Mike Campbell | TalkMarkets | Page 18
British Scientist, Writer
Contributor's Links: Daily Forex
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.

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U.S. Economy Slows In Q4
Economic activity in the world’s largest economy has continued to grow – that’s the good news. The bad news is that the rate of expansion has slowed dramatically over the level in Q3.
UK Economy Slows
Q4 saw an expansion of 0.5% over the previous quarter, returning full year growth of 2.2%. In the current global economic climate, the figure is commendable, but it represents a slowdown over the 2014 growth which came in at 2.9%.
Bank Of Japan Surprises Analysts
In a move which appears to have caught most financial analysts by surprise, the Bank of Japan has moved its interest rate into negative territory, to the tune of minus 0.1%.
ECB Hints At Further QE
The ECB had been working on the assumption that the oil price would average at about $50 this year, but having rallied last week, it is currently only $32.2 per barrel for Brent crude.
Forex Week In Review - January 25, 2016
The Euro was marginally weaker against the Yen ending at 128.1, a loss of 0.02% over the course of the week. It lost ground against Sterling last week, falling by 1.5%; the close saw one £ buying €1.3231.
Crude Oil Price Continues To Retreat
The rout in crude oil prices shows little sign of stopping. The price for a barrel of Brent crude is flirting with the sub $28 level, having dipped under the price in yesterday’s trading.
Chinese Growth Narrowly Misses Target
Inflation in the People’s Republic of China is not so regimented, having peaked at 28.4% (1989) and fallen to -2.2% (1999), but it averaged 1.6% over the year ending in December 2015.
Goldman Sachs Fined
Goldman Sachs has just agreed to pay American authorities $5.1 billion to settle claims that it used fraudulent marketing to sell mortgage backed securities in the run up to the Global Financial Crisis.
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