Economic Articles

 The Bank of England is stepping up its scrutiny of banks and other lenders on credit cards, personal loans and car purchases amid fears that growing consumer debt could rebound on the banking system. Threadneedle Street is writing to the firms it regulates after reviewing the consumer credit sector, where ...

For the weakening British pound, the worst may not be over. Derek Halpenny, head of global markets research at Bank of Tokyo-Mitsubishi UFJ, said there’s scope for major drops in the currency as the “Brexit” debate rages on. “I think we’re still in for potential further declines,” Halpenny told CNBC’s ...

The initial AUD/USD sell-off reaction to the major miss in Chinese trade balance has been completely reversed, with the pair not just returning back to its selling origin circa 0.7130, but is now extending gains towards the key resistance at 0.7150, where offers are tipped. China trade stats China’s trade ...

During today’s State of the Union Address in the United Stated, President Barack Obama stressed to focus on the future, initially making mention to the necessity of fixing a broken immigration system, protecting kids from gun violence, equal pay for equal work, paid leave, and raising the minimum wage. On ...