experts warn that Greece can't reduce its current deficit unless Germany and other better-off nations reduce their surpluses. Here's why they're wrong.
Scotland talks independence – but can it afford it?

With a vote on Scotland's independence from the UK becoming more inevitable, Scots want to know how an independent Scotland would pay its bills.
Stefan Karlsson
Yearly roundup of world currencies: The yen, the rupee, and everything in between

How 14 of the world's largest currencies fared against the dollar in 2011.
Cameron's EU veto stirs discontent (VIDEO)

British Prime Minister David Cameron today defended his veto of greater EU fiscal integration as a protection against London's financial sector.
Forex trading: Euro lifts, Italian bond yields ease

Forex trading grows more interesting as news rolls in from Italy, Greece, and the UK. Both the euro and British pound rose in Forex trading.
Silver prices, gold prices on the rise

Silver prices, as well as the prices of gold, platinum, and diamonds, rose on Tuesday, amid a declining confidence in the US dollar. Rising gold and silver prices reflect heightened anxiety among investors.
Five ways US default would hit your pocketbook

With the possibility of America defaulting on a debt payment just days away, Americans are hoping for the best but bracing for the worst. Lawmakers are raising alarms. Some investors are scrambling to the safety of gold and foreign currencies. What would a US default mean for the American consumer? Here are five ways it would hit your pocketbook:
The New Economy
What President Obama can learn from Ireland

Mr. Obama's visit to Ireland last month offered the chance to absorb three lessons. Did he learn them?
IMF gives Egypt $3 billion loan. Is it enough?

Egypt's $3 billion IMF loan will buy time for a government whose finances are wracked by investor fears and political upheaval. Tourism was down 46 percent in the first quarter of 2011.
Weak dollar gets boost from Europe's debt problems

Weak dollar: The dollar, like the yen and Swiss franc, often gains when weak economic figures triggers investor worries about the global recovery or when geopolitical tensions make traders cautious.
Budget cuts are the dollar's savior

Votes in Congress on budget cuts are being closely watched by China, the markets, and others. Will Democrats and Republicans end Washington's profligate spending and help keep the US dollar as the supreme global currency?
The Adam Smith Institute Blog
Theft by inflation

Without a gold standard, currency inflation has made people's savings disappear
Interest rates should go up: Fed official

Interest rates, now at historic lows, should be raised, says Philadelphia Fed president. He argues the central bank should push up interest rates in 'the not-too-distant future.'
Nikkei surges, other stock markets quiet

Japan's stock market index surges 4.4 percent as outlook for Japanese nuclear plant improves. Other stock markets in Asia, Europe little changed
Currency markets: Yen tumbles after intervention

Currency markets reversed some of the gains of the yen after the G-7 announced that they would intervene to reduce the value of the yen. The Japanese currency lost nearly two yen against the dollar on currency markets.
Can Twitter predict the stock market?

A new British hedge fund is betting that Twitter can guide stock trading.
Stefan Karlsson
Dollar value falls down on currency list

The US dollar ranks behind the British pound, the euro, the Swiss franc, the Canadian dollar, and the Australian dollar.
The Adam Smith Institute Blog
As UK inflation goes up, bank buries its head

External factors may be causing inflation. But when those outside forces eventually disappear, inflation will remain.
Japan's economy in deep trouble? Look again.

Standard & Poor’s cut its rating on Japanese sovereign debt one notch last week, strengthening the naysayers. But with falling unemployment, large reserves, and rising corporate profits, 'Japan is punching well above its weight,' says one analyst.
The Daily Reckoning
Silver prices up and strong: Want to buy your next house with silver?

Silver prices are climbing fast and gold is soaring above $1400 an ounce. Is it time to stock up on bullion?
A yen to understand other people's money

The desire to sort out China's two different words for its money prompts the Monitor's language columnist to look into some of the vocabulary of currency.
Stock market: News-laden week starts lower globally

Stock market news was slightly negative Monday morning, as world markets fell and earnings expectations were weak.
Stefan Karlsson
Three dollars, one value

The US dollar, the Canadian dollar, and the Australian dollar are all within a penny of the same value.
The currency of Love

A Christian Science perspective.
Rupee gets a currency symbol signaling arrival on global economic stage

Rupee has joined the ranks of the dollar, the pound, the euro and the yen with its own currency symbol.