The ECB announced a 10-basis-point rate cut at its meeting yesterday, as well as a return to quantitative easing from 1st of November. Further cuts in the future haven’t been ruled out, with the Governing Council saying rates would be stable or lower until inflation reaches target.
Labour is urging a recall of Parliament, as the Government’s appeal against the Court of Session’s ruling that the prorogation was ‘unlawful’ continues. Operation Yellowhammer documents released yesterday, closely similar to previously leaked information, have not helped to calm fears about a potential no-deal, if the EU vetoes an extension. However, a document has since been leaked to suggest that an extension may be granted from the EU if necessary.
Reports suggest that the US could be considering an ‘interim’ trade agreement with China, delaying some tariffs while negotiations continue.
Protect your money from the risks of the live markets today, and you will be able to buy safely abroad no matter what happens. Speak to your Personal Trader on 020 7898 0541 to get started with a forward contract.
