With expectations that the ECB will be announcing its position on QE today, it’s off to the races for all financial market participants. The buildup to the announcement has been event filled to say the least, with a number of central banks surprising the market, currency moves wiping FOREX brokers… Continue reading
1,831 new vehicles were sold during December, slightly less than November, as December is usually a seasonally slower month, nevertheless, an increase of 53.9% y/y. Monthly sales figures show record sales were seen during every month of the year in 2014. Total sales for the year stand just shy of… Continue reading
Out of interest, I had a quick look at a regression of the oil price on local fuel prices. This suggests that pump prices still have a long way to fall locally, as the current low oil prices in Jan will only be passed through to pump prices in March/April(/May)… Continue reading