EU Commissioner Breton sees 50/50 chance of Brexit deal
PARIS (Reuters) – There is a “50/50” chance that Britain and the European Union will be able to reach a deal over the terms of Britain’s exit from the bloc, EU Internal Market Commissioner Thierry Breton said on Friday. “We are extremely clear on the conditions and the access to Continue Reading
Government extends Furlough to March and increases self-employed support
businesses and people across the UK given certainty over winter months with further support announced by Chancellor Rishi Sunak the furlough scheme will now be extended until the end of March – protecting millions of jobs across all nations the next self-employed income support grant will also increase from 55% Continue Reading
UK INTEREST RATE DECISION. Nov 05, 2020
ACTUAL 0.10% FORCAST 0.10% PREVIOUS 0.10% BoE QE Gilts Actual 875B (Forecast 825B, Previous 725B
UK heading for double-dip recession this winter
By David Milliken LONDON (Reuters) – Britain looks on course to enter a double-dip recession this winter, as business surveys show economic growth almost halted last month even before the latest England-wide lockdown was announced, financial data company IHS Markit said. The IHS Markit/CIPS services Purchasing Managers Index (PMI) fell to a Continue Reading
The Reserve Bank of Australia is considering use of a digital currency
In brief, the RBA are, exploring potential use and implications of a wholesale form of central bank digital currency project will explore funding, settlement and repayment of a tokenised syndicated loan on an ethereum-based DLT platform The Reserve Bank today announced that it is partnering with Commonwealth Bank, National Australia Continue Reading
RBA’s Lowe: We can effectively create money without limit
Not the best choice of words by Lowe there Other central banks have bought a lot more debt than we are planning to do Not ruling out buying bonds outside of the 5-to-10-year range Not particularly concerned rates will push up house prices excessively
RBA announces policy easing measures (widely expected). Cash rate cut to 0.1%
Reserve Bank of Australia monetary policy decisions. cash rate at 0.1% 3-year bond yield target at 0.1% to expand government bond buying programme by A$100 bln to buy government bonds of 5 to 10 years maturity will buy bonds issued by the Australian government and by the states and territories, Continue Reading
The UK Financial Services Authority plans more virus support measures
Will propose updates to temporary guidance on personal loans, credit cards, auto finance, high-cost short-term credit To propose consumer credit customers who have not yet had payment deferral under July guidance can request one Adding that they will make a further announcement on support for mortgage borrowers later today. All Continue Reading
US30 DOW JONES INDEX
Possible pullback in the US30 leading up to US election? Risk DisclaimerAll investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such Continue Reading