Posts Tagged ‘Trump’
MPC keep interest rates on hold as probability of a cut jumps to 20%
STERLING The Bank of England kept rates on hold on Thursday via a 9-0 vote but cut growth forecasts which initially weighed on the pound, with the market now pricing in a 20% chance of an interest rate cut this year. Still, Sterling recovered into the weekend and has been trading at a two week…
Read MoreECB hold rates until 2020
EURO The European Central Bank pushed back their rate guidance on Thursday and pledged to remain on hold at least through the first half of 2020. The Euro rallied in response as the Governing Council stopped short of opening the door to a rate cut. EUR/USD made further gains on Friday and closed above $1.13…
Read MoreTrump threatens China with increased tariffs
US DOLLAR The Dollar Index inched higher yesterday morning to 97.6 having declined on Friday’s jobs report as soft wage data overshadowed a strong non-farm payrolls print (+263,000) with the unemployment rate falling to 3.6%, a 50-year low. The Trump administration continued to raise the temperature in trade tensions with China yesterday, with top trade…
Read MoreTrump continues criticism of Fed monetary policy
US DOLLAR After a soft start to last week, the US Dollar finished strongly with the Dollar Index hitting a one-week high on Friday at 96.55. Thursday’s stronger than expected GDP data was the main catalyst after the Greenback had shown little reaction to relatively mundane comments from Fed Chair Jerome Powell. Comments from US…
Read MoreTrump comes up $4.3 billion short for wall funding
US DOLLAR The Dollar Index spent most of last week with a 97 handle but surrendered it before the weekend after US retail sales dropped the most since September 2009, prompting a flurry of growth downgrades for the coming quarters. Elsewhere, lawmakers appear to have avoided another government shutdown for the time being and more…
Read MoreHappy New Year!
What a year 2018 was; the royal wedding, never-ending summer sunshine, England’s fantastic world cup run, Trump trade wars, the worst year for stock markets in a decade, Theresa May surviving a no-confidence vote along with hearing the word ‘Brexit’ every other day… It’s not all doom and gloom as many in the media (and…
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