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Weekly Market Update 31-08-2011       started by HiFX on 31 Aug 2011   (23793)
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From HiFX

31 Aug 2011 10:32 PM
A fairly gloomy picture painted from economic data out so far this week. This has led to comments from the UK, Eurozone and US all looking at ways to support their struggling economies. The rates have remained within fairly tight ranges with no single currency showing consistently strong data. Head of the IMF, Christine Lagarde, has been speaking at the conference of central bankers in Jackson Hole with an urgent plea for bolder economic policies in the US and Europe to stop a double dip recession. She has called for an urgent recapitalisation of Europe