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Upcoming News for Thursday May 8, 2008

Written by Hugh, on May 7th, 2008

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I’m trying to become more conscious of the news and get back in front of the screens.

On deck for today:

MPC Rate Statement – The Bank of England Monetary Policy Committee Rate decision. There is usually no statement if the rate does not change. If there is a statement it outlines the vote and the economic conditions that influenced their vote. There is speculation that the BOE will cut rates following a series of weak economic data but most analysts believe that they will keep the rate at 5.00%.

US Unemployment Claims -The consensus is that unemployment claims will be down to 370,000 from 380,000. I personally think that claims will be up or flat at best.

Some big news on Friday so check back…

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