The combination of ongoing deleveraging by banks and households, increased fiscal austerity and declining confidence is expected to restrain growth across the advanced economies.   The Bank now expects that the euro area – where these dynamics are most acute – will experience a brief recession.
So long as some dealers remain willing to not charge directly for this service, competitive forces mean that it is difficult for others to charge. There is clearly a first-mover disadvantage. More progress is required here. When WM implements the wider window later this month, this may prove a focal point for a shift in pricing models.