Current Affairs

Minutes from the FOMC’s November meeting showed a strengthening case to raise interest rates, with some members saying a hike should happen at the year’s final meeting, on December 13th-14th. The summary of the meeting, only a week before the US election, provides the clearest signal yet that the Fed plans to lift rates for…

In his first Autumn Statement, Chancellor Phillip Hammond stated that he ‘’is focused on preparing and supporting the economy as we begin writing a new chapter in our country’s history’’. This will be the last Autumn Statement. The Budget will now be in the Autumn, incorporating a Spring statement. According to the Chancellor, Britain will be…

Overview: Sterling’s dramatic depreciation post-Brexit has hindered the UK’s importers to keep prices competitive, with the fall now forcing them to either hike prices, in some cases by over 10%, or share the increase with their buyers and reduce their profit margins. The political risk surrounding the triggering of Article 50 is anchoring Sterling’s potential…

President-elect Donald Trump defeated Hillary Clinton in part by building a coalition of voters who had not supported Republican candidates as enthusiastically in the past. Trump won huge numbers of votes in counties with low annual incomes – over 51% of the vote in those counties, surpassing Clinton by nine points. These votes were won…