The Federal Reserve hiked rates by basis points to yesterday which was as expected. The decision flew in the face of what Trump had been asking for, but then it really does have nothing to do with him.…
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After weeks of debate and back and forth, yesterday we learned that the European Commission and Italian government have reached an agreement over the 2019 budget. The deal removes the possibility of Rome receiving an EU fine and…
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The headline release from the UK yesterday was the inflation rate figure for November. As expected, it dropped to 2.3% from 2.4% the previous month, to hit its lowest level in 20 months. The Office for National Statistics…
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Last night, the Federal Reserve ignored Trump’s pleas and hiked interest rates for the ninth time since late 2015. The central bank’s move was expected and so the currency markets were fairly muted in response, but it was…
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Donald Trump sent another Tweet yesterday that urged the Federal Reserve to resist hiking interest rates this time around. The former reality television star appears to be unhappy with the central bank’s ‘quantitative tightening’ programme, which is currently…
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On what was a relatively quiet day, we saw the German Ifo business climate reading for December. It has been expected to dip to 101.8 from 102 the previous month, but it actually came in at 101. It…
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The supposed increased likelihood of a no-deal Brexit has encouraged ministers to ramp up their no-deal planning efforts, with some 3,500 troops on standby to help in the event of a crisis. Despite measures including chartering space on…
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Yesterday, cabinet ministers agreed that no-deal planning must be ramped up and implemented across government. Measures include reserving ferry spaces for supplies and putting 3,500 troops on standby to deal with any disruption. Downing Street confirmed that no-deal…
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