Thu Feb 17 10:36:46 CET 2011 GBP BoE's Sentance:
- "most unlikely" that UK inflation will quickly ease
- sees "danger" high inflation becomes ingrained
- first defense against global inflation is pound
- UK needs faster, bigger rate rise than markets expect

LONDON (Dow Jones)--The Bank of England governor insisted Wednesday that the bank isn't committed to delivering interest rate hikes that investors are currently pricing in.
At a press conference accompanying the BOE's quarterly inflation report, Mervyn King said the bank never endorses market rate expectations and never announces interest rate moves in advance.
In its report, the BOE raises its inflation forecasts for 2011 but says growth will also be slower, as higher commodity prices squeeze household incomes and the government's budget cuts start to bite.

February 16, 2011 06:00 ET (11:00 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.

SYDNEY (Dow Jones)--The Australian dollar was lower late Wednesday on profit-taking fueled by a shift to a more dovish policy stance by the Reserve Bank of Australia in the last week and growing talk of interest rate increases in the major economies.
All eyes are the release of the Bank of England's quarterly inflation report later which could validate recent hawkish rhetoric from the central bank.
Overnight, BOE Governor Mervyn King said there is "a great deal" of uncertainty about the path of the U.K.'s annual rate of inflation over the medium term, and "real differences" among members of the Monetary Policy Committee.
Rising interest rates in a major economy like the U.K. would be viewed as a significant shift for policy makers globally, one that would inevitably lead to a sharp narrowing of the healthy interest rate differentials that currently underpin the strength of the Australian dollar.

February 16, 2011 01:30 ET (06:30 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.

Die Handelsaktivitäten in Genf verstärken sich. Der Sektor legt seit 2006 jährlich um 5 Prozent zu, wie eine Sprecherin der Branchenorganisation GTSA (Association genevoise du négoce et de l'affrètement) erklärte. Besonders beim Rohölhandel gibt es eine Bewegung von London nach Genf.
...
Rund 8000 Beschäftigte sind bei den Handelsaktivitäten im Genferseeraum angestellt, mehr als 6000 davon in Genf. Gemäss Hildebrand liegt die Anziehungskraft der Region für diese Aktivitäten in den vorhandenen Kompetenzen, dem Arbeitskräftereservoir, guten Infrastrukturen und nicht zuletzt günstigen Steuerbedingungen.

Die Finanzindustrie in London beklagt sich über immer strengere Regulierungen und steigende Steuern im Königreich.

Standard & Poor reduces UK's credit rating

It will be hard for the Sterling to reach yesterday's levels, especially after the bad macro data from the financial sector and the news that Standard & Poor has reduced the UK's AAA credit rating from "stable" to "negative".

Fitch and Moody confirm the UK's stable AAA rating

After Standard & Poor reduced the AAA UK's credit rating from "stable" to "negative", Fitch and Moody confirmed that the UK's credit rating didn't correct downwards and that is stable.

This is a positive data for the Sterling. It's important to remember that the S&P announcement was a major factor in the cable's decline.