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Wednesday 14 May 2014 4:38 amPound hits 16-month high against euro on rumoured ECB rate cut packageBy: Harriet GreenShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a p <a href=https://www.polene-italy.it>polene italy</a> referredsource on GoogleThe European Central Bank <a href=https://www.bru-mate.ca>brumate cooler</a> ECB is working on a package of policies for its June meeting, which include cuts to all its interest rates and measures aimed at upping lending to small and medium-sized firms, Reuters reports.A rate cut in June is more or less a done deal, one of the news agencyrsquo sources sources said.European markets are in the red this morning, and the <a href=https://www.bru-mate.ca>brumate cup</a> pound has hit its highest level against the euro in 16 months, at euro;1.2297 ndash; that means a eurorsquo worth 81.3p.According to Reuters sources, the plans involve a potential rate cut, which would see the ECBrsquo deposit rate going fall into negative territory for the first time. Markets have been buoyed over the last few days by the suggestion that the ECB will be easing its monetary policy at its meeting next month.The measures would provide some stimulus to the Eurozone economy, although they wonrsquo;t be as pervasive, in terms of effect, as a major programme of quantitative easing.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of jet fuel shortage as flights t Ebjn Thorntons rsquo; share price collapses 25 per cent following profit warning
Wednesday 15 December 2010 7:36 pm|Updated:Friday 31 May 2019 5:42 amBEST OF THE BROKERSBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource <a href=https://www.cup-stanley.ca>stanley canada</a> on GoogleHMVDeutsche Bank rates the retailer hold with a target price of 45p. The broker has cut its profit forecast by 20 per cent after a gloomy set of results last week, and sees an eight per cent drop in like-for-like sales in the second half of the year. It has concerns about the focus on DVD and music.VALIANT PETROLEUMRBS has downgraded the oil explorer to hold from buy with a target price of 565p, down from 900p. The broker believes the firmrsquo profit potential will not surface until the end of 2011 when drilling activity increases, and that the firmrsquo upstream portfol <a href=https://www.owala-water-bottle.ca>owala ca</a> io will grow less quickly.CARPETRIGHTHSBC rates the retailer underweight with a target price of 600p. The broker notes that the firmrsquo recent results were at the lower end of expectations, and has cut its 2012 and 2013 pre-tax profit estimates by 10 per ce <a href=https://www.cups-stanley-cups.com.de>stanley quencher</a> nt. It adds that uncertainty over the UK housing market continues to be a risk for the company. Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessRelated TopicsNULLTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of jet fuel shortage as flig