Europe's Crisis Poisoning UK Economy (id)

The UK government is still unhappy about the indicator for the deficit of trade balance.

According to a report published by the Office for National Statistics last Friday, the UK trade balance deficit increased by 1 bn 270 mln pounds in April. Analysts were more optimistic about the indicator hoping that it would shrink by 230 mln pounds.

Even though imports from China plunged, the UK trade balance is being suppressed by plummeting exports. In April UK exports diminished by 8.6%, while imports only contracted by 2.5%.

The Eurozone, UK�s major trade partner, is now drowning in debt troubles reverberating throughout the global economy and causing overall slump. So, just like other central banks, the Bank of England developed a series of emergency measures in case the crisis escalates or the Eurozone breaks up.

The urgent action plan is meant to shield the economy of Great Britain from destructive effects of the Europe�s debt crisis.

This week the Bank of England is to offer banks a new package of cheap loans. The UK government and Bank of England are set to pump 100 bn pounds into the economy, which is equivalent to 160 bn US dollars.

Kalender dan ulasan

Kalendar pedagang 29 – 30 Sepyember: Investor bertaruh pada kekuatan USD dalam jangka panjang.

Kalendar pedagang 22 – 23 Sepyember: Upaya sia-sia bank sentral.

Kalendar pedagang 15 – 16 Sepyember: USD tetap memegang kendali bahkan setelah data inflasi.

Kalendar pedagang 8 – 9 Sepyember: Apakah masuk akal untuk mengambil risiko?

Kalendar pedagang 5 – 7 Sepyember: Sejumlah bank sentral terjebak pada pendekatan agresif.

Pilihan editor

The United Arab Emirates seem to be a land where nothing is impossible with its capital city Abu Dhabi being a place of dreamlike fantasies. Glassy skyscrapers and futuristic buildings in the midst of Arabian dessert boggle imagination. And it is hard to believe that half a century back this one of the world’s richest cities called "Arabian Manhattan" did not even know about electricity and water pipe. Today, firmly high oil price which has become a component of UAE economic blossom can become a recipe for success of every trader. Abu Dhabi which is one of the major financial centers in the world holds annual prestigious exhibitions and conferences. In 2011 at the annual event «Forex&Investment Summit» the world-wide known broker InstaForex picked up the "Best Retail Forex Broker" award.

Anna Kochkina, Director of Special Projects at InstaForex, speaks about the way InstaForex treats its customers (ShowFx World Conference in Riga)

Kalendar pedagang 29 – 30 Sepyember: Investor bertaruh pada kekuatan USD dalam jangka panjang.

Events

Video interviews

Economic calendar

Geography with InstaForex