Pressure grows for double cut in interest rates - papers 8 Nov

The Times reports this morning that hopes that the European Central Bank will join its British counterpart in cutting interest rates were growing last night, as economists digested yet more grim news from the eurozone. Analysts said that it was increasingly likely that the ECB will bow to pressure for a cut after key figures yesterday showed that business confidence in the eurozone had plunged to a five-year low and German industrial orders had collapsed. The FT writes that Royal & Sun Alliance, the UK-based composite insurer, on Thursday signalled that it might cut its full-year di...