Archive for March, 2014

All eyes are on the continuing developments in the Balkan region of the world.

As was expected, the so-called referendum in Crimea is said to have reported that ninety-seven per cent of ethnic Russians wish to secede from Ukraine and join the Russian Federation.

This has caused a massive ripple effect in the currency markets as of late. With both the European Union and the United States threatening very real sanctions, currency traders are already closely watching the value of the ruble in relation to its other major currency counterparts.
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A consensus of almost fifty economic experts predicts that Britain will show a growth rate that exceeds the rest of the G7 nations in the coming quarters, but the Bank of England is in no rush to increase interest rates, which might slow the rate of recovery.

The poll agrees with online Forex trading positions that the Bank of England will hold interest rates until the second quarter of 2015, raising them then by 25 base points, with a further increase of the same magnitude in the third quarter.
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