by Christopher Nye | Sep 19, 2019
As widely expected, the Federal Reserve cut interest rates for the second time since late July yesterday, announcing a cut by 25 basis points. In a press conference, Fed Chairman Jerome Powell said that the US economy is looking strong with low unemployment, but...
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by Christopher Nye | Sep 19, 2019
Euro is strong against the pound today, as the latter comes under pressure after poor inflation figures. The new sitting of the European Parliament has ‘reaffirmed’ its ‘wholehearted support’ for the EU’s position during Brexit, saying that the UK would be ‘solely...
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by Christopher Nye | Sep 19, 2019
The pound weakened yesterday on worse-than-expected inflation data. Falling below target for the first time in 5 months, the figure came in at 1.7%, missing the prediction of 1.9%. It was pushed lower by computer game and clothing prices rising less than the previous...
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by Christopher Nye | Sep 19, 2019
Finland’s Prime Minister, Antti Rinne has said that he and Emmanuel Macron have agreed that the UK should be given until the end of September to propose plans for a Brexit deal. This, however, has not been agreed by all EU nations. The European Parliament has...
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by Christopher Nye | Sep 18, 2019
The dollar weakened yesterday but is strong against the pound and euro this morning, ahead of the Federal Reserve’s two day monetary policy meeting, which starts today. Investors are expecting a 25 basis point cut, however some believe that this will be the last cut...
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