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The Bank of England delivers its first rate cut in more than two years, reducing its base rate by a quarter of a point to 5.5%, after weaker data from the housing market and the wider economy.
The ground the greenback has lost in recent weeks owes to a run of weaker data about the economy, not least on jobs (see article).
The panelists weren't pushovers: They nixed two other anti-MRSA drugs with weaker data.
Similar results were seen with CD4+ T cells, although the effects of cytokines were generally weaker (data not shown).
Similar trends were seen for CD4+ T cells, although the effects were generally weaker (data not shown).
(An RNAi construct directed against the C-terminal domain of Mad gave similar phenotypes but was weaker, data not shown).
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The bond market rallied on the weak data.
There was also weak data on industrial production.
In response to the weak data, the European Central Bank has hinted it will begin a programme of credit easing before spring.
A downgrade might also have implications for Europe, which has recently released weak data on economic growth.
One reason is that China, the biggest importer, has produced a string of weak data.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com