In trading GBP / JPY European session Friday afternoon (9 / 7) British Pound currency strengthened against the Japanese yen moves and in the range of 134.27. £ forex investors increasingly interested in line with the strengthening of positive sentiment toward the currency, related to the performance expectations of an increase in foreign trade sectors of the UK.

Trade Balance recent data indicators scheduled to be announced by the National Statistics is expected to show an increase performance by decreasing the trade deficit. Indicators Trade Balance expected to be improved to-7.1B (-7.1 billion Pounds Sterling) from the previous value - 7.3B (-7.3 billion Pounds Sterling). Estimation of these pro-Sterling responded by investors on trading GBP / JPY.


Analyst Research Vibiz from Vibiz Consulting suggested that the Sterling currency to trade in this currency pair is expected to still have a potential to strengthen, especially until the data is actually released.

(Http://www.vibiznews.com/mla)

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According to the Office for National Statistics (ONS), the British economy during the first three months of the year 2010 has been growing much faster than those estimates, around 0.2%. UK economic growth rate reached 0.3% between January to March 2010 this. Industrial production and business services play a major role in economic growth earlier this year.

Although the numbers achieved quite good English but still lower than that achieved in 2009 which reached 0.4%. Industrial output growth was also revised to 1.2% from the previous prediction that only reached 0.7%. The manufacturing sector also grew about 1.2%. While the level of private consumption tend not to describe the increase so it can be said the British economy is still far from balanced.

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Organisation for Economic Co-operation and Development (OECD) has warned the euro zone to be more attention to their economic recovery and also the Euro exchange rate, since the debt crisis that hit Europe could threaten the economic recovery of the region. According to predictions, the European economy will register 1.2% growth this year. While the OECD forecasts growth in Europe will only reach 0.9%.

According to Germany, the disbursement of funds amounting to hundreds of billions of Euros to the bailout crisis, the Greek is a difficult step for all members if it is not able to manage finances effectively. While according to the OECD, will be more effective if carried out for closer scrutiny of each country and provide financial sanctions for countries that do not pay their loans on time. OECD members are predicted to experience economic growth of 2.7% this year and 2.8% in 2011. Economic growth is predicted to reach 1.2% this year and 2.5% next year is still far better than other developed economies, except China and India. The OECD also suggested the Bank of England to raise interest rates to 3.5% in the previous year end 2011 from just 0.5%.

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International Monetary Fund (IMF) began to focus on the Spanish economy now appears to need a great effort to restore its economy. According to the IMF, now Spain is facing some tough challenges like reforming dysfunctional labor markets and the banking sector. The IMF comments came after hearing the Spanish authorities who want to help creditors Cajasur at the end of pecans yesterday. Parties

The administration must borrow money to pay for public services because of taxes and other revenues are not sufficient. It shows the economic decline of Spain. This is not the first comment from the IMF, the IMF had also previously warned Spain to reform its economy, such as the payment of employee wages.

Last week, the Spanish government has planned to set up funds of 15 billion Euros to pay the wages of workers and reduce the deficit Tertiary. In addition, Spain also had to overcome the problem of unemployment which has reached more than 20%. Amid concerns Greece and also failed to pay the Spanish crisis, 27 members of the European Union and the IMF again provided funding amounting to 750 billion Euros to overcome this crisis. 440 billion loan funds are sourced from each country, 60 billion from the European Commission funds and another 250 billion from the IMF.

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EU Finance Ministers will meet in Brussels to discuss the issue in order not to worsen the crisis such as Greece. During the meeting there will likely discuss the EU budget rules to tighten financial regulation. However, the exact agenda is to discuss the national budget proposals, the recommended set during the first six months, replacing the current budget setting is done in the second half. But apparently the idea will cause controversy, especially with England.

Besides, in this meeting of EU ministers will also talk about sanctions that will be given to the State which does not comply with the stability and growth of the agreement previously agreed. This will force a country to deposit some money in the bank tocover country's debt if someday they have trouble paying its debts. The meeting will be held under the leadership of President Herman Van Rompuy the European Union.

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Eight banks face U.S. government investigations, including the problem of rating mortgage products (mortgage) to them. Andrew Cuomo, an attorney in New York are investigating whether there is a possibility mjanipulasi between banks and credit rating agencies to get a better rating securities. Banks are investigated include Goldman Sachs and Morgan Stanley. One cause of the crisis is due to bad U.S. mortgages.

The lawyer has requested information from the eight banks, as well as the three major rating agencies - Standard & Poor's, Moody's and Fitch Ratings. Other institutions that were investigated by Cuomo is UBS, Citigroup, Credit Suisse, Deutsche Bank, Credit Agricole dams Merrill Lynch - now part of Bank of America. Investigations conducted after the Senate decided to tighten credit rules, which allegedly is one of the main causes of one of the financial crisis that occurred. Senators argued that these agencies have allowed the bank - a bank to sell high-risk financial products to low rating.

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Portugal plans to order a high salary rules and also cut the state budget to reduce a deficit that continues to swell. Pruning is a government effort to combat the national debt that continues to be a burden. German Chancellor Angela Merkel, warned that the EU will increasingly depressed and threatened if the euro slumped due to ongoing debt crisis.

Euro currency continued to fall until it reaches its lowest point during the last 14 months is 1.2517 to the dollar on Thursday. Global markets seem panicked to the uncertainty in Europe. In addition, investors also feared that with an explosion that occurred in Greek prisons and also an indication kriminalisai by nine banks.

Apart from Greece who has now lowered its credit rating, international attention is now focused on Portugal and Spain, which has also lowered its lending rate. Both countries are feared to have a fate similar to Greece. Portugal Prime Minister Jose Socrates announced it would cut salaries of civil servants and ministers. In addition, he also raised taxes about 1% to 21% currently. As one member European Zone, Portugal should keep the rate below 3 per cent deficit. Meanwhile, from Spain, the government is cutting salaries by 5% and are saving up to 50 billion euro budget.

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Chief Executive Officer of Deutsche Bank AG, Josef Ackermann, said that there is the possibility of Greece will not be able to pay its debts as a whole, but it will still be discussed again. Greece should immediately stabilize the country's economic conditions due to the crisis because of these conditions adversely affect the other State. However, Ackermann was not sure of Greece will be able to repay the loan at a specified time. European policy makers announced that there are about $ 1 trillion in loans that have been provided to assist the European countries that were hit by the financial crisis.

According to Ackermann, Greek debt restructuring should be prevented and it must be increasingly pressured to Greece more aggressive in cutting back on spending his country. Ackermann also said that Italy and Spain is still strong enough to sustain their own debt, and the increasingly alarming today is Portugal. German financial companies including Deutsche Bank and Allianz SE will provide funds amounting to 4.8 billion euros to replace the Greek government bond that matures on May 6, 2013 by selling new bonds or invest in other forms. Ackermann said that he did not see any high inflation in the European area during the next two or three years, he just sees a fundamental strength for the euro currency.

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Wall Street-backed senator can't explain why he opposes financial reform, asks reporter what's wrong with it: "
Ted Kennedy's replacement in the Senate doesn't appear to be quite as articulate as his predecessor. Newly minted Sen. Scott Brown (R-MA), elected to the late Kennedy's seat in a special election, stumbled after reporters asked him why he opposed financial reform. The new legislation will take a financial toll on the nation's largest banking institutions in an effort to forestall future financial meltdowns. Asked by the Boston Globe how he'd ...
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Stocks, Oil Drop as Dollar Gains After SEC Sues Goldman Sachs: "
April 16 (Bloomberg) -- Stocks and commodities tumbled, while the dollar and Treasuries gained, as Securities and Exchange Commission accusations of fraud against Goldman Sachs Group Inc. triggered a flight from riskier assets. The Standard & Poor's 500 Index sank 1.6 percent to 1192.13 at 4 p.m. in New York, the most since Feb. 4. Oil slid 2.7 percent to $83.24 a barrel and gold, copper and lead declined at least 2 percent. ...
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