by Christopher Nye | Sep 27, 2018
As expected, the Federal Reserve hiked interest rates to 2.25% yesterday. The markets had priced in the increase, which is the third such rate rise this year. The real focus of attention was on the Fed’s ‘dot plot’, which shows where policymakers believe interest...
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by Christopher Nye | Sep 27, 2018
The CBI distributive trades survey results were released yesterday and came in better than expected. Of all retailers surveyed, +23% said sales were up from the same period a year ago. While that is down from +29% in August, it is significantly above the +16%...
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by Christopher Nye | Sep 27, 2018
There were no releases from the eurozone yesterday, which was perhaps just as well given how scene-stealing Brexit and the Federal Reserve’s interest rate decision was. Perhaps unsurprisingly, the euro weakened a little against sterling and the dollar, but the moves...
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by Christopher Nye | Sep 27, 2018
The big release of the day was always going to be the Fed’s interest rate decision, which was more or less certainly going to be in favour of increasing rates to 2.25%. While that much was known, the real talking points were likely to focus on any indications of...
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by Christopher Nye | Sep 24, 2018
Just when it looked as if there was some light at the end of what has proved to be a very long tunnel, along come all the EU leaders, Tory sceptics, members of opposition parties and some Tory remainers to say that the Chequers plan put forward by the government is...
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