Bank of England stands to make a crucial decision today as turmoil hinders most of its peer Euro Zone economies. UK’s GDP contracted in the last quarter of 2011 by a revised 0.3%, and inflation remained higher than the 2% average target set by the BoE. During the last weeks, economic data in services and manufacturing were mainly affected by rising petroleum prices and austerity budget cuts…

Considering the risk building in Europe, the EUR has held up surprisingly well. However, given the following headlines from Greece, we doubt how much longer the single currency can remain resilient. Conservative leader Samaras stated “I tried to form a coalition government with two goals: that the country remain in the euro and bailout policies change to include growth measures,” the lack of…

A wave of anti-austerity election results has shifted the market’s attention away from the weak US payroll reports and has sent traders in search of safe-havens. France Socialist leader, Francois Hollande defeated President Sarkozy. Frances’s new socialist President Hollande has expressed his distaste for the EU fiscal treaty and vowed to hold back France’s vote until additional growth measures…