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Sterling Slides Following Downbeat Commentary from Lawmakers

The pound sterling is weaker on Monday following suggestions that the IMF could once again downgrade its global economic forecast, coupled with more downbeat commentary from lawmakers.In an interview with German newspaper Handelsblatt, IMF Managing Director Dominique Strauss-Kahn said global economic forecasts would be lowered again as the recession continues to take its toll. He also called for swifter action to clean up bank balance sheets.According to the Financial Times, UK Chancellor Alistair Darling plans to admit

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Mortgage Problems Hindering an Economic Recovery

(CEP News) - The U.S. economic recovery remains hindered by continued problems in the housing and mortgage markets, Federal Reserve governor Elizabeth Duke said on Monday.During a speech in Phoenix, AZ, Duke said there are currently widespread payment problems in every category of mortgages as households struggle to meet their payment obligations amid weaker economic conditions.

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Recherche Trader Pro

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Reuters

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MIG Investments

MIG Investments is a Swiss online Forex and bullion broker regulated by the Swiss Federal Department of Finance.

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October 16th - Fed's Bernanke Speech, Philadelphia Fed Manufacturing Survey

Hello,today in our forex calendar.today: Fed's Bernanke Speech.The Fed Governor Ben Shalom Bernanke was born in 1953. He graduated from Harvard University and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology. In 2006 he became the Chairman of the Federal Reserve System. He gives a press conference as to how the Fed ob

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